Private Student Loans

Sometimes your savings and financial aid options are not enough to cover the full cost of your education. Our private student loan bridges the gap between savings, financial aid, and the cost of working toward a degree. Your future is bright!

Advantages

How much can I borrow?

  • Minimum loan amount: $2,000
  • Maximum loan amount: Cost minus aid (maximum $40,000 per year, $200,000 total)

Eligibility

  • You must be enrolled at least half time in an eligible degree or certificate program
  • School certification is required
  • You must meet credit standards (with or without a cosigner)
  • Maine residents going to Maine or out-of-state colleges and universities are eligible
  • Out-of-state residents attending Maine colleges and universities are eligible.
  • Must be a cPort Credit Union member in good standing.

When do I start repaying my loan?

  • You can start payments of principal and interest right away.
  • You can defer payments of principal and interest while you are enrolled in school at least half time. Principal and interest payments begin following a six month grace period after you leave school.
  • You can defer payments of principal, and make interest only payments while you are enrolled in school at least half time. Full principal and interest payments begin following a six month grace period after you leave school.
APPLY NOW
CHECK YOUR STUDENT LOAN APPLICATION STATUS
CONTINUE A PREVIOUS APPLICATION
COSIGNER PORTION OF THE APPLICATION

Membership Eligibility for a cPort Credit Union Account

You are eligible to open an account at our Maine credit union if you live or work in Cumberland, Kennebec, Sagadahoc, Androscoggin, or York County.

To learn more or to open your account, call us at 1-800-464-0253, email [email protected], or visit your local credit union branch in Portland, Scarborough, or Augusta.