reglab/statecodes huggingface dataset:
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 612 - MAINE DENTAL EDUCATION LOAN AND LOAN REPAYMENT PROGRAMS › Section 457-612-III - Loans for Dental Students Program

Current through 2024-29, July 17, 2024
A. Application
				deadline. Applications for loans must be received at the Authority on or before
				the application deadline as set by the Authority, annually. In the event funds
				are available for additional loans after the Authority has considered all
				applications received on or before the deadline, the Authority may consider
				additional applications.
B.
				Eligibility. To receive a loan an applicant must:
1. Be a Maine resident.
2. Provide all financial aid information
				requested by the Authority prior to any deadline established by the Authority
				and evidence financial need for a loan.
3. Be admitted to a program of dentistry at
				an institution of medical education that has been accredited by the appropriate
				accreditation agency.
4.
				Demonstrate, in an application essay, an interest in practicing primary dental
				care in an underserved population area and serving patients regardless of
				ability to pay through insurance or other payment sources.
5. Applicants agree to be interviewed if
				requested by the Authority.
6.
				Loans may not be used as a substitute for:
a.
				Reserved;
b. Reserved;
c. Financial aid from funds of an
				institution;
d. Any other financial
				aid available from the loan applicant's undergraduate college or university or
				any professional medical associations;
e. Loans made pursuant to Title VII of the
				Federal Public Health Service Act;
f. Notwithstanding the foregoing, a financial
				aid officer from an institution may request that loans from the Authority
				pursuant to this Rule substitute for any of the financial aid listed if such
				substitution will be in the best interests of the applicant. Such requests may
				be granted in the discretion of the chief executive officer. The chief
				executive officer's decision on any such request shall be final.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 612 - MAINE DENTAL EDUCATION LOAN AND LOAN REPAYMENT PROGRAMS › Section 457-612-IV - Allocation of Funds

Current through 2024-29, July 17, 2024
The chief executive officer shall announce, no later than
				  July 30 annually, the allocation of available funds between the Loan Repayment
				  Program and the Loans for Dental Students Program. In the event that all funds
				  available for use in the programs have not been awarded by September 30, the
				  chief executive officer may reallocate funds among the programs.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 612 - MAINE DENTAL EDUCATION LOAN AND LOAN REPAYMENT PROGRAMS › Section 457-612-V - Waiver of Rule

Current through 2024-29, July 17, 2024
The chief executive officer may waive any requirement of this
				  rule, except to the extent that the requirement is mandated by the Act, in
				  cases where the deviation from the rule is insubstantial and is not contrary to
				  the purposes of the program.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 612 - MAINE DENTAL EDUCATION LOAN AND LOAN REPAYMENT PROGRAMS › Section 457-612-VI - Stakeholders

Current through 2024-29, July 17, 2024
In administering the programs hereunder, and assessing their
				  effectiveness, the chief executive officer may consult stakeholders from the
				  dental community, including but not limited to representatives of dental
				  education and practitioner communities in the State of Maine and organizations
				  representing the interests of low-income communities in the State of Maine. The
				  chief executive officer may convene stakeholders to participate in, among other
				  things, selection of loan and loan repayment agreement recipients and the
				  allocation of funds between the programs.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 613 - THE QUALITY CHILD CARE EDUCATION SCHOLARSHIP PROGRAM › Section 457-613-1 - Definitions

Current through 2024-29, July 17, 2024
A.
Authority
. The "Authority"
				means the Finance Authority of Maine.
B.
Eligible program of study
.
				"Eligible program of study" means a course or courses related to early
				childhood education or child development. If a student is enrolled in a degree
				program at an institution of higher education that will lead to a degree in
				early childhood education or child development, "eligible program of study"
				shall include so-called "core" courses required to obtain such degree. If a
				student is not enrolled in such a degree program, only courses directly
				involving aspects of early childhood education or child development will be
				considered as an "eligible program of study."
B1.
Expected family
				contribution
. "Expected family contribution" means the amount that a
				student and his or her family may be reasonably expected to contribute towards
				postsecondary education for the academic year for which the student seeks a
				Program scholarship, determined using federal methodology.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 613 - THE QUALITY CHILD CARE EDUCATION SCHOLARSHIP PROGRAM › Section 457-613-2 - Student Eligibility

Current through 2024-29, July 17, 2024
To be eligible for consideration for the Program the student
				  must meet each of the following eligibility criteria:
A. The student must be a U.S. citizen or an
				eligible non-citizen defined as follows:
(1)
				U.S. national, or
(2) U.S.
				permanent resident having an Alien Registration Receipt Card (I-151 or
				I-551).
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 613 - THE QUALITY CHILD CARE EDUCATION SCHOLARSHIP PROGRAM › Section 457-613-3 - Institution Eligibility

Current through 2024-29, July 17, 2024
To be eligible to participate in the Program an institution
				  must enter into a participation agreement with the Authority and comply with
				  the following criteria:
A. Be an
				institution of higher education, as defined in Section 1, or be a
				course-offering institution with articulated agreements with one or more
				institutions of higher education.
B. Provide such information relevant to the
				student's and institution's participation in and eligibility under the Program
				as requested by the Authority.
C.
				Have one person responsible for the financial aid program.
D. Verify that the student recipients are in
				good standing within any applicable institutional standards and are enrolled in
				an eligible program of study and have met the student eligibility criteria set
				forth in Section 2 and other criteria for subsequent Program scholarships as
				set forth in Section 5.
E.
[Repealed] (Amendment 2)
>
F.
[Repealed] (Amendment
				2)
>
G.
[Repealed] (Amendment 2)
>
H.
[Repealed ] (Amendment
				2)
>
I. Certify that
				appropriate auditing and control procedures have been utilized in the operation
				of the Program at the institutional level.
J. Certify that the scholarship will not
				reduce institutional or other grant aid to the student, unless the
				institutional or other grant aid is subsequently granted to a student with
				demonstrated financial need, and further certify that the student is not known
				to be receiving a Maine Roads Scholarship from the Muskie Institute for the
				same course(s) for which the Program scholarship is sought.
K. Have a drug/alcohol free work place policy
				and have related policies for student recipients in place.
L. Certify that the Program scholarships have
				not resulted in an over-award to any student.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 613 - THE QUALITY CHILD CARE EDUCATION SCHOLARSHIP PROGRAM › Section 457-613-4 - Determination of Need

