Apply for a Private Student Loan

If you are like many students and families, you may have a gap between the cost of higher education and financial aid, including federal student loans. Many families take out private student loans to pay the difference. Private student loans are often credit-based and are offered through a bank, credit union, or state agency. Not all private student loans are the same. There are different types of interest rates, repayment options, and more. Be sure to read all disclosures provided to you when you apply for a loan. These Maine lenders are part of the Maine Private Education Loan Network (the “Network”), and each offers a private student loan with various features, terms, and fees.

You can select a local Maine lender from the Network by clicking the logo link to see information about their loan offering or to get to their application. You may also use this handy tool to get a quick glance at or comparison of the lender’s loan features, terms, and fees. Unless otherwise stated, the three rates shown are the rates that are available to borrowers with credit scores that are best, better, and good, respectively.

Maine State Credit Union

Certified Private Student Loan (for members)

RATE TYPE:Variable
RATE RANGE:3.25%, 5.40%, or 6.95% based on credit score
GUARANTEE FEE:0%, 2%, or 4%, based on credit score
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Finance Authority of Maine

Maine Medical Loan

RATE TYPE:Fixed
RATE RANGE:2.79%, 3.79%, or 4.79% based on repayment option selected
GUARANTEE FEE:0%
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Bath Savings

Certified Private Student Loan

RATE TYPE:Variable
RATE RANGE:3.00%, 4.25%, or 6.75% based on credit score
GUARANTEE FEE:0%, 2%, or 4%, based on credit score
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Camden National Bank

Certified Private Student Loan

RATE TYPE:Variable
RATE RANGE:3.25%, 5.25%, or 7.25% based on credit score
GUARANTEE FEE:0%, 2%, or 4%, based on credit score
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cPort Credit Union

Certified Private Student Loan (for members)

RATE TYPE:Variable
RATE RANGE:3.05%, 4.05%, or 6.05% based on credit score
GUARANTEE FEE:0%, 2%, or 4%, based on credit score
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Finance Authority of Maine

Maine Loan

RATE TYPE:Fixed
RATE RANGE:2.79%, 3.79%, or 4.79% based on repayment option selected
GUARANTEE FEE:0%
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Seaboard Federal Credit Union

Certified Private Student Loan (for members)

RATE TYPE:Variable
RATE RANGE:3.25%, 7.50% or 9.75% based on credit score
GUARANTEE FEE:Zero
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University Credit Union

Certified Private Student Loan (for members)

RATE TYPE:Variable
RATE RANGE:3.25%, 5.25%, or 7.25% based on credit score
GUARANTEE FEE:Zero
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Bangor Savings Bank

Certified Private Student Loan

RATE TYPE:Variable
RATE RANGE:3.25%, 5.25%, or 7.25% based on credit score
GUARANTEE FEE:0%, 2%, or 4%, based on credit score
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Please note: The information that is available through these links is provided by each individual lender and each is responsible for the accuracy of the information. While FAME believes the information is correct, it cannot guarantee the information is always up-to-date. You should review the rates and fees on the individual lender’s website and application to confirm current information.