Exit Counseling and Repayment

Exit Counseling is required of all students who borrow Federal loans and are no longer enrolled or enrolled below half-time status. In addition it is required from all students who receive a TEACH Grant and are no longer enrolled.

• Federal Direct Subsidized/Unsubsidized and Grad PLUS Loan Exit Counseling 
• Teach Grant Exit Counseling
• Federal Perkins Loan Exit Counseling - Once this is complete, the information will be electronically sent to Hamline's Office of Financial Aid. If you have any questions about this process or your financial aid, please contact us at 651-523-3000 or finaid@hamline.edu.
• Repaying Your Student Loans– This document produced by the U.S. Department of Education offers excellent information about the Exit Counseling process and information on repaying student loans.  
• Consolidation Information – This site offers guidance and advice on consolidation options and instructions on how to complete the process.

Tools for Successful Student Loan Repayment

Your loan provider(s) will contact you regarding repayment. Hamline has compiled a list of excellent resources designed to help you manage and successfully repay your student loan debt:

• Financial Awareness Counseling – This interactive site from the U.S. Department of Education provides tools and information to help you understand your financial aid and assist you in managing your finances.
•  StudentAid.gov is the U.S. Department of Education's central database for student aid. This site can help you keep track of all the federal financial aid you have received in your lifetime, and manage your student loans.
• Repayment Plans & Calculators – The U.S. Department of Education offers information and calculators about the different loan repayment options that are available to you.

Enrollment Status

UNDERGRADUATE, POST BACCALAUREATE, ONLINE BACHELOR'S DEGREE COMPLETION, AND TEACHING LICENSURE

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.

MASTER, GRADUATE CERTIFICATES, AND DOCTORATE PROGRAMS

Half-time*: At least 4 credits per semester.
Full-time: At least 8 credits per semester.