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  • SELF Loan
  • Minnesota College Savings Plan
Minnesota Office of Higher Education

Historic SELF Loan Interest Rates

YearPhaseQuarter
1st2nd3rd4th
1988Phase II  8.25%9%
19899.75%10.5%10.25%9.5%
19909.5%9.5%9.5%9.25%
19918.75%7.75%7.5%7.25%
19926.75%5.75%5.5%5.25%
19934.75%4.5%4.5%4.5%
19944.75%4.5%5.5%6%
19956.5%6.5%7%6.75%
19966.75%6.25%6%6%
19975.75%6%6%6%
19986%6%5.75%5.75%
19995.25%5.25%5.75%6%
20006.5%7%7.75%8%
20018.25%7%6.25%6.25%
2002Phase II
Phase III
6.25%
n/a
5%
4.6%
4.25%
4.6%
4.25%
4.5%
2003Phase II
Phase III
4.5%
4.3%
3.25%
4.3%
3%
4.2%
3%
4.1%
2004Phase II
Phase III
3%
4.2%
3%
4.4%
3%
4.6%
3.5%
5.1%
2005Phase II
Phase III
4%
5.6%
4.5%
6.1%
5%
6.6%
5.5%
7.1%
2006Phase II
Phase III & IV
6%
7.5%
6.5%
7.9%
6.75%
7.9%
7%
8.1%
2007Phase II
Phase III & IV
7%
7.7%
7%
7.4%
7%
7.4%
6.5%
7.4%
2008Phase II
Phase III & IV
5.5%
7.0%
5.0%
6.0%
5.0%
5.8%
4.5%
5.9%
2009Phase II
Phase III & IV
3.5%
5.7%
3.0%
4.7%
3.0%
4.3%
2.5%
3.9%
2010Phase II
Phase III, IV & V
2.0%
3.8%
2.0%
3.8%
2.25%
3.9%
2.25%
3.85%
2011Phase II
Phase III, IV & V
2.25%
3.8%
2.25%
3.8%
2.0%
3.8%
2.0%
3.8%
2012Phase II
Phase III, IV & V
2.0%
4.0%
2.0%
4.0%
2.0%
3.5%
2.0%
3.4%
2013Phase II
Phase III, IV & V
2.0%
3.3%
2.0%
3.3%
2.0%
3.3%
2.0%
3.3%
2014Phase II
Phase III, IV & V
2.0%
3.2%
2.0%
3.2%
2.0%
3.2%