Access account information or make a re payment on your own MGA defaulted loan into the Borrower Portal
Access account information or create payment on the MGA defaulted loan in the Borrower Portal
Re Payment Panel
Make a payment that is one-time. This process might use up to two company times become published to your MGA account.
You are able to establish a recurring payment per month for your MGA defaulted loan.
Different ways to pay for
Make a re payment by calling the system that is automated
Mail a repayment (include your bank account quantity in your check or cash purchase):
Michigan Guaranty Agency PO Box 16325 Lockbox 8639 St Paul MN 55116-0325
Federal Loan Forgiveness, Cancellation and Discharge
In a few situations, you could have your student that is federal loan, canceled, or discharged. Learn whether you qualify as a result of your task or other circumstances.
Before finishing a software, e mail us to validate which paid off re payment plan you may be eligible. Eligibility criteria will determine which application you need to complete.
Submit this type to request a hearing in the event that you object to wage withholding.
Avoid Loan s
You DonвЂ™t Need To Pay for Assistance With Your Federal Figuratively Speaking
Numerous education loan credit card debt payday loans NC relief businesses charge a cost to supply solutions for free by contacting your loan servicer that you can take care of yourself. Free of charge, your loan servicer might be able to assist you to reduce your monthly loan re payment; replace your payment plan; consolidate multiple federal student education loans; see in the event that you be eligible for loan forgiveness or any other programs; that will be able to allow you to work toward having your loans away from standard.
To learn more, e mail us.
MICHIGAN GUARANTY AGENCY
MICHIGAN GUARANTY AGENCY
Lansing, MI 48909-7547
Tel: (800) 642-5626
Fax: (517) 335-7449
Concerning the Michigan Guaranty Agency (MGA)
The Michigan Guaranty Agency (MGA) administers the Federal Family Education Loan Program (FFELP) which include the Subsidized Federal Stafford Loan Program, the Unsubsidized Federal Stafford Loan Program, the Federal PLUS Loan Program, in addition to Federal Consolidation Loan Program. It will therefore by guaranteeing the acquisition of defaulted loans from FFELP lenders across Michigan. During its significantly more than 45-year history with FFELP, MGA has fully guaranteed over $14 billion in loans. Starting July 1, 2010, no loans that are new assured under FFELP, nonetheless, MGA has over $1.7 billion in outstanding loans that really must be supervised, claims processed, or default payments accumulated.
MGA additionally provides solutions to postsecondary institutions that consist of outreach tasks directed at postsecondary pupils along with other training possibilities. Services to borrowers are done through borrower information programs, monetary literacy training, and client assistance with all aspects of payment.
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