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• 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 2.5 CGPA (HS). Current college students may apply
with at least a 3.0 CGPA.
• FAME application required by April 1
• Full- or part-time matriculated undergraduate students who demonstrate
need
• Generally ranges from $500 to $2,500
• 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 $2,500
• 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.
• Matriculated undergraduate students who are at least half-time
and demonstrate financial need
• $3,500 to $5,500 depending on year in school
• 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
• $3,500 to $10,000 depending on year in school
• Requires satisfactory academic progress
• First-time borrowers must complete an entrance interview
• FAFSA required for application; promissory note required for disbursement
Dependent Students
Borrower’s Year in School
(# credits earned)
|
Total Subsidized & Unsubsidized |
| First Year (0 to 27) |
$3,500 |
| Second Year (28 to 59) |
$4,500 |
| Third Year and Fourth Year (60 plus) |
$5,500 |
Independent Students
Borrower’s Year
in School
(# credits earned)
|
Base Amount
Subsidized &
Unsubsidized
|
Additional
Unsubsidized Amount
|
Total
Amount
|
First Year
(0 to 27) |
$3,500 |
$4,000 |
$7,500 |
Second Year
(28 to 59) |
$4,500 |
$4,000 |
$8,500 |
Third & Fourth
Year (60 plus) |
$5,500 |
$5,000 |
$10,500 |
Total maximum outstanding debt allowable:
$23,000 for dependent undergraduates
$46,000 for independent undergraduates
A dependent student whose parent is denied a Federal Parent Loan may
borrow the additional Unsubsidized Stafford Loan as an independent student.
For more information on federal programs, go to http://www.ed.gov/prog_info/SFA/Student
Guide
or call 1-800-4FEDAID.
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