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Unlock Your Potential with Affordable Student Loans Mission of the Fund The Minnesota Knights of Columbus Student Loan Fund is a 501c3 nonprofit corporation founded in 1959 by the MN KCs to provide lowcost student loans to members and their immediate family pursuing postsecondary education. It has grown over time through the generous contributions of individual Brother Knights and the modest interest it earns. The Fund is governed by a voluntary Board of Directors comprised of Minnesota Knights in good standing. 2025 Minnesota KC Student Loan Fund.