The Maine Loan TM can be acquired to qualified undergraduate and graduate pupils to borrow money just as much as the price that is total of less other college money. This loan system exists to bridge the area relating to the complete cost of college and main-stream funding that is educational. The Maine Loan TM is Maine’s Alternative scholar Loan TM provided by Finance Authority of Maine (FAME).
Loan Features
This alternative pupil loan provides three fixed interest levels based on the re re payment choice chosen. All three rates of interest although the 0% upfront/guarantee fee are less than the 2019–2020 Federal Direct PLUS Loan, and are also on the basis of the re re re payment option you select.
- A interest this is certainly fixed of 4.49% 1, 5.49% 2, and 6.49% 3 according to the re re payment option opted for. All costs are less than the 2019-20 Federal Direct (Parent/Grad) PLUS Loan.
- Approved borrowers have the interest that is same is fixed for the re re payment option chosen, irrespective of credit history or if possibly perhaps you will discover co-borrowers.
- There is no (0%) guarantee price.
- 0.25% interest decrease with automatic debit re re re re payments. 4
- A minimum that is low number of $1,000.
- No annual or borrowing that is aggregate. Continue reading “The Maine Loan. The Maine Loan TM occurs to qualified”