Maine Student Loans
You should contact the financial aid office at the schools you are applying for to ensure you know of all your options on how to pay for the upcoming school year.
- Most students decide to apply for loan options that are funded by the federal government. Federal aid awards are not affected by the state residency of a student or of their given university.
- Many state governments offer financial aid based on both need and non-need factors. These options might include: tuition waivers, grants, scholarships or work-study programs.
- Some universities might offer financial aid awards based on need or merit.
When the previously mentioned fail to cover the cost of a student’s education, he or she can turn to private loans. Private lenders are also not overly concerned about the residency of a student or cosigner or that of the location of the institution.