Minnesota SELF Loan Administration

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SELF Loan Administration

The Minnesota Student Educational Loan Fund (SELF) Program helps students who need assistance in paying for education beyond high school. The SELF Program is a long-term, low-interest educational loan available from the Office of Higher Education. The program is distinctive to Minnesota, and the Office of Higher Education is the only lender in the program.

Students can learn more about the program, apply online, and complete their SELF counseling at www.selfloan.org

Program Overview

The SELF program does not receive state appropriations. Funding for SELF Loans is obtained through the issuance of revenue bonds. The revenue bonds are repaid from interest earnings.

Before applying for a SELF Loan, students are required to seek other sources of federal, state, institutional, and private aid for which they may be eligible.

Undergraduate students may borrow up to $7,500 per year (a maximum SELF total of $37,500). The minimum loan size is $500.

Graduate students may borrow up to $9,000 per year and can't exceed $55,500 in SELF Loans, including his or her undergraduate SELF debt.