Scholar Resources and Information

“Student debt reduction and loan repayment programs may be the single most important step our scholars can take upon graduation to reduce their debt. I recommend any loans our scholars take be restricted to the federal government”

David Worthington 

Useful Links

FINANCIAL PLANNING

U.S. Department of Education Website
Free information from the Dept of Education on preparing for and funding education beyond high school.

Free Application for Federal Student Aid (FAFSA)
Everything you need to know about filing a Free Application for Federal Student Aid, which is required to apply for federal grants, scholarships, and loans. The FAFSA can be filed beginning on October 1st for the academic year that begins the following September.

The FSA ID
The FSA ID is a username and password combination that serves as a student’s or parent’s identifier to allow access to personal information in various U.S. Department systems and acts as a digital signature on some online forms. Students and parents, if the student is dependent, need to create a FSA ID before beginning the FAFSA.

Funding Education Beyond High School: The Guide to Federal Student Aid
This document is a comprehensive resource about grants, loans and work study from the U.S. Department of Education. Available in both English and Spanish (1-800-4FEDAID).

U.S. Department of Education Financial Aid
Information on grants, finding financial aid in general, and managing student loans.

FAME. Through a variety of loan, grant and scholarship programs, FAME helps Maine students and families meet the costs associated with higher ed.   FAME also oversees an extensive outreach and counseling program designed to encourage young people to aspire to and pursue higher education.

FAME also administrates the State’s Section 529 Plan – the NextGen College Investing Plan.

STUDENT DEBT REDUCTION AND LOAN REPAYMENT

Opportunity Maine Government program that reimburses Maine student loan payments for college graduates who live and work in Maine.

Alfond Leaders Program. The Alfond Leaders student debt reduction program provides student loan repayment assistance to people who live and work in Maine in a STEM-designated occupation at a Maine-based employer. See this link for STEM careers: https://www.onetonline.org/find/stem?t=O

Worthington Scholarship Foundation