Minnesota SF1700 establishes a low-interest student loan program for eligible students attending Minnesota postsecondary institutions.

Minnesota SF1700 creates the Higher Education Loan Program (HELP) to offer low-interest loans to eligible students attending public or not-for-profit postsecondary institutions in Minnesota. The program sets a fixed interest rate not exceeding three percent, with annual loan limits of $5,000 and a cumulative limit of $20,000 per student. Eligibility requires students to be Minnesota residents, attend eligible institutions, and have a household income at or below 300 percent of federal poverty guidelines.

Minnesota SF1700 establishes a low-interest student loan program for eligible students attending Minnesota postsecondary institutions.

Minnesota SF1700 creates the Higher Education Loan Program (HELP) to offer low-interest loans to eligible students attending public or not-for-profit postsecondary institutions in Minnesota. The program sets a fixed interest rate not exceeding three percent, with annual loan limits of $5,000 and a cumulative limit of $20,000 per student. Eligibility requires students to be Minnesota residents, attend eligible institutions, and have a household income at or below 300 percent of federal poverty guidelines.