Maine Student Loan Debt Relief Program

Maine Student Loan Debt Relief Program is sponsored by State of Maine. Offers a refundable tax credit for student loan payments to Maine residents, returning over $140 million in debt relief to residents over three years.

Maine Health Care Provider Loan Repayment Pilot Program - FAME Maine Affording Higher Education Getting Ready for College Foreign Credentialing Loan Program Military Families and Veterans Previously Incarcerated Students Employer Financial Wellness Roadmap Resources Maine Grant and Tuition Programs Doctors for Maine’s Future Scholarship Maine State Grant Program Out-of-State Reduced Tuition Consider Before You Borrow Federal Student Loan Programs Apply for a Private Student Loan with a Maine Lender Maine Loan Repayment Calculator Loans for the Health Professions Educators for Maine Program Important Federal Education Loan Updates Consolidating and Refinancing Student Loans Apply for a Private Refinance Loan with a Maine Lender Maine Dental Education Loan Repayment Program Student Loan/Salary Calculator Resources For Professionals Agricultural Marketing Loan Fund Potato Marketing Improvement Fund Nutrient Management Loan Program Linked Investment Program for Agriculture Compliance Assistance Loan Program Hospital System Loan Fund Program Regional Economic Development Revolving Loan Program Maine Rural Development Authority Linked Investment Program for Commercial Enterprises Revenue Obligations Securities Program Municipal Securities Approval Program Equity Capital and Tax Credits Maine New Markets Capital Investment Program Maine Seed Capital Tax Credit Program Resources for Business Owners Glossary of Financial Terms Commercial Loan Insurance Build Your Personal Financial Wellness Start Saving and Investing Understand Taxes and Insurance Protect Your Money and Identity Build Your Student’s Financial Wellness High School Students and Beyond Resources for Educators and Professionals Build Your Employees’ Financial Wellness Employer Financial Wellness Roadmap Employee Tuition Assistance Financial Aid Info Sessions Financial Check-in with FAME Advisory Committee on Education Savings Maine Health Care Provider Loan Repayment Pilot Program Federal Student Loan Repayment Help Confused about student loan repayment and not sure where to turn?

FAME can help! Making a plan for saving is the first step towards making education after high school a reality. Saving now will put you in a better position to pay for education after high school later.

Paying for education after high school usually comes from a variety of sources. Resources for Professionals Find helpful resources for educators, financial aid offices, and other professionals working with students. Use FAME’s online search to find Maine scholarships.

Learn more about managing your finances and improving your financial health. FAME has resources to help you serve your students and their families. There are things you can do at every stage to prepare for higher education.

FAME provides specific resources for New Mainers, Adult Students, Military Families and Veterans, and Employers. Learn more about managing your finances and improving your financial health. There are many ways to save for college.

Learn more about options that may work for you. A great way to help your child save for college. NextGen 529 is Maine’s section 529 plan which many Maine families use to save for college.

It can be hard to find money in your budget for college savings. These tips will help you find ways to save money. There’s money available to help pay for college.

Learn more about applying for financial aid and filing the FAFSA. Free Community College is Here If you’re a Maine student who earned (or will earn) a high school diploma or equivalent in 2022, 2023, 2024 or 2025, you can attend Maine community college tuition free, but you’ll need to file the FAFSA first. Scholarships provide free money to pay for college.

Start your search for Maine scholarships here. Resources, Videos, and Calculators Use FAME’s Resources & Tools to help you afford higher education. Videos, webinars, and more to help you serve your students and families, as well as professional development opportunities.

Resources for Financial Aid Offices EPIC login and financial education resources to share with students. For over 40 years FAME has helped Maine people reach their business goals. FAME helps Maine lenders and their customers get to "yes."

FAME encourages investments in Maine businesses, both directly and through private venture capital funds. Commercial Loan Insurance FAME’s commercial loan insurance program helps lenders make business loans by reducing risk. When traditional loans are not the solution, FAME’s business loans may be the answer.

Learn about key steps in the business planning and financing process. Whether you’re starting a business or seeking financing for an existing one, learn about key steps in the business planning and financing process. When traditional loans aren’t an option for your business, FAME’s financing programs may be the answer.

Resources for Business Owners A collection of resources to help you plan and build your business. This network of alternative funding and counseling agencies can help you start or grow your Maine business. Commercial Loan Insurance for Lenders FAME’s commercial loan insurance insures a portion of loans made through participating financial institutions.

