SELF Loan is a student loan administered by the Minnesota Office of Higher Education, a state agency, and is unique to Minnesota.
Why choose SELF Loan? Eligibility Our rates are not based on credit scores, and you’ll SELF Loan is a student loan available know what the rates are before applying. Plus, low to Minnesota residents attending monthly payments while you’re in school help you any eligible institution and stay on top of your loan balance and start building residents physically attending eligible credit. institutions in Minnesota.
Your Choice Loan Limits: You can choose either a fixed or variable rate. Based on the educational Variable rates can change every three months. program you choose to enroll in, You also have the choice of a 10, 15, or 20-year the maximum annual limits are repayment term. $3,500, $20,000, or $40,000.
Applying For The Minnesota SELF Loan
Applicants must read and acknowledge the required SELF Loan Guidance Statement before starting your application.
Once reviewed, you’ll be directed to the application. It takes about 15 minutes to complete. We recommend reviewing the SELF Loan Application Instructions to help you prepare.
Please Note: Due to state regulations, SELF Loans are not available to borrowers or co-signers who reside in Colorado, Connecticut, Maine, or Puerto Rico.