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.
