Michigan Loan Agreement for Employees
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FAQ
The PSLF Program forgives the remaining balance on your Direct Loans after you've made the equivalent of 120 qualifying monthly payments while working full time for a qualifying employer.
Michigan: A pilot program to pay monthly loan payments for school district employees. The new state School Aid budget includes $225 million that school districts can apply for to pay the monthly loan payments for employees.
If you have loans that have been in repayment for more than 20 or 25 years, those loans may immediately qualify for forgiveness.
An income-driven repayment plan sets your monthly student loan payment at an amount that is intended to be affordable based on your income and family size. We offer four income-driven repayment plans: Saving on a Valuable Education (SAVE) Plan?formerly the REPAYE Plan. Pay As You Earn (PAYE) Repayment Plan.
The MI-LOAN Program provides for cancellation of the remaining outstanding balance on a loan due to a student's total and permanent disability.
