About SELF Refi

The SELF Refi is a new student loan refinancing program administered by the Minnesota Office of Higher Education, a state agency. The program is available to Minnesota residents who completed a postsecondary course of study and meet the credit criteria. SELF Refi could reduce the amount of interest you pay and/or provide a more manageable monthly payment amount. This program is available for qualifying loans where the student is the borrower. Parent PLUS loans are not eligible.

Am I Eligible?

You may be eligible if you are a Minnesota resident who completed a certificate, diploma, associate, bachelor's or graduate degree.

Borrowers: Check If You Are Eligible

Co-signers: Check If You Are Eligible

Current Rates

Fixed Interest Rate*

5yr / 4.50%

10yr / 5.75%

15yr / 6.95%

*SELF Refi Fixed rates are decreasing for applications started on or after October 1:

5-year 4.25%

10-year 5.50%

15-year 6.75%

Variable Interest Rate**

5yr / 3.20%

10yr / 3.85%

15yr / 4.55%

**As of 7/1/2016. Subject to change quarterly.