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.
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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, $10,000 or $3,500 depending on the program
SELF Loan is NOT free money, don’t borrow more than you need