Miss out on a webinar? Find recordings and resources for FAME Business Webinars here. Quick link to FAME fees and rates for lender programs.

Maine New Markets Capital Investment Program Provides tax credits to investors in community development entities that reinvest in businesses located in low-income Maine communities. Maine Seed Capital Tax Credit Program Encourages investments in small businesses by providing credits to outside passive investors.

Free Online Financial Education Powered by iGrad® and Enrich®, FAME offers free online financial education to support Maine people during high school, college, and beyond. Build Your Financial Wellness Free resources to guide you on your path toward financial freedom. Grow Your Student or Child's Financial Wellness Tools to help you support youth financial capability.

Invest in Your Employees’ Financial Wellness Resources to help your employees improve their financial well-being. Employee Financial Wellness Roadmap Improving employees’ financial wellness helps improve productivity and satisfaction. Assistance available to help you create a win-win program.

An interactive program that encourages high school students to explore the return on investment of various career pathways and financial decision-making. Steps to Financial Wellness Setting goals, creating a budget, managing debt and credit, and MORE! All great steps to help you become financially capable.

Financial Wellness Resources FAME provides free financial wellness programs to help Maine people become more financially capable. Monthly Financial Check-in with FAME Free Webinars to learn more about preparing for and paying for higher education, including refinancing student loan debt. Resources for Elementary Students Invest in your child’s future and build money skills for life.

Resources for High School and Beyond Play Claim Your Future – career & budget game or use iGrad Online Financial Education with your students, and more… Resources for Educators and Professionals FAME has developed extensive resources for educators and professionals who support financial education in their school or community.

Employee Financial Wellness Roadmap This roadmap has resources and support to guide the development of life-changing financial education for your employees. Free flyers, videos, webinars, and more to share with your employees as employer-provided benefits.

Maine Transfer Agreements Military Families and Veterans Previously Incarcerated Students Financial Wellness Industry Night Scholarship Update Request Maine Grant and Tuition Programs Doctors for Maine's Future Scholarship Maine State Grant Program Out-of-State Reduced Tuition Employer Tuition Assistance Consider Before You Borrow Federal Student Loan Help Free Federal Student Loan Advice and Support Consolidating and Refinancing Student Loans Maine Dental Education Loan Repayment Program Maine Health Care Provider Loan Repayment Pilot Program Nursing Education Loan Repayment Program Applications - Education Loans, Waivers & Loan Repayment Programs Resources For Professionals FAFSA Completion Rates by High School Resources to Share with Families Comparing the FAFSA and the CSS Profile Maine Transfer Agreements Military Families and Veterans Getting Ready for College Scholarships for New Mainers Foreign Credentialing Grant Program Previously Incarcerated Students Scholarship Update Request Maine Grant and Tuition Programs Doctors for Maine’s Future Scholarship Maine State Grant Program Out-of-State Reduced Tuition Employer Tuition Assistance Consider Before You Borrow Federal Student Loan Programs Apply for a Private Student Loan with a Maine Lender Maine Loan Repayment Calculator Loans for the Health Professions Educators for Maine Program Federal Student Loan Help Free Federal Student Loan Advice and Support Consolidating and Refinancing Student Loans Apply for a Private Refinance Loan with a Maine Lender Maine Dental Education Loan Repayment Program Maine Health Care Provider Loan Repayment Pilot Program Nursing Education Loan Repayment Program Student Loan/Salary Calculator Applications – Education Loans, Waivers & Loan Repayment Programs Resources For Professionals FAFSA Completion Rates by High School Resources to Share with Families Comparing the FAFSA and the CSS Profile The Maine Health Care Provider Loan Repayment Pilot Program provides one-time funds to support rebuilding Maine’s health care industry workforce.

The program attracts and retains health care professionals in Maine by repaying outstanding student loans of selected participants who commit to living and working in Maine for at least three years. Program recipients may receive awards totaling up to $25,000 per year or, in aggregate, the lesser of $75,000 or 50% of the recipient’s outstanding loan balance.

