SELF VI
Fixed Rate
6.35%
Variable Rate*
7.90%*
*As of 10-01-2023. Subject to change quarterly.
The SELF Loan is a long-term, low-interest student loan. Because the SELF Loan is administered by the Minnesota Office of Higher Education, a state agency, the interest rates may be lower than private loans and some federal loans. With the SELF Loan, you know before you apply what your interest rate is. Rates are the same for everyone and are not based on credit scores like most private loans.
SELF Student Success offers first-year undergraduate SELF Loan customers free coaching services to support their unique educational journey. Here’s how Success Coaches empower you to succeed:
Personalized support: Success Coaches work with you to identify your unique goals and develop an individualized plan to achieve them. This can be incredibly valuable for students who may be feeling overwhelmed or unsure about their next steps.
Accountability and motivation: It can be easy to lose motivation when working towards a long-term goal like earning a certificate, diploma or degree. Success Coaches provide you with ongoing accountability and support, helping you stay motivated and focused throughout the academic term.
Access to resources: As a new undergraduate student, you may be unaware of the resources available to you on campus and in your community. Your Success Coach will help you locate and access these resources, which can include tutoring services, study groups, and more.
Incentives for success: Finally, enjoy rewards for meeting with your Success Coach and showing your commitment. These rewards include digital gift cards and a credit towards your loan balance, providing an extra boost of motivation to stay on track and achieve your academic goals.
To learn more about eligibility and getting started, visit the Student Success Coaching Page
Watch our 30 second video about SELF Loan!