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State Aid Note Program (SAN)

State Aid Note Program (SAN)

State Aid Note Program (SAN)

Please contact the MFA directly at treasmfa-stateaidnote@michigan.gov for a copy of the 2026 State Aid Note Program (SAN) materials. The deadline to apply to participate in the 2026 SAN is July 1, 2026.

  • What is the SAN?

    The SAN is a streamlined loan program to finance short-term operational cash flow needs for traditional public schools. Michigan Finance Authority (MFA) facilitates the process by pooling the loans, soliciting bids and obtaining the highest possible short-term rating, resulting in competitive interest rates and typically lower costs of borrowing.

  • Contact MFA

    Richard H. Austin Building, 1st Floor
    430 W. Allegan
    Lansing, MI 48922

    Phone: 517-335-0994
    Fax: 517-241-9509

    www.michigan.gov/mfa
    TreasMFA-StateAidNote@michigan.gov