• Perkins Loan FAQs


    What is a Federal Perkins Loan?

    The Federal Perkins Loan is a student loan that is borrowed directly from Hamline University. The fixed annual interest rate is 5 percent. However, this loan is interest free until repayment begins, which is nine months after you leave school or drop below half-time status.


    How Do I Apply for a Federal Perkins Loan?

    Federal Perkins Loans are awarded to students through their financial aid package. Upon verifying eligibility, you will need to complete the application process and sign your Perkins Master Promissory Note (MPN) online at www.signmyloan.com

    You will receive an e-mail notification from Sign My Loan when your Perkins Loan is available to sign online. This e-mail will contain specific instructions for completing the online process. The e-mail notice will be sent to your preferred e-mail address, which is recorded in Piperline. It is extremely important that you verify this address as it is a critical communication tool in the Perkins Loan process.


    How do I receive my Federal Perkins Loan funds?

    Once you have electronically signed your MPN, your Federal Perkins Loan dollar amount will be applied to your student account on a semester basis for the academic year.

    If you have Federal Perkins Loan eligibility on your award letter and you do NOT want to borrow this loan, please send a written notice to the Office of Financial Aid or e-mail them at finaid@hamline.edu.


    Who is University Accounting Services?

    University Accounting Service (UAS) is a student loan management service. We have a partnership with them to assist in the administration and billing of Federal Perkins student loans. Do not disregard mail from UAS.


    Contact Information

    If you have any questions regarding your Perkins loan, please call 651-523-2020, toll free at 888-211-1829.


    Federal Perkins Loan Links

    Make a payment 

    Set up online access for your account 

    Student Deferment forms 


    Future of the Perkins Loan Program

    Help save the Perkins Loan! If you have benefited from a Federal Perkins Loan, we want to hear from you. Contact COHEAO to write a letter of support to your Senator or Representative and for other information on the future of the program.

  • news

    Cartoon of three figured with megaphone.

    As a liberal arts institution that values civic engagement, Hamline University embraces a diversity of viewpoints and experiences among its students, faculty and alumni. In the wake of the Memorial Day officer-involved killing of George Floyd, Pipers donated, volunteered, marched, and protested. Some have also taken the lead in the media.

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    A number of Juneteenth celebrations will be taking place in and around the Twin Cities. The Hamline community acknowledges the significance of this day, particularly at a time when unity, awareness, and education are essential for change.

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    The U.S. Department of State announced the selection of Professor Betsy Parrish for a six-month virtual English Language Specialist project on developing handbooks for establishing Communities of Practice in Vietnam with the National Foreign Language Project of the Vietnamese Ministry of Education and Training.