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Loans

Federal Stafford Loans

All students who file a FAFSA will be considered for a Stafford Loan. Depending upon a student’s demonstrated financial need, the Stafford Loan may be subsidized (government pays the interest while the student is enrolled at least half-time) or unsubsidized (interest begins to accrue on receipt of the loan). Interest rates are fixed at 4.66% for both subsidized loans and unsubsidized loans. The annual amounts are $5,500 for freshmen, $6,500 for sophomores, and $7,500 for juniors and seniors. Repayment begins six months after the student ceases to be enrolled at least half-time. Independent students can borrow the same loan limits plus an additional $4,000 for freshmen and sophomores and $5,000 for juniors and seniors.

Perkins Loans

Loans are available with no interest charged while the student remains in school at least half-time. Repayment begins nine months after leaving school. Eligibility is determined on the basis of financial need. Interest rates are fixed at 5%.

PLUS Program

Parents may borrow up to the total cost of attendance per year for each of their dependent undergraduate students. Past credit history is used to determine eligibility. Repayment begins within sixty days after the final loan disbursements; there is no grace period for this loan.The interest rate is 7.21%. Contact the Financial Aid Office for more details. HLGU requires the FAFSA be submitted prior to processing a PLUS loan.

NSLDS Loan Information

All borrowers who participate in Title IV, HEA loan programs will have information submitted to the National Student Loan Data System (NSLDS), and will be accessible by guaranty agencies, lenders, and institutions determined to be authorized users of the data system.

Additional Financial Aid Documents
... How To Get Your Loan

The Hannibal-LaGrange University Office of Financial Aid requires certain documentation that you must submit in order to finalize your financial aid. The forms required for each financial aid award shown on your award letter are listed below. These forms must be completed before the financial aid office can process your awards. Below you will find those forms. Please feel free to contact the office if you have trouble downloading these forms or if you have any questions.

In order for the financial aid office to speak with anyone other than the student this form must be submitted.

Information Release form

Verification

If your application was selected for review in a process called "Verification" please read this description:

In this process, we will be comparing information from your application with copies of you and/or your parent(s)’ 2011 Federal Tax Transcripts, or with W-2 forms or other financial documents. If there are differences between your application information and your finan­cial documents, we will make corrections electronically.

Requested tax documents will be communicated through a "Request for Information" letter. If Tax Transcripts are requested, please order online at www.irs.gov.

To process loans


Students:

Parents:

Institutional Loans

Gamm Nursing Loan

This fund provides loans to HLGU nursing students. Loans are not to exceed the cost of tuition, books, and room and board. Interest at a rate of 7% accrues on the unpaid balance after termination of studies at HLG. Apply through the HLGU Financial Aid Office.

(Please contact the Financial Aid Office to inquire about this loan prior to printing off application).

Contact Information

Office of Financial Aid
573-629-3279
573-248-0954

Business Hours

Monday - Thursday
8:00 am - 5:00 pm
Friday
8:00 am - 4:00 pm
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