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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 4.29% 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.

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 6.84%. Contact the office of financial aid for more information. HLGU requires the FAFSA be submitted prior to processing a PLUS loan.

Alternative (Private) Education Loans

Alternative loans are funded by banks, credit unions and other private lending institutions. Students who need additional funds to pay educational costs, and who have exhausted their federal direct loan eligibility and other funding resources, may consider borrowing an alternative (private) education loan. This option should be carefully considered. You are not required to select a lender from the link below. You are free to choose any lender and loan product you feel best suits your needs.

To view a list of lenders we selected for comparison click here.

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.

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 HLGU. Apply through the HLGU Financial Aid Office.

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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