SELF Loan

Eligibility


Undergraduates who are Minnesota Residents

Credit-worthy co-signer required. 

Students must have a valid Free Application for Federal Student Aid (FAFSA) on file with the UW-Stout Financial Aid Office for the current award year before this loan can be pursued. 

Terms and Conditions


Interest Rate

Awards

  • Awards up to $10,000, per grade level, per year for undergraduate and graduate students.
  • A cumulative maximum of $50,000 for undergraduate loans, and up to $70, 000 for undergraduate and graduate (combined) loans.
  • SELF Loan funding must also fit within the student's cost of attendance (COA) budget, minus any financial aid awarded, for the academic year.

Repayment

  • Borrowers are required to make interest payments on a quarterly basis while currently enrolled. Interest payments being within 90 days from the first disbursement.
  • Monthly repayment after borrower graduates or leaves school.