Maine Education Services, in partnership with our client partners, is committed to making higher education more affordable for Maine families, and students attending school in Maine. Both MELA and the Maine Medical Association contract with MES for administrative and marketing services of their programs.
The
Maine Loanis MELA's private alternative
loan. With an interest rate of 6.99% and other
features, such as the ability to defer principal payments (interest payments are required)
while the student is in school and longer repayment periods,
it is the most attractive alternative loan for Maine families.
The Maine Medical Loan was introduced in 1998 to help medical students bridge the gap between the amount that they can borrow through federal loan programs and the full cost of medical school. It has the most competitive rates and most flexible payment terms of any medical alternative loan.
The Maine Medical Education Foundation (MMEF) Loan Program was established in the 1960's by the Maine Medical Association (MMA) to make loans available to Maine residents pursuing a degree of Doctor of Medicine (MD) or Doctor of Osteopathic Medicine (DO). This loan offers a low, fixed interest rate during loan repayment.
The MELA
Private Consolidation Loanwas designed to enable borrowers to consolidate qualified alternative loans at a lower interest rate than students are either already paying or can obtain by consolidating with another lender. With a variable interest rate of 7.58% (7.931% APR*), this loan may be a useful debt management strategy for your consideration.
