If you find that your college expenses exceed your grants, scholarships, work study, federal loans and savings, the SELF Loan Program could be a good option to bridge your remaining tuition gap.
Short for the Minnesota Student Educational Loan Fund Program, SELF 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.
Keep in mind that the SELF Loan is not free money. While the program does offer some benefits over other loans, be sure to borrow only what you need.
Visit the SELF Loan website for more information and start your online application.
SELF Loan picks up where other financial aid leaves off.
SELF Grad Loan
Planning to go to grad school after your bachelor’s? The SELF Grad Loan gives you fixed rates based on your repayment term and whether you have a co-signer — not on your credit score. Choose a 10, 15, or 20-year term, and adding a co-signer can get you an even lower rate. Plus, certain doctorate programs qualify for higher loan amounts, and there’s an optional extension to help during residency.
Visit SELF Grad Loan to learn more and start your online application.
