Educators for Maine is a forgivable loan program administered by the Finance Authority of Maine (FAME) for Maine students pursuing careers in education. Awards are based on academic achievement. Awards are up to $3,000 per year (total of $12,000) for full-time undergraduate students and up to $1,500 per year (total of $6,000) for post-baccalaureate students. These are renewable loans that can be forgiven by teaching in a Maine public elementary or secondary school upon graduation.  Otherwise, for NEW loan recipients  who began in the 2017-2018 academic year, the loan would need to be repaid at a fixed rate of 5.0%.  Previous borrowers, who do not receive loan forgiveness, are advised to consult their promissory note or the Finance Authority of Maine (famemaine.com; (800) 228-3734) for further details.

You may apply for this program if you are:

  • Pursuing a career in education, AND
  • A resident of Maine, AND
  • A high school senior, GED recipient, or a college student currently enrolled in a higher education institution and are maintaining a minimum 3.0 GPA (on a 4.0 grade point scale).

You may also apply for this program if you:

  • Are a resident of Maine, AND
  • Already hold a bachelor’s degree with at least a 3.0 GPA (on a 4.0 Grade point scale), AND
  • Are enrolled in or applied for enrollment in a post baccalaureate program leading to certification as a teacher, speech pathologist, or child care provider.

Applications are available in the financial Aid Office as well as through FAME.  Applications must be postmarked by May 1, 2017.

Application for Graduating High School Seniors

Application for Undergraduate Students

Application for Post-Baccalaureate Students