Maine Financial Aid

Maine offers the following financial aid programs to help Maine students and families achieve their higher education goals:

 

State of Maine Grant Program

Educators for Maine Program

Tuition Waiver Program

Doctors for Maine's Future Scholarship

Maine Dental Education Loan Program

Maine Dental Loan Repayment Program

Maine Health Professions Loan Program

Maine Veterinary Medicine Loan Program

John R. Justice Grant Program

 

 

State of Maine Grant Program

What is the State of Maine Grant Program?

The State of Maine Grant program is a need-based program that provides grants to undergraduate students.  

 

Who can apply?

A Maine resident who files the FAFSA by May 1 is automatically considered for the grant.

 

What are the eligibility criteria?

You must be enrolled at least half-time in an undergraduate program at an eligible institution. Because this is a need-based grant, your EFC must not exceed the maximum EFC set in any given year.The maximum EFC for the 2014-2015 academic year is 6,000*. 

 

*The EFC is based upon available funding and may be adjusted at any time.

 

How do I apply?

You must file the FAFSA by May 1 to apply and be considered for the grant.  There are no other application forms required. 

 

What is the deadline?

The FAFSA must be received for processing by May 1. 

 

What is the selection process?

The college/university you attend will determine if you are eligible for the grant based upon your enrollment status and EFC. 

 

What are the award amounts?

The award amount for a full-time student is $1,000 per year. Students who are enrolled less than full-time may be eligible for a pro-rated amount. 

 

Is the award renewable?

You must file the FAFSA by May 1 each year you plan to attend college. The college/university you attend will review your information and determine if you are eligible each year. 

 

How is the grant paid?

Disbursement (payment) of funds is made directly to the college/university for credit to your student account.  

 

Can I use this grant at any college/university?

You must attend an eligible college/university in Maine. Students enrolled in NEBHE's Tuition Break Program, the New England Regional Student Program (RSP) may also be eligible. Contact the Financial Aid Office or FAME for more information.

 

What else should I know?

This program is governed by Maine law as set forth in 20-A M.R.S.A. §11611 et seq. and Chapter 601 of the Rules of the Finance Authority of Maine.

 

 

Educators for Maine Program

 

What is the Educators for Maine Program?

The Educators for Maine (EFM) Program is a competitive, merit-based, forgivable loan program for Maine students pursuing careers in teaching, including speech pathology and child development or childcare.

 

Recipients must intend to work in Maine after completing their education and cannot currently hold state certification to teach or child care provider qualifications, as applicable.

 

Recipients who do not perform eligible work in Maine at an eligible school or child care facility must repay the loan to FAME.

 

Who can apply?

Graduating high school seniors, undergraduate and graduate students accepted into postsecondary degree programs. 

 

Students must be pursuing initial certification as a teacher, including speech pathology or child care provider qualifications.

 

What are the eligibility criteria?

You must be a Maine resident. Your most recent cumulative grade point average (GPA) must be at least 3.0 on a 4.0 scale Undergraduate students must be enrolled full-time in an accredited U.S. college or university.  Graduate students must be enrolled at least half-time in an accredited U.S. college or university.

 

How do I apply?

Applications are available online in February of each year. Renewal applications are mailed to current recipients by the end of February. In addition to the application, you must complete the FAFSA. 

 

What is the deadline?

The completed FAME application must be postmarked on or before May 1.

The FAFSA must be filed by May 1.   

 

What is the selection process?

New applications are reviewed by a selection committee. Committee members only review applications that meet the minimum eligibility criteria based on:

  • Academic performance
  • Awards and special honors
  • Relevant activities
  • Grammar, style and content of a 500-word essay

What are the loan amounts?

The maximum loan amount for an undergraduate student is $3,000 annually, $12,000 total. The maximum loan amount for a graduate student is $2,000 annually, $8,000 total.

 

Is this loan renewable?

To receive renewal funding, the FAFSA must be submitted by May 1 and the renewal application must be complete and postmarked on or before May 1. You must continue to be a Maine resident and maintain a minimum cumulative GPA of 2.5 on a 4.0 scale.  

