Michigan Alternative Student Loan Program (MI-LOAN)

  • *NOTE: MI-LOAN lending ceased in February of 2008.  NO NEW LOANS ARE AVAILABLE.

    Payment Options

    • MI-LOAN borrowers in current (repayment) status may make a single payment by phone, by mail or online at Firstmark. Enroll in AutoDebit/KwikPay* to make automatic recurring payments and, upon approval, receive a 0.25% interest rate reduction.
      *KwikPay/interest rate reduction is only available to borrowers that are current and in repayment status.

    • MI-LOAN borrowers in delinquent or defaulted status may make a single payment by phone, by mail, or online at Firstmark or may enroll for automatic recurring payments at thepayplace.

     

    MI-LOAN Information

     

    Student Loan ProgramsMFA-Student Loan Programs has been assisting citizens of Michigan with higher education services since 1975. While no longer issuing new loans, MFA-SLP continues to provide repayment assistance to existing borrowers of the Federal Family Education Loan (FFELP) and the Michigan Alternative Student Loan (MI-LOAN) Programs, including: loan servicing oversight, delinquency prevention, default resolution, and loan rehabilitation.

     

    For assistance call 888-643-7521 or e-mail SLP@michigan.gov

    All borrower options and benefits are subject to change.