Interest is charged upon receipt of the loan with repayment of principal beginning six months after graduation, withdrawal from school or enrolling as a less than half-time student. The standard repayment is 10 years, but borrowers can select extended repayment options. The SELF program is a loan program established by the Minnesota Higher Education Coordinating Board. Repayment of interest begins after disbursement and is paid quarterly based upon a variable margin plus an index. Repayment of principal begins 12 months after graduation or on the date the student drops below half-time status.
All students have at least seven years to repay the loan.
Repayment of principal begins six months after graduation, withdrawal from school or enrolling as a less than half-time student. The standard repayment is 10 years, but borrowers can select extended repayment options. Grants Grant assistance is the exception at the graduate level. There are no government grant programs for graduate students. The college offers the following grant opportunities.