The Student Loan Alternative

Powered by FAME, Maine’s leading higher education financing experts, the Maine Loan is the smart way to bridge the gap when awards, scholarships, grants and financial aid don’t meet the costs of higher education. Student loan specialists located right in Maine are ready to help you understand your options, making sure you choose a solution that fits your budget now and also considers where you’ll be after graduation.
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hp_content_imageThe Maine Loan

Loan rates and terms for 2015-2016 are the same as the prior year, offering low fixed interest rates, with two rates that are currently lower than the Federal PLUS Loan, and multiple repayment options tailored to meet individual borrower needs. The new rates will be announced by June 30, 2016 for the 2016-2017 school year.

The fixed interest rates for the Maine LoanTM, Maine’s Alternative Student LoanTM, for 2015 – 2016 be 5.50%1, 6.50%2, and 7.50%3 depending on the repayment option selected. This loan is available for the full cost of education minus financial aid.

Repayment Calculator

Use this calculator to help you understand the feasibility of paying off your debt with your anticipated future income.

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The Maine Medical Loan

Loan rates and terms for 2015-2016 are the same as the prior year, offering low fixed interest rates, with two rates that are currently lower than the Federal PLUS Loan, and multiple repayment options tailored to meet individual borrower needs. The new rates will be announced by June 30, 2016 for the 2016-2017 school year.

Fixed interest rates for the Maine Medical Loan for 2015 – 2016 are 5.50%1, 6.50%2, and 7.50%3, depending on the repayment option selected. This loan is available to students pursuing medical degrees such as MD, DO, dentistry, veterinary medicine, chiropractic and others.