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Criteria

In order to qualify…

  • Students must:
    • Be currently registered for a minimum of 1 credit
    • Illustrate an unexpected financial emergency which affects his/her ability to function as a student
    • Have verifiable means of repayment
      • Tax returns and money from friends or relatives will not be considered as verifiable income
  • Students cannot:
    • Have hold on record with the University of Minnesota
    • Have an outstanding SELFund loan
    • Be in collection status with the UMM or have 3+ outstanding collections
  • Non-degree seeking and first-year students must wait until after the class drop period has passed to be eligible for a loan.
  • Credit History must meet basic SELFund requirements