Loan Programs

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.  

Federal Stafford Loan
Federal Stafford Loans are part of the Federal Family Educational Loan Program (FFEL).  

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. 

Federal PLUS (Parent Loan for Undergraduate Students) 
The Federal PLUS Loan Program provides loans to parents of dependent students attending post-secondary schools.  All loan funds received under the program must be used to pay for the cost of attending a post-secondary school. 

SELF (Student Educational Loan Fund) 
The Student Educational Loan Fund (SELF) was established to help students pay for their education beyond high school.  The SELF program is administered by the Minnesota Higher Education Services Office. 

Alternative Loans (Other Loan Options)
Privately funded educational loans

 

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