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 Direct Loans are administered by the Federal Government.
The “Other Loan Options" award is additional loan eligibility beyond the student’s Federal Direct awards. These loans require additional steps to secure the funding (e.g., additional applications, credit checks, possible co-signer signatures, and school approval).
In accepting a financial aid award from Minnesota State University, Mankato students should acknowledge certain Student Rights and Responsibilities.