Student Loan Information
Office of Financial Aid
Get help paying for your education
To be considered for any federal loan, students must complete the Free Application for Federal Student Aid (studentaid.gov). You can learn more about applying for the Free Application for Federal Student Aid (FAFSA) on our How to Apply for Financial Aid page. You may also download our Student Loan Code of Conduct.
You must be enrolled at least half-time per term in a degree-seeking program to be eligible for all federal loans and some alternative loans. To see enrollment definitions and other important student loan information, such as loan disbursement dates, federal reporting, loan deadlines, and counseling requirements, visit the FAQ section on this page.
Determine your enrollment status
|Program types||Enrollment status||Credit requirement|
|Undergraduate, Post-baccalaureate, Online Bachelor’s, Teaching Licensure||Half-time||At least 6 credits per semester|
|Full-time||At least 12 credits per semester|
|Full-time (for State Grants)||At least 15 credits per semester for full reward|
|Master’s, Doctorate, graduate certificates||Half-time||At least 4 credits per semester|
|Full-time||At least 8 credits per semester|
Loans for all students
Federal Direct Subsidized/Unsubsidized Loan
All eligible students may apply for the Federal Direct Subsidized/Unsubsidized Loan up to the amount shown on their financial aid award letter.
Alternative loans are nonfederal loans with you, the student, as the borrower. Alternative loan approval is based on your satisfactory credit history. Some alternative loans require a credit-worthy cosigner or allow you to use a cosigner to receive a lower interest rate. Typically, federal student loans are less expensive and offer better repayment terms than alternative education loans, so be sure to double-check your eligibility for federal student loans before considering any alternative loan options.
Additional loans for undergraduate, post-baccalaureate, online bachelor’s degree, and teaching license students
Federal Direct Parent Plus Loan
Parents of dependent undergraduate students may borrow a Federal Direct Parent Plus loan. The maximum you may borrow is the cost of attendance minus all other financial aid sources. If you need assistance with the amount you or your parents are eligible to borrow, contact the Financial Aid Office.
United Methodist scholarships and loans
United Methodist awards are available only to undergraduate students who identify as active members of the United Methodist Church.
Additional loans for master’s, graduate certificate, and doctoral students
Federal Direct Graduate Plus Loan
Students may be eligible to apply for the Federal Direct Graduate PLUS in addition to the Federal Direct Unsubsidized loan. The maximum you may borrow is the cost of attendance minus all other financial aid sources. If you need assistance with the amount you are eligible to borrow, you may contact the Financial Aid Office. These students can apply for the Federal Direct Graduate PLUS Loan in addition to the Federal Direct Unsubsidized Loan. However, borrowers must apply for their annual loan maximum eligibility under the Federal Direct Unsubsidized Loan before trying to get the Federal Direct Graduate PLUS Loan. (Please keep in mind that licensure students are not eligible for these loans.)
Student loan FAQs
Student loans will be disbursed in two equal payments if all of your applications and required paperwork are completed. Hamline will receive half of your loan proceeds at the beginning of the fall semester and the remaining half at the beginning of the spring semester. Your fall and spring loan disbursements will be credited to your account during the first week of the semester or 10 days prior to the first meeting of your earliest class, whichever is later.
If you’re borrowing a supplemental education loan from a lender that can’t forward your funds to Hamline via Electronic Funds Transfer (EFT), your loan funds will be mailed by paper check. Once you endorse your paper loan check at the Cashier's Office, the funds will be credited to your student account.
Refunds of any overpayment will be processed no later than 14 days after federal aid is disbursed into your student account.
Loan applications must be received one week prior to the end of the term for which you’re applying.
StudentAid.gov is the US Department of Education's central database for Title IV (federal) student aid. Schools are required to submit enrollment as well as federal grant and student loan information to the database. This information will be accessible to authorized users, such as lenders and institutions of higher education. Students and parents can also access information regarding loans and/or Pell grants through this website.
The site displays information about loan and/or grant amounts, outstanding balances, loan statuses, and disbursements. If you’d like to access your loan history, follow these steps:
- Create an account on studentaid.gov to obtain an FSA ID and sign in on StudentAid.gov
- Once you sign in, you’ll be brought to your account dashboard, which will give you general information about your loan and grant history
- Select the "view details" button to find more in-depth information regarding your student loans
This process is required for most students who borrow loans. Review the required exit counseling process and get a list of resources to help you successfully repay your student loan debt on our Loan Exit Counseling and Repayment page.
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