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Michigan Advantage Consolidation*

The Michigan Advantage Consolidation (MAC) student loan program applied to FFELP loans fully disbursed and consolidated between March 1, 2005 and April 17, 2008.

BENEFITS CONSISTED OF:

Automatic Electronic payments
(Electronic Payment Savings)		 .25% Interest Rate Reduction
Interest Rate Reduction
(for consolidation loans of $7,500 or more, and after the first 36 consecutive and continued on-time monthly payments)		 1.00% Interest Rate Reduction
SAVINGS: 1.25% Interest Rate Reduction

*All borrower benefits are subject to available funding.
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Related Content
 •  Electronic Payment Savings (EPS)*
 •  Michigan Students First*
 •  Michigan Engineering Incentive*

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