Governor Takes Action on Student Loans

May 26, 2023

by Liz Gullett

As MLC’s Communications and Social Media Manager, Liz Gullett keeps clients informed and up-to-date on the goings on in Lansing and the Capitol.

In anticipation of a decision by the U.S. Supreme Court, Governor Gretchen Whitmer signed an executive directive, which may result in Michigan becoming a student loan originator.

Key Points:

    • Departments are directed to assess the costs and benefits of the state re-entering the market as a student loan originator.
    • Determine if this would result in access to lower interest rates and enable borrowing in underserved communities.
    • They will determine enhancements to protect and support borrowers.
    • Review current regulations to determine what improvements are needed.

To read the full executive directive, please click here.

Michigan Legislative Consultants is a bipartisan lobbying firm based in Lansing, Michigan. Our team of lobbyists and procurement specialists provide a wide range of services for some of the most respected companies in America. For more on MLC, visit www.mlcmi.com or connect with us on LinkedIn and Twitter.

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