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SELF Loan Program February 2012 FINANCIAL AID MANUAL SECTION NUMBER PAGE Section I DATE i SELF Loan Program February 2012 Section I I. SELF Loan Program .

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The SELF Loan is serviced by Firstmark Services and is not a Federal loan and is not included in the Federal government's forgiveness package.

The SELF Loan is serviced by Firstmark Services and is not a Federal loan and is not included in the Federal government's forgiveness package. Please refer to the studentaid.gov website for additional information.

The fixed rate is 6.35% and will not change over the life of the loan. SELF VI variable rate is currently 6.0% and can change quarterly—every three months. The interest rate is the sum of the margin (currently 2.5%) added to the index, which is based on the 3-month term Secured Overnight Financing Rate (SOFR).

The fixed rate will not change over the life of the loan. The current SELF VI interest rates (effective January 1, 2023) are: Variable: 6.0% Fixed: 6.35%

SELF is funded by revenue bonds, rather than through the state or federal government. Because of that, borrowers must have a creditworthy co-signer on their loan. They must make minimum payments on the loan while in school.

To get an independent student loan, you'll need to provide financial information for only yourself on the FAFSA form. This is the best way to get a student loan without a parent. You'll need the following documents when filling out the form as an independent student: Social Security card.

As you pay down the principal balance, less of your monthly payment will go toward interest. Keep in mind that some private loans carry a variable rate, so the daily interest rate may fluctuate over the life of the loan.

SELF VI variable rate is currently 6.0% and can change quarterly—every three months.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232