COVID-19 UPDATE

The Minnesota Office of Higher Education (OHE) is offering COVID-19 payment relief options.

  • 0% interest rate
    • All SELF and SELF Refi Loans have a 0% interest rate for March 13, 2020 through September 30, 2020. No action is needed to obtain this rate.
    • New loans will have the temporary COVID -19 rate of 0% through September 30, 2020 and will return to posted rates on October 1, 2020. Disclosures will reflect the July 1, 2020 posted rates. 
  • Six-month forbearances
    • Special six-month COVID-19 forbearances are available upon request for SELF and SELF Refi Loans serviced by Firstmark Services.  Request a COVID-19 forbearance by logging into your Firstmark account at FirstmarkServices.com.
    • COVID-19 forbearance must be requested by September 30, 2020. 
    • COVID-19 forbearances are not available for loans with first disbursement dates after June 30, 2020.

If you have a question about an application in process please contact our servicer Firstmark Services. Contact information is available in the following link: www.firstmarkservices.com. If you have a question for OHE please e-mail your question to selfloan.ohe@state.mn.us and we will respond within 1-3 business days.


About SELF Refi

The SELF Refi is a 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.


Current Rates

SELF Refi
Fixed Interest Rate

5yr / 3.80%

10yr / 4.55%

15yr / 5.30%

SELF Refi
Variable Interest Rate*

5yr / 2.80%

10yr / 3.45%

15yr / 4.15%

*As of 7/1/2020. Subject to change quarterly.
  Refer to COVID-19 Update