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Private Student Loans

Need a student loan to reach your goals?

Your future is bright! But sometimes your savings and financial aid options aren’t enough to cover the full cost of your higher education. Our private student loan can help you meet the cost of your higher education.

Why borrow your student loans with us?

Am I eligible?

  • You must be enrolled at least half-time in an eligible degree or certificate program
  • School certification is required
  • You must meet credit standards (with or without a co-applicant)
  • Maine residents going to Maine or out-of-state colleges and universities are eligible
  • Out-of-state residents attending Maine colleges and universities are eligible

How much can I borrow?

  • Maximum loan amount: Cost minus aid (maximum $40,000 per year, $200,000 total)
  • Minimum loan amount: $1,500

When do I need to start repaying my loan?

A few repayment options are available:

  • You can start payments of principal and interest right away.
  • You can defer payments of principal and interest while you are enrolled in school at least half time. Principal and interest payments begin following a six-month grace period after you leave school.
  • You can defer payments of principal and make interest only payments while you are enrolled in school at least half-time. Full principal and interest payments begin following a six-month grace period after you leave school.

Ask us for details about all your repayment options.

Click here to Check Your Application Status or Continue a Previous Application

Co-applicants click here to Complete the Co-applicant Portion of the Application