LEWISTON — FISC Solutions, a provider of student loan servicing to over 25 community banks and credit unions in Maine announced Monday, March 1 the discontinuation of the Maine Advantage Education Loan Program. The Maine Advantage was started in 1997 by a group of Maine lenders and FISC to provide low cost Stafford and Plus Loans to Maine students and their families.
“FISC and our Lender clients have prided ourselves on providing low cost education loans to Maine people serviced right here in Maine for over 20 years. We are disappointed that we must discontinue the program, and it is unfortunate that community Maine lenders will no longer be able to offer this great product to their customers and members,” said Jill Parker, FISC’s senior vice president of operations. “We will continue to service existing Maine Advantage Education Loans for our clients, and we are pleased to offer their borrowers superior service from a local company.”
The Maine Advantage Education Loan Program will discontinue accepting new applications after March 15. Borrowers who have loan applications in process with the Maine Advantage Education Loan Program should contact FISC at 1-800-782-5772 to confirm the status of their loan.
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