The Maine Loan

The Maine Loan is available to eligible undergraduate and graduate students to borrow funds up to the full cost of education less other financial aid. This loan program exists to bridge the gap between the full cost of college and traditional financial aid resources. The Maine Loan is Maine’s Alternative Student Loan. For students with limited or no credit history, income, and/or employment, it may be necessary to apply with one or more creditworthy co-borrowers.

Student Loans Features

  • Apply By Phone

    1-800-228-3734

  • Annual Interest Rate

    6.99%

  • Insurance

    -

  • Instant Approval

    No

  • Cosigner

    Yes

  • Good Grades Reward

    No

  • International Students

    -

  • Military Service Benefits

    -

  • Loan Type

    Student

Student Loans FAQ

What kinds of student loans are there?

There are two different types of student loans: federal and private. Most experts agree that the best student loans come from the federal government. These fixed-rate loans usually offer lower interest rates and greater borrower protections than private loans. When you choose a private loan, your credit score (and that of your co-signer, if you have one) will impact the student loan interest rates you’re offered.

What is meant by “loan term”?

What is a fixed rate student loan?

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Service Info

Maine Loan

Verified within the past few weeks

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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