by our College Data Analytics TeamMost students will never be charged the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to Hamline University can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financial assistance options will Hamline offer, and what will you qualify for? Read on for more information. Keep scrolling to find out just how much financial aid will be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Hamline University.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
At Hamline University, 100% of entering full-time freshmen got some type of financial assistance (about 395 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $35,851 |
| Institutional grants & scholarships | 100% | $29,251 |
| Federal Pell grants | 46% | $5,499 |
| State/local grants | 59% | $6,605 |
| Federal student loans | 63% | $5,575 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, approximately 96% of undergraduates were awarded grant or scholarship aid averaging $32,417 (across roughly 1650 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 96% | $32,417 |
| Federal Pell grants | 41% | $5,604 |
| Federal student loans | 58% | $6,567 |
For on-campus title-IV students, average grant aid came to $37,366.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $16,999 |
| $30,001 – $75,000 | $17,893 |
| Over $75,000 | $26,116 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $20,744 |
| Off-campus title-IV students | $21,385 |
To get a personalized net price estimate, try Hamline’s net price tool: www.hamline.edu/admission-aid/financial-aid/tuition-fees/net-price-calculator.
The median student at Hamline graduates with $15,750 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,750 |
| Median federal debt (graduates only) | $23,770 |
| Typical 10-year monthly payment (graduates) | $252.0/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at Hamline.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,088 |
| 25th percentile | $7,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $35,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $16,125 |
| Middle income | $14,250 |
| High income | $16,063 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,250 |
| Continuing-generation students | $17,725 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,750 |
| Independent students | $17,375 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Hamline.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at Hamline:
| Metric | Value |
|---|---|
| Stafford loan recipients | 15903 |
| Total Stafford loan amount | $457,264,643 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 42 |
| Total GI Bill amount | $640,814 |
| Average GI Bill amount per recipient | $15,257 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 14 |
| Total DoD amount | $57,250 |
| Average DoD amount per recipient | $4,089 |
References
More about our data sources and methodologies.