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State Assistance

SELF Program: Minnesota Student Educational Loan Fund

The Minnesota Office of Higher Education administers the Student Educational Loan Fund (SELF), which helps students pay for their higher education. Students must be enrolled at least half-time and must have a credit-worthy co-signer to qualify for a SELF loan. Borrowers pay only the interest on SELF loans while in school. Graduate students in the Master’s or Doctorate degree programs may borrow up to $20,000 per year (2020-2021). Students in the Tuina Certificate program may borrow up to $7,500 per year (2020-2021). Borrowers may choose either a fixed or variable interest rate on their loan. The 2020 variable interest rate is 3.9%, while the fixed interest rate is 5.75%. Repayment of the principal begins after graduation, and there are a number of repayment plans available. In the case of a withdrawal from school, refunds to the SELF Program are based on the Financial Aid Manual/SELF Loan Program, Section III, Appendix 10 of the Minnesota State Grant Program and on AAHW’s refund policy. Students should consult with the Financial Aid Administrator for more information about the SELF loan program, click here to download the Self Loan fact sheet