Minnesota SELF Loan
Minnesota Student
Educational Loan Fund (SELF) Program
The Minnesota SELF Loan helps students who need assistance in paying for
education beyond high school. Loan eligibility is not based on need. To
be eligible for the SELF program, a student must be a Minnesota resident
who maintains satisfactory academic progress, is enrolled at least half
time in a degree seeking program and is attending an eligible
institution. In addition, the student must have a credit worthy
co-signer and not be delinquent or in default on a SELF or other
outstanding student loans.
Borrowers are required to pay interest quarterly while in school. After
graduating or leaving school the student enters repayment. The interest
rate charged to the borrower changes throughout the life of the loan,
and can change every three months. SELF Loan applicants are required to
complete
SELF Loan Entrance Loan Counseling.
For more information visit the Minnesota Higher Education Coordinating
Board,
www.selfloan.org.
Annual Loan Limit:
Undergraduate $7,500 per grade level
Graduate $9,000 per year
Cumulative Loan Limit:
Undergraduate $37,500
Graduate $55,500 including undergraduate SELF
Other Financing Options Brochure
