P.O. Box 82522
Lincoln, NE 68501-2522
The SELF Loan is a variable rate loan available through the State of Minnesota, on which interest accrues during the “In-School Period.” Quarterly interest payments are required during the "In-School Period."
The SELF Loan is always in repayment. There is no “grace period,” and no deferment of payment is available. Quarterly payment (interest only) begins 90 days after disbursement and continues as long as you are properly enrolled. At termination of study, monthly payment (interest only) begins and continues for up to 12 months. On the 13th month out of school, you have a choice of two repayment plans:
Use the SELF Repayment Calculator to estimate your monthly payment. You may also contact Firstmark Services for an estimate.