MHESLA's Suspension of Participation in FFELP
Due to the ongoing turmoil in the capital markets MHESLA was forced to suspend its participation in the Federal Family Education Loan Program (FFELP) beginning April 21, 2008. Further information can be found at the links provided below.
    - Notice
    - Student and Parent Question and Answers
    - Governor Granholm Asks for Federal Assistance

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.

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.