Maine § 20-A §12922 Maine Science, Technology, Engineering and Mathematics Loan Program

Maine Statutes

§ 20-A §12922 — Maine Science, Technology, Engineering and Mathematics Loan Program

Maine § 20-A §12922

Title 20-AEDUCATION

Part 5POST-SECONDARY EDUCATION

Ch. 439MAINE SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS LOAN PROGRAM

This text of Maine § 20-A §12922 (Maine Science, Technology, Engineering and Mathematics Loan Program) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 20-A, § 20-A §12922 (2026).

Text

The Maine Science, Technology, Engineering and Mathematics Loan Program is established to increase the number of students in this State pursuing undergraduate and graduate degrees in the fields of science, computer science, technology, engineering and mathematics. The authority shall provide loans in amounts up to $7,500 per year for a maximum of 5 years to selected STEM students. As used in this section, "employed in the field of science, computer science, technology, engineering or mathematics" includes a person employed as an educator in any of those fields.

1.Annual interest rate of 0%. A STEM student may receive a loan bearing an annual interest rate of 0% if the student upon graduation:

2.Annual interest rate of 5%. A STEM student may receive a loan bearing an annual interest rate

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The Maine Science, Technology, Engineering and Mathematics Loan Program is established to increase the number of students in this State pursuing undergraduate and graduate degrees in the fields of science, computer science, technology, engineering and mathematics. The authority shall provide loans in amounts up to $7,500 per year for a maximum of 5 years to selected STEM students. As used in this section, "employed in the field of science, computer science, technology, engineering or mathematics" includes a person employed as an educator in any of those fields.
1.
Annual interest rate of 0%.
A STEM student may receive a loan bearing an annual interest rate of 0% if the student upon graduation:
2.
Annual interest rate of 5%.
A STEM student may receive a loan bearing an annual interest rate of 5% if the student upon graduation:
3.
Annual interest rate of 8%.
A STEM student may receive a loan bearing an annual interest rate of 8% if the student does not remain in or return to the State to live and work upon graduation.