94-457-618 Me. Code R. § 3
Current through 2024-51, December 18, 2024
The maximum loan amount available under the Program to each loan recipient is $25,000 per year for loans made prior to academic year 2023-24 and $35,000 for loans made beginning in academic year 2023-24 for a period of up to four years. In no event may a student receive loan funds which, when combined with other financial assistance, will exceed the student's cost of attendance at the institution. For purposes of determining terms of repayment and forgiveness, all loans under the Program will be consolidated.
94-457 C.M.R. ch. 618, § 3