 

How are the funds paid to the college/university?

Disbursement (payment) of loan funds is made directly to the college/university for credit to your account.

 

Can I use this money to attend any college/university?

Undergraduate students must be enrolled full time in an accredited U.S. college or university.  Graduate students must be enrolled at least halftime in an accredited U.S. college or university.

 

How does the forgiveness option work?

Refer to the State of Maine Loans section of our web site for more information. 

 

What else should I know?

If you do not perform eligible work at an eligible Maine school or child care facility, you must repay the loan to FAME with interest. Currently, the interest rate is fixed at 5.0%.  

 

This program is governed by Maine law as set forth in 20-A M.R.S.A. §12501 et seq. and Chapter 610 of the Rules of the Finance Authority of Maine. 

 

 

Tuition Waiver Program

What is the Tuition Waiver Program?

There are two types of waivers:  Tuition Waiver (Foster Care) and Tuition Waiver (Public Servant). These programs provides free tuition to certain foster children, adopted children/wards under subsidy from the Maine Department of Health and Human Services, and children of firefighters, law enforcement officers or emergency medical services persons killed in the line of duty. The student must be attending a Maine public college/university.

Who can apply?

Any Maine resident who has graduated from an approved secondary school or successfully completed a general education development (GED) examination or its equivalent may apply.

 

How I qualify for a tuition waiver?

You must be a Maine resident accepted into a degree program at a participating institution and meet one of the following three conditions:

  • Student is a child or spouse of a firefighter, law enforcement officer or emergency medical services person killed in the line of duty.
  • Student was a foster child under the custody of the Maine Department of Health and Human Services when graduated from high school or equivalent.
  • Student is an adopted person or minor ward of a permanency guardian whose adoptive parent or guardian receives a subsidy from the Maine Department of Health and Human Services.

How do I apply?

Applications are available online in February of each year. Renewal applications are mailed to current recipients by the end of February. In addition to the application, you must complete the FAFSA. 

 

What is the deadline?

There is no deadline; however, funds are limited so you are encouraged to apply early. 

 

What is the selection process?

FAME selects the students who qualify on a first come, first served basis.

 

What are the award amounts?

The award is the amount of tuition at the college/university that you attend. 

 

Is this award renewable?

Renewal applications are mailed to current recipients by the end of February. In addition to the application, you must complete the FAFSA. 

 

Which colleges/universities participate in this program?

All of the University of Maine schools, all of the Maine Community Colleges and Maine Maritime Academy participate in this program. 

 

What else should I know?

Tuition Waiver (Foster Care) is limited to 30 recipients annually, awarded on a first-come, first-served basis. This program is governed by Maine law as set forth in 20-A M.R.S.A. §12571 et seq. and Chapter 608 of the Rules of the Finance Authority of Maine.

 

Tuition Waiver (Public Servant) is not limited. This program is governed by Maine law as set forth in 20-A M.R.S.A. §12551 et seq. and Chapter 608 of the Rules of the Finance Authority of Maine. 

 

 

Doctors for Maine's Future Scholarship

What is the Doctors for Maine's Future Scholarship?

This program provides scholarships for eligible students who enroll in a qualifying Maine-based medical school program.

 

Who can apply?

Any eligible student who is or will be enrolled in a qualifying Maine-based medical school program. Applicants must have commenced their medical education on or after July 1, 2009.

 

What are the eligibility criteria?

The student must have a substantial connection to the State of Maine and at least one year of residence in Maine for purposes other than education.

 

How do I apply?

You must contact your medical school directly. The institution will provide you with the information necessary to apply for the scholarship.

 

What is the deadline?

Each medical school determines the deadline at their institution.

 

What is the selection process?

Priority must be given to students who meet at least two of the following:

  • The student has received a high school diploma, or its equivalent, in Maine
  • The student has received a baccalaureate degree from a four year college or university in Maine
  • The legal residence of the student's parent or legal guardian is in Maine

What are the award amounts?

You may be awarded up to 50% of the institution's cost of attendance or $25,000 annually, whichever is less.

 

Is this award renewable?

Yes, up to four successive years. Contact the institution you are attending to learn about the renewal application requirements.

