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MHESLA
MHESLA - Celebrating 33 Years of Service!
The Michigan Higher Education Student Loan Authority (MHESLA) has been providing access to higher education for the citizens of Michigan since 1975. As Michigan's leader in higher education finance, MHESLA provides families with the critical information and resources they need to achieve their educational goals. Focusing on reducing or eliminating financial barriers to postsecondary education, our services and programs provide a true testimonial to MHESLA's commitment to the citizens of Michigan. MHESLA Student Loans PDF Icon

MHESLA Highlights
MHESLA to Originate FFELP Loans for Academic Year 2009-10 PDF icon
MHESLA will begin originating Federal Family Education Loan Program (FFELP) loans August 3, 2009. All Stafford, PLUS and GRAD PLUS loans funded by MHESLA for Academic Year 2009-10 will be eligible for a 0.25% interest rate reduction for ACH payments. MHESLA's lender code is 825585 and it should be noted that this lender code uses Great Lakes loan servicing and guarantee.
MHESLA is pleased to announce its new affiliation with ELM Resources to disburse loans for Academic Year 2009-10 PDF icon
MHESLA Master Promissory Note (MPN) Link PDF icon
MI-LOAN Program Announces New Rehabilitation Option PDF icon
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.
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