One loan. One payment. It's possible with MHESLA's Michigan Advantage Consolidation (MAC) student loan program. MAC offers interest rate savings to MHESLA's Federal Consolidation Loan borrowers who consolidate $7,500 or more in eligible federal student loans. First, we payoff your current student loans and then we consolidate them into one manageable, simple interest loan. Because a MAC loan can be repaid over a longer period of time, monthly payments can be lower.

CAUTION AGAINST LOSING YOUR 0% INTEREST RATE

Before consolidating Michigan Students First (MSF)/Michigan Engineering Incentive (MEI) loans, you should carefully compare the benefit of consolidation versus the MSF/MEI benefits that would be lost. It may be more beneficial for you not to consolidate your MSF/MEI loans. Click here to view our new Michigan Students First (MSF) "Spotlight" newsletter for more information.

BORROWERS SAVE MONEY AND TIME!

HELP IS HERE

Consolidation examples and information can help you determine if consolidation is best for you. For answers to some common questions, please see our Questions and Answers page. Our Borrower Interest Savings Comparison Chart provides information on potential savings if you are considering consolidating your student loans.

TWO WAYS TO APPLY:

The MAC student loan program is available for loans fully disbursed between March 1, 2005 and April 17, 2008.

MHESLA helps people gain access to higher education by lowering the costs of borrowing. As a leading source of educational financing, MHESLA provides innovative programs and approaches that inform, educate and enable borrowers.

*All borrower benefits are subject to available funding.