Effective June 30, 2010, student loans with the Michigan Higher Education Student Loan Authority (MHESLA) will no longer become eligible for an interest rate subsidy from MHESLA. If a borrower's qualifying payment is due on or before July 31, 2010, by making this payment on or before June 30, 2010, the loan may still qualify for the reduced interest rate benefit (all future payments must be made on time).

Prompt Pay Savings (loans made in 1997-2002)

Michigan Students First (loans made in 2003-2008)

Michigan Engineering Incentive (loans made in 2005-2008)

Michigan Advantage Consolidation (loans made in 2005-2008)

*All borrower benefits are subject to available funding.