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The SELF Grad Loan is a new option for students pursuing a degree beyond a Bachelors. The loan offers fixed rates that are not based on credit score but instead are based on whether the loan has a cosigner and the repayment term chosen. Borrowers can choose between a 10-, 15-, or 20-year repayment term with lower rates offered if a co-signer is added. There are select Doctorate programs that qualify for higher loan limits and an optional Extension period to help during residency.  

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SELF Grad Loan fixed interest rates as of June 2, 2026

Rates with a co-signer

TermRate
10 Year6.00%
15 Year6.45%
20 Year6.95%

Rates without a co-signer

Term Rate
10 Year7.25%
15 Year7.75%
20 Year7.95%
Grad Loan Options

All loan options begin with our “Apply Now” button, and borrowers will be guided to the option that fits their chosen school, grade level, and degree. 

About the SELF Grad Loan
Questions?

Prospective borrowers who have questions about the SELF Grad Loan can contact staff by email, selfloan.ohe@state.mn.us, or by phone, (651) 642-0567 or (800) 657-3866.

Borrowers who have already started an application and have questions on the process should contact Aspire Origination at (888) 902-6057 open from 8-4:30pm central time.