Hugin grew up in Union City, New Jersey. He was the first in his family to attend college, earning a full-scholarship to Princeton University. He earned a Bachelor of Arts degree from Princeton University in 1976. After graduating, Hugin served in the United States Marine Corps as an active duty infantry officer from 1976 to 1983. In 1985, Hugin earned a Master's Degree in Business Administration from the University of Virginia.