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.

Stop: Before applying, check out the benefits of federal loans: 1) no in-school payments for subsidized loans 2) Deferments 3) Forbearances 4) Loan forgiveness 5) Various repayment plans. See federalstudentaid.ed.gov. Don't borrow more than you need. Remember, this isn't free money.

Am I Eligible?

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.

Check If You Are Eligible

Current Rates

SELF Loan
Fixed Interest Rate

6.0%

SELF Loan
Variable Interest Rate*

3.4%*

* As of 10/1/2016. Subject to change quarterly.
View Historic Interest Rates >