SELF Loan

About SELF Loan

The SELF Loan is a long-term, low-interest student loan. Because the SELF Loan is administered by the Minnesota Office of Higher Education, a state agency, the interest rates may be lower than private loans and some federal loans. With the SELF Loan, you know before you apply what your interest rate is. Rates are the same for everyone and are not based on credit scores like most private loans.



Watch our 30 second video about SELF Loan!


Get the Facts About SELF Loan

  • Available to Minnesota residents attending any eligible institution and nonresidents attending eligible institutions in Minnesota
  • NO Application, Processing, OR Guarantee fees
  • Minimum Loan amount is $500 with a maximum amount of $20,000, $7,500 or $3,500 depending on the program
  • SELF Loan is NOT free money, don’t borrow more than you need
  • More information about federal student loans is available at
    http://studentaid.ed.gov/sa
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