Financial Aid

Cyr Hall • University of Maine at Fort Kent • 23 University Drive, Fort Kent, ME 04743
Email Us (207) 834-7605

Private Alternative Loan Lender List

Lender
Loan Program Name
Interest Options & Origination Fees Minimum / Maximum Repayment Options SAP Required Minimum Enrollment Degree Status Required Payment of Prior Balance
Wells Fargo Bank, N.A.
Wells Fargo Collegiate Loan
1-800-658-3567
Disclosure Information
No Fees
Variable and Fixed Rates
$1000 / 
Cost of attendance minus financial aid
  • Total Deferment up to 6 months after graduation
  • Interest Only Payments
  • Minimum Monthly Payment
No Less than half-time No Yes, 30 days after the end of semester
Sallie Mae
Salle Mae Smart Option Loan
1-888-272-5543
Disclosure Information
No Fees
Variable and Fixed Rates
$1000 / 
Cost of attendance minus financial aid
  • Total Deferment up to 6 months after graduation
  • Interest Only Payments
  • Minimum Monthly Payment
No Less than half-time No Yes, less than 365 days after the end of semester
Finance Authority of Maine
Maine Loan™
1-800-228-3734
Disclosure Information
Fixed Rate
0 Fees
$1000 / 
Cost of attendance minus financial aid
  • Immediate Repayment
  • Interest Only
  • Full Deferment
Total deferment up to 6 months after graduation for Interest Only & Full Deferment options
No At least 1/2 time No Yes, up to 12 months
Citizens Bank
Citizens Bank Student Loan
1-800-708-6684
Disclosure Information
No Fees
Variable and Fixed Rates
$1000 / 
Cost of attendance minus financial aid
  • Total Deferment up to 6 months after graduation
  • Interest Only Payments
  • Minimum Monthly Payment
No At least 1/2 time Yes Yes, up to 180 days after the end of semester
Union Federal Savings Bank
Union Federal Private Student Loan
1-800-708-6684
Disclosure Information
No Fees
Variable Rate
$1001 / 
Cost of attendance minus financial aid
  • Total Deferment up to 66 months from the date of first disbursement while enrolled at least 1/2 time
  • Interest Only Payment
  • Minimum Monthly Payment
No At least 1/2 time Yes Yes, up to 90 days after the end of semester
Suntrust Bank
Custom Choice Loan
1-866-230-5609
Disclosure information
No Fees
Variable and Fixed Rates
$1001 / 
Cost of attendance minus financial aid
  • Total Deferment up to 66 months from the date of first disbursement while enrolled at least 1/2 time, plus 180 days after graduation of dropping below 1/2 time
  • Interest Only Payment
No At least 1/2 time Yes Yes, up to 30 days after the end of semester
University Credit Union
UCU Private Education Loan
1-800-696-8628
Disclosure Information
No Fees
Rates based on credit score
$1500 / 
Cost of attendance minus  financial aid
  • Total Deferment while enrolled at least 1/2 time
  • Minimum Monthly Payment of $50
Yes At least 1/2 time Yes Yes, Prior year balance at currently enrolled school
Discover Bank
Discover Student Loans/Certified Private Loans
1-877-728-3030
Disclosure Information
No Fees
Variable and Fixed Rates
$1000 / 
Cost of attendance minus financial aid
  • Total Deferment while enrolled at least 1/2 time
  • Minimum Monthly Payment
Yes At least 1/2 time Yes No
Massachusetts Educational Financing Authority
MEFA Loan for Undergraduate Education
1-800-449-6332
Disclosure Information
4% with a co-borrower / 7% without a co-borrower
Fixed Rate
$1500 / 
Cost of attendance minus financial aid
  • Total Deferment up to 6 months after graduation Interest Only Payment
  • Minimum Monthly Payment of $50
Yes At least 1/2 time Yes Yes, only within the current academic year
Rhode Island Student Loan Authority
RISLA's Fixed Rate Loans
1-800-758-7562
Disclosure Information
Up to 4% Fee
Fixed Rate
$1500 / 
Cost of attendance minus financial aid
  • Total Deferment up to 6 months after graduation
  • Minimum Monthly Payment of $50
No At least 1/2 time Yes No
PNC Education Loan Center
PNC Student Loan Center
1-800-762-1001
Disclosure Information
No Fees
Variable and Fixed Rates
$1000 / 
Cost of attendance minus financial aid
  • Deferment Option
  • Interest Only Payment
No At least 1/2 time Yes Yes, up to 90 days after the end of semester
Maine Savings Bank
Private Education Loan
1-800-273-6700
Disclosure Information
2%-6% Fees based on credit score
Rates based on credit scores of borrower and co-borrower
$1500 / 
Cost of attendance minus financial aid
  • Deferment Option
  • Interest Only Payment
  • Minimum Monthly Payment
Yes At least 1/2 time Yes Yes, up to prior year at currently enrolled school
Seaboard Federal Credit Union
Maine Private Student Loan
207-469-6341
Disclosure Information
No Fees
Rates based on credit scores of borrower  and co­borrower
$1500 / 
Cost of attendance minus financial aid
  • Deferment Option
  • Interest Only Payment
  • Minimum Monthly
Yes At least 1/2 time Yes Yes, prior year
MidCoast Federal Credit Union
Private Education Loan
207-443-1831
Disclosure Information
2%-6% Fees
Variable Rates
$1500 / 
Cost of attendance minus financial aid
  • Deferment Option
  • Interest Only Payment
  • Minimum Monthly
Yes At least 1/2 time Yes Yes
Infinity Federal Credit Union
Infinity Credit Union Education Loan
207-854-6046
Disclosure Information
No fees to 2%-4% Fees based on credit score
Variable Rates
$1500 / 
Cost of attendance minus financial aid
  • Deferment Option
  • Interest Only Payment
  • Minimum Monthly
Yes At least 1/2 time Yes Yes, up to prior year at currently  enrolled school