Loan & Credit

Mar 11 2018

Maine DOE – Scholarships – Loans: Affording College, college loans for parents.#College #loans #for #parents

Scholarships Loans: Affording College

Paying for postsecondary education is one of the most significant investments you’ll make in life. It’s an investment with clear benefits in the form of improved skills and career prospects and considerably higher earnings potential, but an expensive one nonetheless

This page offers connections to resources that could help you afford that all-important investment.

  • Finance Authority of Maine. The Finance Authority of Maine (FAME) offers Maine residents help in saving for postsecondary education and accessing financial aid. The FAME website has a number of helpful resources for students, parents and school counselors.
  • Free Application for Federal Student Aid (FAFSA). The FAFSA is the first step in applying for virtually all types of student financial aid.
  • Tuition Break for New England Residents. Maine students are eligible for reduced tuition if they attend out-of-state public colleges and universities within New England to study an approved major not offered at a public college in Maine.
  • Competitive Skills Scholarship Program. The Competitive Skills Scholarship is available to Maine residents 18 and older who are already part of the workforce and want to learn new skills to succeed in a changing economy. The scholarship pays for the certificate or degree program of the recipient’s choosing.
  • Opportunity Maine Tax Credit. Students who earn an associate’s or bachelor’s degree from a Maine college and stay in Maine to work after graduation are eligible for a significant tax credit to help them repay their student loans.
  • Veterans Dependents Educational Benefits. Maine provides a 100% waiver of tuition and all related fees for spouses and dependents of veterans as defined in Title 37B, Chapter 7, Section 505(2).

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College loans for parents

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