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Financial Aid - Loans
Student loans can be an important source of funds to a college student. Different loans have different requirements and benefits.
Available loans include:
Federal PerkinsFederal Perkins Loan are low-interest (5 percent) loans for both undergraduate and graduate students with exceptional financial need.
Federal Stafford LoanStafford Loans are either subsidized or unsubsidized. You may receive a subsidized loan and an unsubsidized loan for the same enrollment period.
MN SELF LoanA Minnesota Student Educational Loan Fund (SELF) is a variable rate loan through the State of Minnesota requiring a credit worthy co-signer.
PLUS LoanPLUS Loans (Parent Loans) are loans that a parent borrows to help their child pay for educational expenses. Borrower must have an acceptable credit history. Students whose parent has been denied a PLUS may be eligible to receive additional Stafford loan.Alternative student loans may be used to supplement federal student loans, grants and other forms of financial aid not sufficient to cover the full cost of education. These loans are made to students or parents by lending institutions. Funds may be used for any education related expense.
