Michigan Guaranty Agency

  • The Michigan Guaranty Agency (MGA) administers the Federal Family Education Loan Program (FFELP) which includes the Subsidized Federal Stafford Loan Program, the Unsubsidized Federal Stafford Loan Program, the Federal PLUS Loan Program, and the Federal Consolidation Loan Program. It does so by guaranteeing the purchase of defaulted loans from FFELP lenders across Michigan. During its more than 45-year history with FFELP, MGA has guaranteed over $14 billion in loans. Beginning July 1, 2010, no new loans are guaranteed under FFELP, however, MGA has over $1.7 billion in outstanding loans that must be monitored, claims processed, or default payments collected.

    MGA also provides services to postsecondary institutions that include outreach activities aimed at postsecondary students and other training opportunities. Services to borrowers are done through borrower information programs, financial literacy training, and customer assistance with all aspects of repayment.

Make a payment on my MGA defaulted loan

  • MGA Borrower Portal graphic

    To access account information or to make a payment on your MGA defaulted loan, click on the Michigan Guaranty Agency Borrower Portal icon above.

    This method is free, safe, and secure.


  • Protect Yourself: Find Ways To Spot A Student Loan Scam

    StudentLoanScam.com provides information about how debt relief and document preparation companies work and how to protect yourself.  They have provided information that will help borrowers achieve successful student loan repayment - without the burden of expensive help.  Assistance is available for FREE from federal student loan services.  Access the website here.   

  • How To Avoid Scams When Repaying Your Federal Student Loans

    In response to the continuing stories of illegitimate companies taking advantage of and preying on federal student loan borrowers, the National Council of Higher Education Resources (NCHER) has created an easy-to-understand infographic which offers simple tips that borrowers can use to identify potential scams and avoid them when repaying their federal student loans.  The infographic shares four points that will help keep borrowers safe: 1) Notice fake government seals and logos; 2) Never pay for help; 3) Keep your Federal Student Aid ID private; and 4) Fast student loan forgiveness does not exist.  The infographic also includes phone numbers and websites for legitimate student loan assistance and urges borrowers to contact the Federal Trade Commission with information about scams.    

  • ED Issues Warning About Student Loan Debt Relief and Credit Repair Advertisements

    The Department of Education has issued a warning about companies that charge borrowers for repayment options offered free through the federal student loan programs. The warning also highlights the tactics many of these companies use that require you to provide information or sign documents that can create additional problems. Read the article here.

  • Manage Your Spending While in School ED Launches Online Student Loan Management Tool The Department of Education has released a new online, interactive student loan management resource called the "Financial Awareness Counseling Tool" that provides students with financial management basics such as information about their current loan debt and estimates for student loan debt levels after graduation. The tool is accessible here.

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Debt Management

  • Computer LabMeeting your student loan obligations is one of the most important things you can do to maintain good financial health. We have the tools to help!


  • Resource Image Links
    Mapping Your FutureED.govGoing2CollegeFASFA
    NSLDS - National Student Loan Data SystemEduGuidePractical Money Skills