Michigan Finance Authority‐Student Loan Programs (MFA-SLP)
Federal Family Education Loan Program (FFELP)
Existing FFELP loans originally issued by MFA-SLP are serviced by Nelnet who can assist with:
- Making on-line payment(s) on your loan(s) and even receive a 0.25% interest rate reduction by signing up for auto debit.
- Payment plan options.
- Forbearance or Deferment.
- Loan information including balance, payment, and interest rates.
- Loan Forgiveness or Discharge.
*NOTE - FFELP lending ceased in 2010. Since this date, all federal loans have been issued directly by the U.S. Department of Education’s Federal Direct Loan Program.
MFA-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.