NEW for 2017-18, fixed rates as low as 4.99% and 0% fees for the Maine Loan and Maine Medical Loan.
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.
The Maine Loan and the Maine Medical Loan
Loan rates for 2017-18 are lower than last year, and we have eliminated the guarantee fee. All available rates and fees are lower than the Federal Direct PLUS Loan, and are based on one of three repayment options you can choose from to meet your needs.
The fixed interest rates for the Maine LoanTM, Maine’s Alternative Student LoanTM, and Maine Medical Loan for 2017–2018 are 4.99%1, 5.99%2, and 6.99%3 depending on the repayment option selected. These loans are available for the full cost of education minus financial aid.
Use this calculator to help you understand the feasibility of paying off your debt with your anticipated future income.