Financial Aid

Image4BFederal Direct Student Loans

General Information and How to Apply

Applying for your Federal loans is quick and easy. Students need to log-in to using their information and FSA ID and Password.  Two items are required to complete the loan process:

  1. You must complete an online Entrance Counseling, demonstrating your understanding of the federal loan process, including repayment terms. This process will take 20-30 minutes to complete. 

  2. After you successfully complete online Entrance Counseling, you will need to complete a Direct Loan Master Promissory Note (MPN); this is your agreement with the government and allows the University to process your loans.

**If you do not use the Full Name, Social Security Number and Date of Birth that are on file with HPU (such as through your Admissions Records, or FAFSA), your Entrance Counseling information may be delayed or not updated. Please use your full, legal name if that is what you have already provided the University.


Federal Stafford Loan Limits (effective July 1, 2008)

Annual Loan Limits (July 1 - June 30 each award year)

Dependent Students


$5,500 - with no more than $3,500 as a subsidized loan


$6,500 - with no more than $4,500 as a subsidized loan


$7,500 - with no more than $5,500 as a subsidized loan

Independent Students (subsidized amounts are maximums; totals vary by individual student).




















For more information on the Stafford Loan Program please read the Federal Student Aid Student Guide, visit or

Interest Rates

Interest rates for Federal Direct Loans are currently FIXED based loans. Subsidized and unsubsidized student loans are capped at 8.25%.  To see current interest rates, please click here.

Important Information About Loan Disbursement:

  • Financial Aid Disbursement – Financial aid funds are disbursed 5 days prior to the start of the semester.  All financial aid requirements must be completed at the time of disbursement and on the first day of classes in order to remain eligible for funds. Late applicants will be processed as completed and may not have their accounts paid and funds disbursed with the first disbursements.  If you are late in completing your financial aid award requirements, disbursement of your financial aid will also be late.  You must come prepared to meet your financial obligations if your funds are not disbursed in a timely manner.  If you plan to live off campus, please plan accordingly to have sufficient funding to pay for your housing deposit, first month’s rent, and living expenses as financial aid refunds are allowed to be paid up to 14 days after the first day of classes or when the disbursement occured (whichever is later).
  • Financial Aid Refunds – Your financial aid funding will be used first to pay your tuition and other applicable charges.  If any excess funds remain after your outstanding balance(s) has been cleared, a refund amount will be calculated.  If the excess is from a Federal Direct Student loan, the refund will be refunded to you by check and sent to the mailing address in Pipeline.  Refund checks should be received approximately 10 business days after the refund appears on your student account.

           For more information on refunds, click here to visit the Business Office Financial Aid Refund Process page.