• Financial Aid

  • Federal Perkins Loan

    Federal Perkins Loans are borrowed directly from Hamline University. 

    The loan is interest free until repayment begins, which is nine months after the student leaves school or drops below half-time status. The fixed annual interest rate is 5.00%.  

    How to Apply 

    1. Check your award letter for eligibility.
       
    2.  An email notification will be sent to your preferred email address in Piperline when your loan is available online. The email will direct you to www.signmyloan.com to sign for your Perkins Loan. Your FAFSA PIN will serve as your electronic signature. If you don’t have a PIN, you can request one at www.pin.ed.gov.

    Once you have electronically signed your Master Promissory Note (MPN), your Perkins Loan dollar amount will be applied to your account on a semester basis for that academic year. If you have Perkins Loan eligibility on your award letter and you do not want to borrow this loan, please send written notice to the Office of Financial Aid at finaid@hamline.edu.  

  • ENROLLMENT STATUS - UNDERGRADUATE AND POST BACCALAUREATE 

    Half-time*: At least 6 credits per semester.

    Full-time: At least 12 credits per semester.

    State Grant: At least 15 credits per semester for full award.

    *Half-time status is a requirement for all federal and some alternative student loans.

  • ENROLLMENT STATUS - TEACHING LICENSURE, TEFL, AND EDISCOVERY CERTIFICATES

    Half-time*: At least 4 credits per semester.

    Full-time: At least 8 credits per semester.

    *Half-time status is a requirement for all federal and some alternative student loans. 

  • ENROLLMENT STATUS - MASTER AND DOCTORATE 

    Half-time*: At least 4 credits per semester.

    Full-time: At least 8 credits per semester.

     *Half-time status is a requirement for all federal and some alternative student loans.

  • ENROLLMENT STATUS - LAW

    Half-time*: At least 6 credits per semester. 

    Full-time: At least 12 credits per semester.

    Summer half-time*: At least 3 credits.

    Summer full-time: At least 6 credits.

    *Half-time status is a requirement for all federal and some alternative student loans.

    The Hamline School of Law requires an "Underload Status Request" for all students taking less than 8 credits per semester during the fall and spring.