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REPAYMENT TERMS
Payment Arrangements:
Borrowers in current repayment status:
Contact your servicer Firstmark at 888-295-0902 or visit their site for loan and payment information. You and any cosigners should be receiving regular monthly billing statements from Firstmark Services.
Borrowers in delinquent status:
Contact your servicer Firstmark at 888-295-0902 or your lender, the MI-LOAN Program office today at 888-643-7521 to discuss payment options to avoid default. You may be eligible for Forbearance.
Borrowers in default status:
MI-LOAN Program student loans remain in default until rehabilitated or paid in full.
Contact the MI-LOAN Program office today at 888-643-7521 to make payment arrangements and/or for information on loan Rehabilitation. Loan rehabilitation requires nine on-time, monthly payments within a consecutive ten-month period to be eligible to apply to have your loan(s) removed from default.
For assistance call 888-643-7521 or e-mail SLP@michigan.gov
All borrower options and benefits are subject to change.