Meeting your student loan obligations is one of
the most important things you can do to maintain good financial health. Learn
about some of the tools available while in repayment, options for postponing repayment, and consequences of not repaying your loans.
• MGA Web Advisor
Provides loan account information for borrowers that have entered repayment with loans guaranteed by the Michigan Guaranty Agency. More >
• Repayment Options
You may choose from several repayment options including standard, extended, or income-sensitive. Find the one that best fits your situation.
The MI-LOAN Program encourages borrowers to take control of their
student loan indebtedness through responsible loan repayment. Loan
forbearance also makes it possible for borrowers to remain in good
standing while postponing payments.
• Consequences
of Default
Avoid the consequences of default! Learn just a few of the consequences of not repaying your loan obligations.
• Consequences
of Bankruptcy
Bankruptcy
will affect almost every part of your financial life. Learn how
bankruptcy will affect your student loans and future loan eligibility.
• MGA
Ombudsman
The Michigan Guaranty Agency*s Ombudsman conducts informal
fact-finding investigations about complaints related to student loans
guaranteed by MGA. MGA's Ombudsman considers the concerns, positions, and interests of
all parties in an objective manner, and does not take sides with any
person or group.