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The Michigan Guaranty Agency (MGA) is a component of the Michigan Higher Education Assistance Authority (MHEAA) and was established by Michigan Public Act 77 of 1960. MGA operates guarantees for three loan programs which are intended to guarantee subsidized and unsubsidized Federal Stafford loans, Federal PLUS loans, and Federal Consolidation loans made by banks, credit unions, savings and ...
Michigan borrowers carry an average federal and private student loan debt balance of $33,487, which is 9% less than the U.S. average of $36,689. In September, the state announced the Futures for ...
In Michigan, $47 million in federal student loans will be forgiven in a first round of forgiveness under the SAVE plan, according to the U.S. Department of Education's data.
Fortunately, students have many different options to pay for Michigan State University tuition, ranging from grants and scholarships, which don’t have to be repaid, to work-study programs or ...
[180] [181] Michigan received over 83,000 applications for a place in the 2021–22 freshman class, making it one of the most applied-to universities in the United States. [181] [182] Of those students accepted to Michigan's Class of 2027, 7,050 chose to attend. Admission is based on academic prowess, extracurricular activities, and personal ...
Major departmental responsibilities include: educator preparation and certification; providing technical assistance to schools in the areas of education improvement and innovation, special education, grants, transportation, health and food programs; statewide student assessment; school accountability; career and technical education; early ...
"The Origins of the Student Loan Industry in the United States: Richard Cornuelle, United Student Aid Funds, and the Creation of the Guaranteed Student Loan Program." Journal of American History 110(4): 667–688. Loonin, Deanne. Student loan law: Collections, intercepts, deferments, discharges, repayment plans, and trade school abuses.
Michigan Promise Scholarship logo. The Michigan Promise Scholarship was a merit-based scholarship program in the state of Michigan that provided up to $4,000 towards post-secondary education at any approved Michigan institution to qualifying Michigan high school graduates. [1] The full amount was reserved for students attending at least two ...
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