 

How are the funds disbursed?

Funds are disbursed twice per year as established by the medical school, typically in the fall and spring semesters.

 

Which medical schools participate in this program?

Current participants include:

  • Maine Medical Center/Tufts University School of Medicine Medical School Program (MMC-TUSM)
  • University of New England College of Osteopathic Medicine

What else should I know?

The number of scholarships offered by each institution varies.  Funding is limited.

 

This program is governed by Maine law as set forth in 20-A M.R.S.A. §12103-A and Chapter 616 of the Rules of the Finance Authority of Maine.

 

 

Maine Dental Education Loan Program

What is the Maine Dental Education Loan?

The Maine Dental Education Loan is a forgivable loan program for Maine residents pursuing postgraduate dental education. To receive loan forgiveness, a dentist must practice general dentistry full time in an underserved area of the State in an eligible dental care facility.

 

Who can apply?

Any Maine resident who is pursuing a career as a dentist and intends to practice primary dental care in an eligible dental care facility in an underserved area in Maine.

 

What are the eligibility criteria?

You must be a Maine resident, for purposes other than education, for a minimum of two years prior to matriculation into dental school. You must be admitted to a program of dentistry at an accredited institution of dental education, leading to a D.M.D. or D.D.S degree.

 

How do I apply?

Applications are available online in February of each year. Renewal applications are mailed to current recipients by the end of February. In addition to the application, you must complete the FAFSA.

 

What is the deadline?

The completed FAME application must be postmarked on or before May 30. 

 

What is the selection process?

Applications are reviewed by a selection committee.  Finalists are required to participate in an interview. 

 

What are the loan amounts?

You may receive up to $20,000 per year. The maximum aggregate amount is $80,000.

 

Is this loan renewable?

To receive renewal funding, the renewal application must be complete and postmarked on or before May 30.

 

How are the funds disbursed?

Disbursement of loan funds is made directly to the institution for credit to your account. 

 

Which institutions can I attend?

You may attend any accredited institution of dental education. 

 

How does the forgiveness option work?

Refer to the State of Maine Loans section of our web site for more information. 

 

What else should I know?

This loan program is highly competitive. The number of loans awarded each year limited and dependent upon available funding.

 

This program is governed by Maine law as set forth in 20-A M.R.S.A. § 12301 et seq. and Chapter 612 of the Rules of the Finance Authority of Maine.

 


Maine Dental Loan Repayment Program

What is the Maine Dental Loan Repayment Program?

This program provides loan repayment assistance for dentists practicing general dentistry in eligible dental care facilities in underserved areas of the state of Maine.

 

Who can apply?

Any dentist licensed to practice in Maine who is employed in or intends to establish a qualified practice, has qualifying outstanding dental education loans and is not under agreement for loan repayment from a program funded by the National Health Service Corps. The dentist does not have to establish prior Maine residency.

 

What is a Qualified Practice?

Your practice must:

  • Be in an underserved area of Maine
  • Accept all patients regardless of ability to pay through insurance or other source
  • Accept payment on a sliding fee scale for certain low-income individuals
  • Accept payment through MaineCare.
  • Does not limit to any individual based on payment source. 

How do I apply?

Applications are available online in February of each year.

 

What is the deadline?

Priority consideration is given to completed applications received by FAME with a postmark on or before May 30. Applications received after May 30 will be considered if funds are available. 

 

What is the selection process?

Applications are reviewed by a selection committee. If you are selected as a finalist, you may be requested to participate in an interview. 

 

What are the award amounts?

You may receive up to $20,000 per year. The maximum aggregate amount is $80,000. You must enter into an agreement requiring an initial two year commitment, which is renewable for an additional two years.

 

How are the funds disbursed?

Funds are disbursed directly to you for payment toward your outstanding dental education loans. You must provide evidence of payment of your outstanding education loans to receive subsequent disbursements.

 

What else should I know?

The number of loan repayments awarded each year is dependent upon available funding.

 

This program is governed by Maine law as set forth in 20-A M.R.S.A. §12301 et seq. and Chapter 612 of the Rules of the Finance Authority of Maine.

