Browsers that can not handle javascript will not be able to access some features of this site.
Skip Navigation
Student Financial AidMichigan.gov, Official Website for the State of Michigan
Michigan.gov Home Financial Aid Home | Sitemap | Contact Us | Financial Aid FAQ | Privacy Policy
Students and Borrowers
> Current Rates, Repayment Charts, and Calculator
> Michigan and Federal Loan Programs
> Defaulted Student Loans
> Repaying Student Loans
> Finding Your Student Loans
> All State of Michigan Programs
> Financial Resources Database
Students and Parents
Financial Aid Professionals
Lenders, Servicers, Partners
About Us
Contact Us
Printer Friendly Version Printer Friendly   Text Only Version Text Version  Share this page.
Welcome to the MI-Loan Program
The Michigan Alternative Student Loan (MI-LOAN®) Program is an alternative student loan program for the exclusive use of students who are attending Michigan degree-granting colleges and universities. This program helps students bridge the gap between college costs and traditional federal financial aid resources.

The MI-LOAN Program remains suspended from February 2008. The department will continue to monitor market conditions to determine the feasibility of reconstituting the MI-LOAN Program in the future.

 MI-LOAN Program Announces New Rehabilitation Option
The Michigan Higher Education Student Loan Authority (MHESLA) is pleased to announce the implementation of our MI-LOAN Program Rehabilitation Option, effective immediately. To qualify for the Option, MI-LOAN borrowers who have outstanding defaulted loans are required to make nine on-time payments within a ten month period.
 
MI-LOAN PROGRAM FEATURES:

Make a MI-LOAN Payment


MI-LOAN Program Overview

• Eligible Schools PDF icon
Find out if your school participates in the MI-LOAN Loan Program.

• Frequently Asked Questions

• Forbearance Options

• MI-LOAN Program Overview and Interest Rates


*All borrower benefits are subject to available funding.
Link to Department and Agencies Web Site Index
Link to Statewide Online Services Index
Link to Statewide Web-based Surveys
Link to RSS feeds available on this site
Quick Links
 •  Michigan Promise Scholarship
 •  Michigan Education Trust
 •  Michigan Education Savings Program
 •  Michigan Merit Award
 •  Michigan Students First
 •  Michigan Engineering Incentive
 •  Michigan Advantage Consolidation Loan
 •  MI-LOAN Program
 •  MI Scholarships Online
 •  Michigan Postsecondary Handbook

Michigan.gov Home | Financial Aid Home | Sitemap | Contact Financial Aid | State Web sites
Privacy Policy | Link Policy | Accessibility Policy | Security Policy | Michigan News | Michigan.gov Survey

Copyright © 2001-2009 State of Michigan