There are a variety of loan programs available to help finance your college education. Before applying for any loan, evaluate each loan program carefully to choose the loan program that best suits the needs of you and/or your family paying special attention to repayment terms. Some loans defer repayment until after the student leaves school and some enter repayment immediately.

The average Federal loan indebtedness for University of Maine undergraduates at graduation in 2016 was $26,316.

Some loans may be listed on a student’s financial aid award, but additional steps may be required in order to receive the loan funds. Other loans have specific application processes. Click the links to the right for more information about the different types of loans and how to apply for them.