 

 

Maine Health Professions Loan Program

What is the Maine Health Professions Loan Program?

This is is a need-based, low interest loan program for Maine residents pursuing postgraduate medical, dental and veterinary education.

 

Who can apply?

Any Maine resident who has been admitted to a program of allopathic, osteopathic, veterinary medicine or dentistry at an institution of medical education that has been accredited by the appropriate accrediting agency.

 

What are the eligibility criteria?

You must:

  • Be a resident of Maine for purposes other than education, for a minimum of one year prior to matriculation into medical school
  • Be admitted to a program of allopathic, osteopathic, veterinary medicine or dentistry at an institution of medical education that has been accredited by the appropriate accreditation agency

How do I apply?

Applications are available online in February of each year. You must also submit the FAFSA. 

 

What is the deadline?

The completed FAME application must be postmarked on or before May 30. You must also submit the FAFSA. FAME recommends submitting the FAFSA as soon after January 1 as possible but no later than May 30.

 

What are the award amounts?

You may receive up to $25,000 annually, for a maximum of 4 years. 

 

Is this loan renewable?

Yes, awards are renewable based on available funding and a renewal application must be completed each year. Renewal applications are mailed to current recipients by the end of February.

 

How are the funds disbursed?

Disbursement of loan funds is made directly to the institution for credit to your student account. 

 

Can I use these funds at any college/university?

You must attend an accredited institution of medical, dental or veterinary education.

 

What else should I know?

This loan program is highly competitive.  The number of loans awarded each year is limited and dependent upon available funding. 

 

This program is governed by Maine law as set forth in 20-A M.R.S.A. §12101 et seq. and Chapter 617 of the Rules of the Finance Authority of Maine.

 

Please help us spread the word about this program by sharing this flyer

 

 

Maine Veterinary Medicine Loan Program

What is the Maine Veterinary Medicine Loan Program?

This is a need-based forgivable loan program established to help students defray the cost of enrollment in a program of study leading to a Doctor of Veterinary Medicine degree. 

 

Who can apply?

Any Maine resident who has been admitted to a program of study leading to a Doctor of Veterinary Medicine degree.  

 

What are the eligibility criteria?

You must:

  • Be a resident of Maine for purposes other than education for two years prior to matriculation at a veterinary school.
  • Be admitted to a program of study leading to a Doctor of Veterinary Medicine degree. Entry into veterinary school must be after January 1, 2011.
  • Demonstrate desire to practice in livestock veterinary medicine in an area of Maine with insufficient veterinary services.
  • Livestock is defined as cattle, oxen, equine, swine, sheep, goat, llama, alpacas, bison and/or cervids.
  • Insufficient Veterinary Service Areas are determined annually by the Maine Department of Agriculture and Rural Services. 

How do I apply?

Applications are available online in February of each year. In addition to the application, you must complete the FAFSA.

 

What is the deadline?

The complete FAME application must be postmarked on or before May 30. 

 

What is the selection process?

Applications are reviewed by a selection committee. Priority is given to applicants who demonstrate financial need and a high likelihood of practicing in livestock veterinary medicine in an area of Maine with insufficient veterinary services.

 

What are the loan amounts?

Loan amounts may be up to $25,000 annually, for a maximum of 4 years.

 

Is this loan renewable?

Yes, a renewal application must be completed by May 30 each year.

 

How are the funds disbursed?

Payment is made directly to the college/university you attend for credit to your student account.

 

Can I use the money at any veterinary school?

You must attend an accredited institution of veterinary education.

 

What else should I know?

This loan program is highly competitive. The number of loans awarded each year is limited and dependent upon available funding. 

 

This program is governed by Maine law as set forth in 20-A M.R.S.A §12121 et seq. and Chapter 618 of the Rules of the Finance Authority of Maine. 

 

 

John R. Justice Grant Program

What is the John R. Justice Grant Program?

The John R. Justice Grant (JRJ Grant) Program provides loan repayment assistance for state and federal public defenders and state prosecutors who agree to remain so employed for at least three years. For more information see Frequently Asked Questions.

 

 

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