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Educators for Maine Program

The Educators for Maine Program is a competitive, merit-based, forgivable loan for current Maine students pursuing careers in education or child care and planning to work in Maine after graduation.

Learn about forgiveness for the Educators for Maine loan.

How do I apply?

The Educators for Maine application is available to complete online. Once you begin the application, you must finish (the application cannot be started, saved, and then revisited).

High School Seniors: Educators for Maine Application & Instructions

Undergraduate and Graduate Students: Educators for Maine Application & Instructions

Who is eligible?

  • Maine residents.
  • Graduating high school seniors and undergraduate students accepted into postsecondary degree programs.
  • Post Baccalaureate & Graduate students must be attending at least half-time in an accredited U.S. college or university.  Matriculation is not required.
  • Students must have a cumulative grade point average of at least 3.0 on a 4.0 scale.
  • Undergraduate students must be enrolled full-time in an accredited U.S. college or university.
  • Students must be pursuing initial certification as a teacher, including speech pathology, or child care provider qualifications.
  • File FAFSA application for academic year attending.

How are students selected to receive the loan?

New applications are reviewed based on:

  • Academic performance
  • Grammar, style, and content of a 500-word essay
  • Preference is given to those enrolled in underserved subject area programs
  • Awards and special honors
  • Relevant activities

What are the 2022-2023 academic year loan amounts?

  • For undergraduate students, the loan amount is $4,000
  • For graduate students, the loan amount is $3,000
  • Award amounts are subject to change annually, but not less than $3,000 for undergraduate students and not less than $2,000 for post-baccalaureate and graduate students.

Is this loan renewable?

Yes, for up to 8 full-time semesters undergraduate and 4 full-time equivalent semesters graduate! To receive renewal funding, the completed renewal application must be completed on or before May 1. The FAFSA must be filed by May 1. You must continue to be a Maine resident and maintain a minimum cumulative GPA of 2.5 on a 4.0 scale.

The renewal loan amount is not guaranteed to be the same amount received previously.

FAME will email current recipients a link to the online renewal application by the end of February.

How are loan funds paid to the college/university?

FAME pays loan funds directly to the college/university for credit to your account.

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 for new loans 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.