Michigan: You didn’t really need a student loan, did you?

Cripes. Michigan continues to swirl around the drain:
Michigan Higher Education Student Loan Authority suspends it’s participation in Federal Student loans (PDF)
“Due to the ongoing turmoil in the capital markets MHESLA is forced to suspend its participation in the Federal Family Education Loan Program (FFELP) beginning April 21, 2008….This action follows the February 15, 2008 suspension [...]