Backed by Minnesota. Built for Your Success.

Minnesota’s trusted student loan program, the SELF Loan offers long-term, low-interest options to help students pay for college. When grants, scholarships, and federal aid don’t cover the full cost, the SELF Loan helps close the gap.
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Sections
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A Trusted State Program
Since 1988, the SELF Loan has been administered by the Minnesota Office of Higher Education, a trusted state agency that helps make college possible for all Minnesotans.
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Committed to Your Success
Success Coaching sets the SELF Loan program apart by offering free, one-on-one support beyond financing. First-year borrowers are matched with a coach who provides motivation, goal-setting support, and guidance to build lifelong skills for success.
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Flexibility and Control
Designed to support you from enrollment through graduation and beyond, the SELF Loan offers flexible repayment terms that let you choose a competitive fixed or variable interest rate that fits your needs.
FAQ

SELF Loan Interest Rates

Fixed
Variable

10-Year Term: 5.95% 
(5.69% APR)

10-Year Term: 6.30% 
(6.00% APR)

15-Year Term: 6.20% 
(5.96% APR)

15-Year Term: 6.55% 
(6.28% APR)

20-Year Term: 6.45% 
(6.22% APR)

20-Year Term: 6.80% 
(6.54% APR)

Current rates as of April 1, 2025. 
*Variable rates are subject to change quarterly.

More about interest rates

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SELF Loan Info Sheet