Health Care Providers must: Be licensed and/or certified by the state of Maine as a medical, dental, or behavioral health practitioner or be a person with a professionally recognized medical, dental or behavioral health credential in the state of Maine; Have qualifying outstanding education loans and submit evidence of outstanding educational loan debt; Be employed full-time as an eligible health care provider as determined by FAME; Not currently benefiting from a loan forgiveness program or loan repayment program administered by FAME or another entity (excluding federal income-driven repayment plans and the Public Service Loan Forgiveness program).

Up to $25,000 per year or, in aggregate, the lesser of $75,000 or 50% of your outstanding loan balance over three years. Loan repayment awards are disbursed over a three-year period. Awards are paid directly to a recipient’s loan servicer and cannot be paid for an amount more than that which is outstanding at the time of payment.

Recipients must continue to make regular student loan payments. Prior to each disbursement, recipients must supply evidence of continued employment in an eligible position, proof of continued professional qualification, and evidence of outstanding loan balances. There are no renewals.

This is a one-time selection, awards to be disbursed over three years, and subject to employer certification. The application cycle for the Maine Health Care Provider Loan Repayment Pilot Program closed on March 31, 2025. At this time, there are no plans to open an application cycle in 2026.

The application for the Maine Health Care Provider Loan Repayment Pilot Program must be completed online. You will not be able to save an application in progress and return to it later— once you begin the application, you will need to complete it.

Before you begin, have all documents required to complete your application saved as PDF files Essay describing your commitment to Maine as a health care provider in your specialty and the impact that being selected would have on your career goals (limit 4,500 characters) Evidence of outstanding education loans that includes your full name, loan servicer name, loan type, current outstanding balance, remaining term, monthly payment amount, and evidence of income-driven repayment plan on federal education loans (if applicable) Copy of Maine licensure or certification, or other credential Official academic transcript showing most recent degree conferred Résumé (must include your current position) If not currently employed, submit a copy of your contract or employment letter Review the following documents included in the application Application Guidelines & Checklist Private Education Loan Application & Solicitation Disclosure The program application link below will direct you to FAME’s online application system.

Maine Health Care Provider Loan Repayment Pilot Program Application You must submit all required documents by March 31 for your application to be considered complete. Applications that are not complete by the deadline are ineligible. FAME assumes no responsibility for identifying missing or erroneous information.

How Health Care Providers Are Selected Complete applications will be reviewed by FAME for selection, and qualifying applications prioritized. Please note: funding is limited; not all who qualify will receive loan repayment. All applicants will be notified by mail of the selection decision.

Prioritization will be based on the following: Access to health care for the population where the applicant practices or intends to practice; such as number of vacancies within a local provider system; timeliness of appointments; and whether they or their employer accepts Medicaid; Monthly student debt obligation payment as a percentage of gross monthly income; Need for specific health care practitioners in a given employment region; Workforce needs of Maine health care providers, with special emphasis on the following occupations: Certified Occupational Therapy Assistants Behavioral Health Care Workers Licensed Clinical Social Workers including, but not limited to, applied Behavioral Analysts and Board Certified Behavior Analysts, and Licensed Clinical Professional Counselors Health Care Technicians, including, but not limited to, Respiratory Therapists, Surgical Technicians, and Imaging Technicians such as MRI Technicians and Ultra Sonographers Selected recipients are required to submit an electronic employment certification from their employer.

Selection is contingent upon satisfactory employment certification. This program is governed by Maine law as set forth in P. L.

2021, Ch. 483 (Part H) and Chapter 620 of the Rules of the Finance Authority of Maine . If you have additional questions, please contact a FAME Education Program Specialist Monday through Friday, 8:00 a.

m. to 4:00 p. m.

207-623-3263 | Toll-free: 800-228-3734 | TTY: 207-626-2717 As part of the application process for your private loan, you will need to complete a brief private loan counseling course on iGrad, a financial literacy resource provided by the Finance Authority of Maine (FAME). The course will take approximately 10 minutes, after which you will be directed to the loan application. Manage your FAME loan(s) online!

FOR BUSINESS LOANS: Please call 1-800-228-3734 , option 1. FOR EDUCATION LOANS: Visit the FAME Loan Repayment Portal , and click the green “Register” button. Be sure to have your loan account number, your contact information (email and phone number), and your phone.

These will be required to set up your online loan account. New and returning customers — Apply today ! NOTE: Maine Loan accounts in good standing are serviced by FirstMark Services and are not accessible through the FAME Loan Repayment Portal.