Student Loans

Know your loans

How much will you owe after graduation?
 
What types of loans do you have and how many?

• Federally backed or private- different options, terms, and assistance are available depending on the type

What are the terms?

• Interest rates
• Length of payback periods
• Restrictive or cost-inflicting rules
• When to start paying?
   

Identify your most valuable resources

If you are unsure of your loan information, visit the financial aid office (located in East Hall or www.hamline.edu/fa) for a summary and explanation of the details of you specific situation.

•  You can also view your loans on Piperline (Financial aid services>loan application history)
•  Login and learn to navigate websites of your student loan providers
•  Ask alumni and other recent graduates about their experiences
•  Money Revolution is here to help!
   

Create a proactive game plan before graduating

What will an affordable monthly payment be?

• Learn what other expenses to expect after college

 Based on a given monthly payment:

• How long will it take to pay off your loans?
• How much will you be paying in total interest?
• Can you afford to pay extra in order to pay them off faster?