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167 chapters · 1,156 sections in this title.
20-A M.R.S. § 11401 General provisions
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1. Purpose. The purpose of this subchapter is to allow the authority to continue a student loan insurance program, meeting certain federal requirements, in order to secure loans to students attending institutions of higher education, including career and technical education train…
20-A M.R.S. § 11402 Loan programs administered
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In accordance with the federal Higher Education Act of 1965, 20 United States Code, Chapter 28, Subchapter IV, Part B, as amended, the Finance Authority of Maine shall administer the Robert T. Stafford Loan Program, the Parent Loans to Undergraduate Students Program and the Suppl…
20-A M.R.S. § 11403 Student Loan Insurance Fund
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1. Establishment. There is established the Student Loan Insurance Fund, to be used by the authority as a nonlapsing, revolving fund for carrying out this subchapter. 2. Fund; charges and credits. Charges and credits are as follows. A. All expenses of the authority for its operati…
20-A M.R.S. § 11404 Additions to Student Loan Insurance Fund
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1. Request of authority. The authority may, in writing, request the Governor to provide additional funds to add to the Student Loan Insurance Fund to meet its obligations. 2. Transfer of funds. The Governor shall transfer to the fund sufficient money for the requested purpose fro…