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- Mar 16, 2013
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Wondering if there are any current UNECOM students (from Maine) on this forum that might be able to answer a few questions about Maine based loans for medical school. Has anyone applied for/received loans from the Maine Medical Education Foundation Loan Program? It seems to have much better interest rates than say the Graduate Plus loan, but I wonder if there are so downfalls to utilizing a private loan. It has a 0% interest rate while in school and then a tiered interest rate system while in residency, with a maximum interest rate of 5%. And, unlike the Graduate Plus loans, it does not have an origination fee. Also, I was wondering if anyone has had success with FAME's Maine Health Professions Loan? And, if there are any shortcomings of that one.