The Maine Loan may be the way that is smart bridge the space whenever honors, scholarships, grants and school funding don’t meet up with the expenses of advanced schooling. These loans are running on Finance Authority of Maine (FAME), Maine’s leading degree funding specialists. As a state-based agency, FAME provides no upfront/guarantee costs and competitive fixed interest levels to assist you fund your degree at a price that is affordable.
We should allow you to be a borrower that is informed hope you are taking advantageous asset of FAME’s economic training resources. Education loan experts positioned appropriate in Maine are quite ready to help you comprehend your alternatives and choose a solution that fits your financial allowance now and considers where you’ll be after graduation.
Loan prices for 2019-20 are only 4.49% and there’s no (zero) origination or upfront charge of every sort. All rates that are available costs are less than the 2019-20 Federal Direct PLUS Loan (7.08% price and 4.248% charge), and are also according to certainly one of three payment choices you can easily pick from to generally meet your preferences.
The interest that is fixed for the Maine Loan TM, Maine’s Alternative scholar Loan TM, and Maine Medical Loan for 2019–2020 are 4.49% 1, 5.49% 2, and 6.49% 3 with regards to the payment choice chosen. These loans are around for the entire price of training minus school funding.
Pupil Loan/Salary Calculator: utilize this calculator to assist you comprehend the feasibility of paying down the debt along with your expected future earnings.