Minnesota Office of Higher Education SELF Loan Program
A Student Education Loan Fund (SELF Loan) is a low-interest, variable-rate loan established by the state of Minnesota to help students pay for their education. The program is intended to help students who are ineligible to borrow under federal loan programs or who need to borrow more than the annual federal limits. You need not be a Minnesota resident to apply. A credit-worthy co-signer is required.
The maximum annual loan limit is $7500. The cumulative maximum for the program is $37,500.
First-time borrowers of state SELF Loan funds must complete entrance loan counseling. This requirement can easily be completed online when you apply for the loan. For more information regarding current interest rates and to apply click here.
SELF Loan borrowers who withdraw from the university, drop to less than half-time status or graduate also must complete exit counseling. You will be notified by the Financial Aid Office when this is required.
