Pickard Theater, Bowdoin College campus

Welcome to the Maine Educational Loan Authority (MELA) web site!

Overview of the Maine Educational Loan Authority (MELA) Learn more about the leadership of the Maine Educational Loan Authority Learn more about The Maine Loan(R) and apply online Learn more about The Maine Medical Loan(SM) and apply online Apply online for The Maine Loan(R) or The Maine Medical Loan(SM) Latest press releases from the Maine Educational Loan Authority (MELA) Read the Maine Educational Loan Authority's annual report MELA Rules Links to other helpful online resources Frequently Asked Questions Go to MELA.net homepage
The Maine Educational Loan Authority (MELA) was established in 1988 to assist students and their families to achieve their higher education goals by providing a supplemental or alternative student loan program. With education costs rising at rates higher than many people can afford, MELA's goal is to help students bridge the gap between the full cost of a college education and traditional sources of financial aid.
The Maine Loan® has a fixed interest rate of 7.75% and is available for the full cost of education minus financial aid.




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The Maine Medical Loansm has a fixed interest rate of 7.75%. The Maine Medical Loan also expanded its scope of eligible medical degrees beyond MD and DO to include dentistry, veterinary medicine, chiropractic and others.

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131 Presumpscot Street
Portland, ME 04103
TOLL FREE:  800-922-6352
PTLD AREA: 207-791-3600
customerservice@mela.net