SFA - Michigan Advantage Consolidation*

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Michigan Advantage Consolidation*

The Michigan Advantage Consolidation (MAC) student loan program applied to FFELP loans fully disbursed and consolidated between March 1, 2005 and April 17, 2008.

BENEFITS CONSISTED OF:

Automatic Electronic payments (Electronic Payment Savings)	.25%	Interest Rate Reduction
Interest Rate Reduction (for consolidation loans of $7,500 or more, and after the first 36 consecutive and continued on-time monthly payments)	1.00%	Interest Rate Reduction
SAVINGS:	1.25%	Interest Rate Reduction

*All borrower benefits are subject to available funding.