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.
NOTE: The Minnesota Office of Higher Education requests comments on its amendments to rules governing the Higher Education Financial Assistance and Supplemental Student Loans program. Refer to www.ohe.state.mn.us for more information.
You may be eligible if you are a Minnesota resident attending a participating college nationwide or if you are a Minnesota resident or nonresident attending a college in Minnesota.