We’ll not powering a software cycle into the springtime out-of 2022 as we assess the program’s future. Once we have an upgrade to share with you, we’ll blog post it right here as soon as possible.
Regarding the Program
The Alfond Leadership Pupil Personal debt Protection Program provides education loan repayment assist with people that live and you may operate in Maine in a STEM-appointed career at a good Maine-depending workplace.
The newest during the 2020, college students that finished or will done its training or certification inside months from app schedules was welcome to pertain. The loan installment honors designed to current university students or students that are graduating, in the event that selected, are not signed up until he has got started a base updates into the Maine and have now relocated to the state.
Alfond Commander applicants need certainly to fill out a whole app as well as called for data files, that are because of Fame toward otherwise until the app due date. This consists of: your internet software, specialized college or university transcripts, newest restart, and you may copies of all of the loan comments.
There will be two software symptoms a-year: one in the new springtime and another on slide. The newest springtime app months is becoming finalized. The present day app course finalized on .
There are two main app range symptoms a year: one in this new springtime and another throughout the slip. The current application years for the Alfond Frontrunner program is actually .
Take note: an entire app and all of necessary data files are due to Glory into the or up until the deadline. Including:
Alfond Leadership may qualify for financing installment all the way to half of of its a good education loan harmony at the time of app toward program, never to surpass $60,000
- Your internet software
- Official college or university transcripts
- Newest resume
- Duplicates of all the mortgage statement
Alfond Leaders could possibly get be eligible for financing installment of up to 1 / 2 of of their a great education loan harmony in the course of application to your program, not to go beyond $60,100000
- Maine owners otherwise individuals who can be Maine citizens on becoming leased from the a good Maine-mainly based company.
- Men functioning, otherwise that employed, because of the good Maine-depending workplace in the a selected Stalk career. View here to possess a listing of Base jobs.
- On the spring 2021 app cycle, eligible applicants must have a top knowledge education otherwise certificate; otherwise has actually recently finished that have a qualification otherwise certificate between ; or be doing their studies otherwise certificate anywhere between .
- An applicant need to have a great education loan obligations.
- Liking are made available to candidates working regular in a few Base employment, as determined by Fame inside collaboration towards Alfond Frontrunners Consultative Panel.
Each other undergraduate and you may graduate student loans qualify having Alfond Management education loan fees. Completely new college loans as well as refinanced or consolidated student education loans qualify, considering they were especially for training expenditures. Moms and dad fund aren’t eligible.
Programs is actually assessed with the Alfond Leadership Consultative Committee. If you find yourself chose once the good finalist, you’re expected to participate in an 
interview. Alfond Management into the slip 2020 software stage, and that went away from , might possibly be chose and you can notified of the solutions just as much as within the .
Prizes is paid-in a couple of installment payments: the first payment was reduced after three years out of qualifying a career, as well as the next cost might be paid once an extra around three years of qualifying a position. A quote of any loans-prevention fees for somebody will be determined during the time out-of options since the a keen Alfond Leader and start to become reliant you to individual’s a great education loan loans at the time of application in order to the applying, also subject to most other conditions and terms. Keep in mind that a personal debt-cures commission will never be over the remainder stability from your figuratively speaking at the time of percentage.