About MGSLP
The Montana Guaranteed Student Loan Program (MGSLP) is part of the Office of the Commissioner of Higher Education. Working under the guidance of the Montana Board of Regents, MGSLP’s primary goal is to improve access to postsecondary education in Montana. This goal is accomplished by working collaboratively with schools, colleges, lenders and other trading partners who believe that an investment in education is an investment in Montana.
Created in 1979 by the Montana Legislature, MGSLP is the designated guarantor of the Federal Family Education Loan Program in Montana. For 30 years, MGSLP has been a full service guarantee agency providing schools and lenders with a central loan origination and disbursement service. MGSLP provides a variety of guarantee support services including streamlined application processing, single point of contact for schools, lenders and borrowers, on site technical expertise, and in-house default prevention and collections. In 2006, MGSLP had an outstanding loan portfolio approaching $2 billion and guaranteed a record number of loans.
Through efficient management of the Federal Family Education Loan Program, MGSLP is able to administer a variety of state and federal grant and scholarship programs. MGSLP manages the Montana University System Honor Scholarship, a renewable merit scholarship that covers the cost of tuition at qualifying Montana colleges. In 2005, MGSLP began administering the Montana Family Education Savings Program and the Governor’s Postsecondary Scholarship Program.
From early awareness programs like GEAR UP (Gaining Early Awareness and Readiness for Undergraduate Programs) to financial management courses taught by staff, MGSLP delivers the information students and families need to succeed after high school.
For more information about federal student loans or financial aid, call MGSLP toll free at 1-800-537-7508.
What is a Guaranty Agency?
We are often asked, “What does a Guaranty Agency do?” Well, we do numerous things; such as help students learn about finances, plan for college, pay for college, and successfully repay loans. But most importantly, we help increase access to higher education. To learn more click here.
Internal Controls
The Montana Guaranteed Student Loan Program’s internals controls documents are available upon request.
Created in 1979 by the Montana Legislature, MGSLP is the designated guarantor of the Federal Family Education Loan Program in Montana. For 30 years, MGSLP has been a full service guarantee agency providing schools and lenders with a central loan origination and disbursement service. MGSLP provides a variety of guarantee support services including streamlined application processing, single point of contact for schools, lenders and borrowers, on site technical expertise, and in-house default prevention and collections. In 2006, MGSLP had an outstanding loan portfolio approaching $2 billion and guaranteed a record number of loans.
Through efficient management of the Federal Family Education Loan Program, MGSLP is able to administer a variety of state and federal grant and scholarship programs. MGSLP manages the Montana University System Honor Scholarship, a renewable merit scholarship that covers the cost of tuition at qualifying Montana colleges. In 2005, MGSLP began administering the Montana Family Education Savings Program and the Governor’s Postsecondary Scholarship Program.
From early awareness programs like GEAR UP (Gaining Early Awareness and Readiness for Undergraduate Programs) to financial management courses taught by staff, MGSLP delivers the information students and families need to succeed after high school.
For more information about federal student loans or financial aid, call MGSLP toll free at 1-800-537-7508.
What is a Guaranty Agency?
We are often asked, “What does a Guaranty Agency do?” Well, we do numerous things; such as help students learn about finances, plan for college, pay for college, and successfully repay loans. But most importantly, we help increase access to higher education. To learn more click here.
Internal Controls
The Montana Guaranteed Student Loan Program’s internals controls documents are available upon request.
