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Minnesota State University, Mankato
Minnesota State University, Mankato

Loan Programs

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Minnesota State University, Mankato has several loan options available. These are all low-interest loans which must be repaid.

An educational loan is an investment in your future; it is also a tremendous financial responsibility.  All loans must be paid back, with interest, to the lender.  It is always best to borrow only what you need to meet your educational expenses.  

Loan Overview Videos

Loan Program Videos

Loan Term Videos

Federal Direct Loan

Federal Direct Loans are administered by the Federal Government. 

Federal Perkins Loan 

This loan is funded by the Federal Government and is meant to assist in meeting the cost of attendance at post-secondary institutions.  It is a low-interest, long-term educational loan. 

Other Loan Options

The “Other Loan Options" award is additional loan eligibility beyond the student’s Federal Direct and Perkins Loan awards. These loans require additional steps to secure the funding (e.g., additional applications, credit checks, possible co-signer signatures, and school approval).


In accepting a financial aid award from Minnesota State University, Mankato students should acknowledge certain rights and responsibilities.