Online Undergraduate

Our one price tuition and no hidden fees makes this investment simple to understand. All of our programs – Business Management, Criminal Justice, Social Work, and RN to BSN are affordable.

* The Parking fee only applies to in person students on the main HLGU campus.

Federal financial aid is non-institutional financial assistance based on family need which is determined by information reported on the Free Application for Federal Student Aid (FAFSA). Once HLGU receives the results of this analysis, the financial aid office will try to meet your educational costs with various aid programs. Students must complete student loan entrance counseling, a master promissory note (MPN) and an annual student loan acknowledgment prior to obtaining a Federal Direct student loan. The federal government further requires that students complete student loan exit counseling prior to graduating or ceasing to be enrolled at least half-time.

Federal Pell Grants

A federally funded grant program with varied award amounts. Eligibility is determined on the basis of financial need as determined by the FAFSA.

Federal Supplemental Education Opportunity Grant (SEOG)

These federally funded grants are awarded to students with exceptional financial need. Students who have been accepted for admission are given priority. Funds are limited.

Federal Student Direct Loans

All students who file a FAFSA will be considered for a Federal Student Direct Loan. Depending upon a student’s demonstrated financial need, the Federal Student Direct 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 for undergraduate students are fixed at 2.75% for loans first disbursed on or after July 1, 2020 and prior to July 1, 2021. 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.

*More information can be found online at www.studentaid.gov

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 5.30% for loans first disbursed on or after July 1, 2020 and before July 1, 2021. Contact the Financial Aid Office for more information. HLGU requires the FAFSA be submitted prior to processing a PLUS loan.

*More information can be found online at www.studentaid.gov

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, see below.

View Lenders

Missouri Family Education Loan Program

The Missouri Family Education Loan Program (MOFELP) is a private education loan program that is awarded on a first come, first served basis for eligible, qualified borrowers. Annual loan limits are $5,000 with a 0% interest rate. MOFELP has no additional fees; however, borrowers are responsible for a $5 monthly keep-in-touch payment. Below is the general criteria* intended for qualified borrowers:

• Enrolled full time
• Making Satisfactory Academic Progress (SAP)
• EFC of $12,000 or less
• At least 17 years of age
• US Citizen
• Permanent Missouri resident
• Not have a Bachelor’s degree
• At least 21 on ACT or 1500 on SAT; or have an overall cumulative GPA of 2.5 or higher earned at the participating school
• Must receive annual loan limits for Federal Direct Subsidized and Unsubsidized loans
• Not have a conviction for fraud
• Two year credit history (or have a cosigner with two year credit history)

* MOFELP criteria may be subject to change.

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. You can access your information at www.nslds.ed.gov.

To process loans

Students:

• Federal Direct Student Loan Entrance Loan Counseling
• Master Promissory Note
• Annual Student Loan Acknowledgment

Parents:

• Direct Parent PLUS Loan
• Federal PLUS Loan Master Promissory Note for Parents
• Annual Student Loan Acknowledgment

Access Missouri Program

This award is available to Missouri residents attending a participating Missouri college or university. Recipients must be enrolled full-time and have their FAFSA submitted before February 1. Recipients of this award are determined by the state of Missouri. This award can be received for up to 10 semesters and a 2.5 CGPA must be maintained.

2023-24 Financial Aid Forms

• Parent Loan Request Instructions
• Satisfactory Academic Progress Appeal Form
• Satisfactory Academic Progress Policy
• Special Circumstances Form
• Student Promissory Note

Please select one of the Federal Verification Group worksheets below as indicated on your financial aid letter.

• Standard Verification Group
• Custom Verification Group
• Aggregate Verification Group

IRS Tax Return Transcript Request Process

Federal income tax filers chosen for verification (students and parents) who elect not to use the IRS Data Retrieval Process or do not qualify to use the IRS Data Retrieval Process must submit an IRS Tax Transcript to the financial aid office. To request a transcript from the IRS, select one of the following methods. Your Federal income tax return must be accepted by the IRS and you must pay your IRS tax liability, if applicable, before you can request a transcript.

Get Transcript Online:

1. Go to www.irs.gov/transcripts
2. Click on the “Get Transcript Online” box.
3. Log in or create an account.
4. Enter all requested information. Be sure to use the address currently on file with the IRS.
5. A PDF of the requested document will be presented online for saving or printing.

Get Transcript By Mail:

1. Go to www.irs.gov/transcripts
2. Click on the “Get Transcript by Mail” box.
3. Enter information for all required fields.
4. Be sure to use the address currently on file with the IRS.
5. If successful, tax transcripts will be received by the requester within 10 business days.

IRS form 4506-T or 4506-T-EZ:

1. Go to www.irs.gov
2. Choose “Forms and Instructions”.
3. Choose 4506-T Form.
4. Fill out all required fields.
5. Print form and follow the “General Instructions” section at bottom of the form to submit.

Income Verification Express Service:

• 1-800-908-9946

*The IRS now redacts sensitive information from the Tax Return Transcripts including but not limited to:

• Last 4 digits of any SSN listed.
• First 4 characters of the last name of any individual.
• First 6 characters of the street address, including spaces.

Due to this change it is imperative that the student/parent communicate with the Financial Aid Office at Hannibal-LaGrange University which student the tax return transcript is being provided for.

** If you are unable to obtain the required Federal Tax Return Transcript(s) by using one of the above methods you will need to contact the IRS at 800-829-1040 or visit your local Internal Revenue Service Office to obtain a copy.

Process for Non-Tax Filers Selected for Verification

Students and parents who are not required to file a Federal income tax return must submit copies of their W-2 forms to confirm income earned from work. If no income was earned, please check the appropriate box on the front of this worksheet.

*Documentation of non-filing is required. You can request that documentation at www.irs.gov. You will need to provide us with a Verification of Non-filing letter.