• Student Loan Programs

    To be considered for any Federal Loan, students must complete the Free Application for Federal Student Aid (FAFSA). You can learn more about applying for the FAFSA on our page about How to Apply for Financial Aid. You may also download our Student Loan Code of Conduct.

    To be eligible for all federal loans and some alternative loans for students, you must be enrolled at least half-time per term in a degree-seeking program. To see enrollment definitions and other important loan information such as loan disbursement dates, NSLDS reporting, load deadlines, and counseling requirements, scroll toward the bottom of this page. 

    For All Students

    Federal Direct Subsidized/Unsubsidized (Stafford) Loan
    All eligible students may apply for the Federal Direct Subsidized/Unsubsidized Loan for up to the amount shown on the financial aid award letter. The Office of Financial Aid determines the portion of the loan that the federal government pays interest on while the student is in school (Subsidized Loan).

    Alternative Loan
    Alternative loans are non-federal 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 in order 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 exhaust your eligibility for federal student loans before considering an alternative education loan.

    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%.
    **Please note: as of September 30th, 2017 the Federal Perkins loan program has ended.

    Additional Loans For Undergraduate, Post Baccalaureate, Online Bachelor's Degree Completion, and Teaching License Students Only

    Federal Direct Parent Plus Loan
    Dependent undergraduate students may have a Federal Direct Parent PLUS Loan included in their Hamline award letter. Depending on need, a parent may borrow up to Hamline’s cost of attendance minus any other financial aid that is awarded to the student. The Hamline University award letter indicates the maximum amount a parent may borrow for a student’s education during the coming school year.

    United Methodist Scholarships and Loans
    These United Methodist Funds are only available to undergraduate students who are members of the United Methodist Church.

    Additional Loans For Master, Graduate Certificate, and Doctorate Students Only

    Federal Direct Graduate Plus Loan
    Master and Doctorate students may have a Federal Direct Graduate PLUS loan included in their Hamline award letter. Those students are able to apply for the Federal Direct Graduate PLUS loan in addition to the Federal Direct Unsubsidized loan. Borrowers must apply for their annual loan maximum eligibility under the Federal Direct Unsubsidized loan before applying for the Federal Direct Graduate PLUS Loan. Please keep in mind that this is only available to master and doctorate students, licensure students are NOT eligible.

    When are Loans Credited to Your Account?

    Student loans will be disbursed in two equal payments as long as all of your applications and required paperwork is 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 are borrowing a supplemental education loan from a lender that cannot forward your funds to Hamline via Electronic Funds Transfer (EFT), your loan funds will be mailed via 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 over payment will be processed no later than 14 days after federal aid is disbursed onto your student account.

    Loan Deadline

    Loan applications must be received one week prior to the end of the term for which you are applying.

    National Student Loan Database System (NSLDS) Access and Reporting 

    NSLDS is the U.S. Department of Education's central database for Title IV (federal) student aid. Schools are required to submit enrollment as well as federal grant and 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 on loan and/or grant amounts, outstanding balances, loan statuses, and disbursements. In order to use the NSLDS Student Access website, you will need your FSA ID.  

    Exit Counseling and Repayment

    View your required exit counseling information and get a list of resources to help you manage and successfully repay your student loan debt.  Learn more about Exit Counseling and Repayment.

    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

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

    Master in Law (MSL) - until Fall 2018

    Half-time*: At least 3 credits per semester.
    Full-time: At least 6 credits per semester.


  • Students studying outside Campus Fall

    Finance Your Education

    Resources for new students with an award package.

    View Resources
    Students Anderson Center Computers

    Secure Your Financial Aid

    Step-by-step guide to financing your education.

    View Guide