Educate yourSELF with a Minnesota SELF Loan

Historic SELF Loan Interest Rates

Historic Rates by Year
Year Phase Quarter
  1st 2nd 3rd 4th
2021 Phase II
Phase III, IV & V
2.0%
2.2%
2.0%
2.2%
2.0%
2.2%

2.0%
2.1%
*2020 Phase II
Phase III, IV & V
3.5%
3.9%
3.0%
3.5%
2.25%
2.6%
2.0%
2.3%
*All interest rates were 0% from 3-13-20 through 9-30-20 due to COVID-19
2019 Phase II
Phase III, IV & V
4.5%
4.6%
4.5%
4.7%
4.25%
4.5%
4.0%
4.2%
2018 Phase II
Phase III, IV & V
3.25%
3.8%
3.5%
3.9%
4.0%
4.3%
4.0%
4.3%
2017 Phase II
Phase III, IV & V
2.5%
3.5%
2.5%
3.5%
3.0%
3.6%
3.0%
3.7%
2016 Phase II
Phase III, IV & V
2.25%
3.4%
2.25%
3.4%
2.25%
3.4%
2.25%
3.4%
2015 Phase II
Phase III, IV & V
2.0%
3.2%
2.0%
3.3%
2.0%
3.3%
2.0%
3.3%
2014 Phase II
Phase III, IV & V
2.0%
3.2%
2.0%
3.2%
2.0%
3.2%
2.0%
3.2%
2013 Phase II
Phase III, IV & V
2.0%
3.3%
2.0%
3.3%
2.0%
3.3%
2.0%
3.3%
2012 Phase II
Phase III, IV & V
2.0%
4.0%
2.0%
4.0%
2.0%
3.5%
2.0%
3.4%
2011 Phase II
Phase III, IV & V
2.25%
3.8%
2.25%
3.8%
2.0%
3.8%
2.0%
3.8%
2010 Phase II
Phase III, IV & V
2.0%
3.8%
2.0%
3.8%
2.25%
3.9%
2.25%
3.85%
2009 Phase II
Phase III & IV
3.5%
5.7%
3.0%
4.7%
3.0%
4.3%
2.5%
3.9%
2008 Phase II
Phase III & IV
5.5%
7.0%
5.0%
6.0%
5.0%
5.8%
4.5%
5.9%
2007 Phase II
Phase III & IV
7%
7.7%
7%
7.4%
7%
7.4%
6.5%
7.4%
2006 Phase II
Phase III & IV
6%
7.5%
6.5%
7.9%
6.75%
7.9%
7%
8.1%
2005 Phase II
Phase III
4%
5.6%
4.5%
6.1%
5%
6.6%
5.5%
7.1%
2004 Phase II
Phase III
3%
4.2%
3%
4.4%
3%
4.6%
3.5%
5.1%
2003 Phase II
Phase III
4.5%
4.3%
3.25%
4.3%
3%
4.2%
3%
4.1%
2002 Phase II
Phase III
6.25%
n/a
5%
4.6%
4.25%
4.6%
4.25%
4.5%
2001 Phase II 8.25% 7% 6.25% 6.25%
2000 Phase II 6.5% 7% 7.75% 8%
1999 Phase II 5.25% 5.25% 5.75% 6%
1998 Phase II 6% 6% 5.75% 5.75%
1997 Phase II 5.75% 6% 6% 6%
1996 Phase II 6.75% 6.25% 6% 6%
1995 Phase II 6.5% 6.5% 7% 6.75%
1994 Phase II 4.75% 4.5% 5.5% 6%
1993 Phase II 4.75% 4.5% 4.5% 4.5%
1992 Phase II 6.75% 5.75% 5.5% 5.25%
1991 Phase II 8.75% 7.75% 7.5% 7.25%
1990 Phase II 9.5% 9.5% 9.5% 9.25%
1989 Phase II 9.75% 10.5% 10.25% 9.5%
1988 Phase II     8.25% 9%