| |
|
|
Educators for Maine Program
• ME residents who are matriculated full-time undergraduate students
planning to teach in the State of Maine
• $3,000 per year; up to $12,000 for 4 years; loan forgiveness available
to qualified borrowers
• Up to four years of full-time study; requires satisfactory academic
progress and at least a 2.5 CGPA (HS). Current college students may apply
with at least a 3.0 CGPA.
• FAFSA required by May 1. FAME application required by May 15. New and renewal applications are available at FAME web site.
• Full- or part-time matriculated undergraduate students who demonstrate
need
• Generally ranges from $500 to $2,000. Has a 5% interest rate and a 9 month grace period.
• Usually restricted to first- and second-year students and requires
satisfactory academic progress
• FAFSA required by priority deadline for full consideration. First-time
borrowers must complete a reference form and entrance interview.
• Full- or part-time matriculated undergraduate nursing students
who demonstrate need
• Generally ranges from $500 to $2,000. Has a 5% interest rate and a 9 month grace period.
• Usually restricted to first- and second-year nursing students and requires
satisfactory academic progress. Must remain a nursing student to qualify for deferment of payment.
• FAFSA required by priority deadline for full consideration. First-time
borrowers must complete a reference form and entrance interview.
• Matriculated undergraduate students who are at least half-time
and demonstrate financial need
• Requires satisfactory academic progress
• First-time borrowers must complete an entrance interview
• FAFSA required for application; promissory note required for disbursement
• Matriculated undergraduate students who are at least half-time
and do not demonstrate financial need or independent students
• Requires satisfactory academic progress
• First-time borrowers must complete an entrance interview
• FAFSA required for application; promissory note required for disbursement
Year in School
(by credits earned) |
Total Base Sub or Unsub Loan |
Additional Unsub. Loan |
Total Loan |
| First (0-27) |
$3,500 |
$2,000 |
$5,500 |
| Second (28-59) |
$4,500 |
$2,000 |
$6,500 |
| THird & Fourth (60 plus) |
$5,500 |
$2,000 |
$7,500 |
Borrower’s
Year
in School
(# credits earned)
|
Base Amount
Subsidized or
Unsubsidized
|
Additional
Unsubsidized Amount
|
Total
Amount
|
First Year
(0 to 27) |
$3,500 |
$6,000 |
$9,500 |
Second Year
(28 to 59) |
$4,500 |
$6,000 |
$10,500 |
Third & Fourth
Year (60 plus) |
$5,500 |
$7,000 |
$12,500 |
Total maximum outstanding debt allowable:
$31,000 for dependent undergraduates
$57,500 for independent undergraduates
A dependent student whose parent is denied a Federal Parent Loan may
borrow the additional Unsubsidized Stafford Loan up to $4,00 for first and second years and $5,000 for third and fourth years.
For more information on federal programs, go to http://www.ed.gov/prog_info/SFA/Student
Guide
or call 1-800-4FEDAID.
|
|
|
