New Financial Aid Loan Updates

Chase (lender) – spring loans disbursed for 07-08 and new loans for 08-09 will have a benefit of 0 (zero) fees on all Stafford Loans. Chase, Michigan Student First benefit is no longer available.

MHESLA (Michigan Higher Education Student Loan Authority) – Effective 04/21/08 MHESLA is temporarily suspending its participation in the Federal Family Education Loan Program (FFELP). For more information on MHESLA changes please view link (http://www.michigan.gov/documents/mistudentaid/StudentsandParentsQA_231565_7.pdf).

Schoolcraft College Financial Aid Office will continue to process student loans. Refer to Financial Aid main page for any further loan or lender benefit updates.