In this paper, we propose an integrated optic waveguide device employing a modified Mach-Zehnder interferometer, capable of generating nondegenerate, hyperentangled photon pairs. The geometry enables multiple (eight) type-II phase-matched spontaneous parametric downconversion processes simultaneously, resulting in a biphoton state, which is simultaneously entangled in polarization and spatial modes. Using an electro-optic phase modulator, we show the possibility of altering modal entanglement without affecting polarization entanglement. Such switchable, maximally entangled photon pairs, entangled in multiple degrees of freedom, should be very useful in various on-chip quantum optics experiments and in the implementation of quantum information protocols employing higher dimensional entanglement.