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| SELF Loan Need Based: No Per Year Maximum: Students may borrow up to $7,500 per academic year, a student may not borrow more than the cost of attendance less any other financial aid received. Cumulative Maximum: $37,500 (undergraduate) Origination Fee: None Interest Rate: Currently 7.7%. The interest rate is variable. Historical average is 7.9%. Repayment: Interest payments must be made while in school and during a transition period, which can last for up to three years after the student leaves school. At the end of the transition period the student enters repayment of principal and interest. Who is Eligible: All students who have remaining costs to cover after all other aid is considered, and who can secure a credit-worthy co-signer, may apply for the SELF Loan. The SELF Loan is available to any student attending a Minnesota post-secondary institution, and to all Minnesota students attending out-of-state institutions that participate in the SELF Loan program. How to Apply: You may apply online at www.selfloan.org or paper applications are available by contacting the Financial Aid office. A credit-worthy co-signer is required and their signature must be notarized. First-Time Borrower: The first-time borrower will be required to complete an online Entrance Counseling Session before funds can be disbursed. |
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| Student Portal at MyFinancialAid.cord.edu |
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| School Code: 002346 | ||
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