The loans are variable interest loans and require a credit check by the servicer. To apply, complete the Free Application for Federal Student Aid and the separate PLUS application form available at the Financial Aid Office. Students are required to apply for the Unsubsidized Direct Loan before their parents apply for the PLUS Loan. The State of Minnesota has implemented the variable interest SELF Loan for students from any state who enroll in a Minnesota higher education institution. A student may utilize this loan to assist with the student and parent contribution resulting from the need analysis.
Interest is variable and is paid quarterly by the student.
A credit check of the cosigner is conducted by the program. To receive a SELF Loan, you must apply for other financial aid first. A separate SELF Loan application form is also required. A student must successfully complete 67 percent of the total course work attempted at Bemidji State University. This standard establishes the maximum number of credits allowed to complete a program of study and still receive financial aid.