If you are a Minnesota resident, the SELF loan may be a good alternative loan option if you need additional funds to cover your college costs. Under this loan program, a credit-worthy co-signer is required, and you must be prepared to make quarterly interest payments. Average processing time is 4 - 6 weeks.
To apply for SELF Loan, you must first have completed a FAFSA, be enrolled at least half-time, and be making Satisfactory Academic Progress.
You can learn more about the MN SELF Loan, review the current interest rates, and access the loan application at the MN Office of Higher Education
You must complete the entrance counseling questionnaire first on the SELF Loan website. Once you have completed the counseling, the application will be available for you to fill out.