Current through 2024-29, July 17, 2024
The Chief Executive Officer shall establish the need of a
				  student for a Program scholarship for an eligible program of study for which
				  the student applies. A student shall be considered to have a need to qualify
				  for a Program scholarship if the student's expected family contribution does
				  not exceed the limit set annually by the Authority, and the student has not
				  been awarded a Maine Roads Scholarship from the Muskie Institute for the same
				  courses(s) for which the Program scholarship has been sought.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 613 - THE QUALITY CHILD CARE EDUCATION SCHOLARSHIP PROGRAM › Section 457-613-5 - Length of Scholarship; period of study

Current through 2024-29, July 17, 2024
A. A
				scholarship shall be for a period not to exceed one academic year. A
				scholarship recipient who remains eligible shall be considered in the
				succeeding award year only upon completion of and compliance with any and all
				requirements of the institution or the Authority, as applicable.
B.
[Repealed] (Amendment
				4)
>
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 613 - THE QUALITY CHILD CARE EDUCATION SCHOLARSHIP PROGRAM › Section 457-613-6 - Determination of Scholarship

Current through 2024-29, July 17, 2024
Scholarships to eligible students shall be determined as
				  follows:
A. Eligible students shall be
				awarded scholarships for eligible programs of study at eligible institutions by
				the institutions according to the procedures of the institutions, except that
				the Authority shall award scholarships for eligible programs of study at
				eligible institutions to non-degree students and students seeking subsequent
				scholarships at out of State institutions who received scholarships in the
				2007-2008 academic year. Scholarships awarded by the Authority will be on a
				first come, first served basis.
B.
				Scholarships awarded under this chapter may not exceed $500 per course within
				an eligible program of study, for a maximum of two (2) courses per semester and
				up to a maximum of $2,000 per student per year.
C. If a recipient of a scholarship withdraws
				from an institution and the student is entitled to a refund of tuition, fees or
				other charges, the institution shall make a repayment of the recipient's award
				directly to the Authority in accordance with the institution's published refund
				policy. If, however, the institution notifies the Authority of another eligible
				student at the time of notice of repayment, the Authority may allow the
				institution to award the refund to such student and the institution will be
				required to provide documentation thereof to the Authority.
D. Refunds received by the Authority during
				the academic year will be added to the funds reserved by the Authority pursuant
				to Section 8 and redistributed accordingly.
(1)
[Repealed] (Amendment
				4)
>
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 613 - THE QUALITY CHILD CARE EDUCATION SCHOLARSHIP PROGRAM › Section 457-613-8 - Payment Procedures

Current through 2024-29, July 17, 2024
The Authority will make Program scholarship funds available
				  to participating institutions for award to eligible students on an annual basis
				  according to allocation and distribution guidelines to be determined by the
				  Authority from time to time. The amounts available to institutions annually is
				  subject to available funds. The Authority may set aside up to 10% of available
				  funds annually as a reserve, first for the needs of non-degree students and
				  students at out of State schools who received Program scholarships in the
				  2007-2008 academic year and are eligible for subsequent scholarships, then for
				  the needs of institutions which have not previously participated in the
				  Program, and then for other Program purposes as determined by the
				  Authority.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 613 - THE QUALITY CHILD CARE EDUCATION SCHOLARSHIP PROGRAM › Section 457-613-9 - Program Review

Current through 2024-29, July 17, 2024
The Authority may periodically conduct a program review of a
				  participating institution's operation of the Program, and may offer technical
				  assistance to the institution.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 613 - THE QUALITY CHILD CARE EDUCATION SCHOLARSHIP PROGRAM › Section 457-613-10 - Waiver of Rule

Current through 2024-29, July 17, 2024
The Chief Executive Officer may waive any requirement of this
				  rule, except to the extent that the requirement is mandated by applicable law,
				  in cases where deviation from the rule is insubstantial.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 614 - THE UNIVERSITY OF MAINE SYSTEM SCHOLARSHIP PROGRAM › Section 457-614-1 - Definitions

Current through 2024-29, July 17, 2024
A. Academic year and in attendance. "Academic
				year" and "in attendance" have the same meanings as in the definitions of these
				terms contained in the Higher Education Act of 1965, Section 1201, as amended,
				United States Code, Title 20, Section 1141; and the Higher Education Act of
				1965, Section 491, as amended, United States Code, Title 20, Section 1088; and
				the regulations, guidelines and procedures promulgated by the Secretary of
				Education and published in the Federal Register pursuant to these sections of
				federal law.
B. Authority. The
				"Authority" means the Finance Authority of Maine.
C. Eligible program of study. "Eligible
				program of study" means a certificate/diploma program of at least one year, an
				associate degree program or a baccalaureate degree program.
D. Chief Executive Officer. "Chief Executive
				Officer" means the Authority's Chief Executive Officer or a person acting under
				the supervisory control of the Chief Executive Officer.
E. Resident of the State. "Resident of the
				State" means an applicant who is eligible for in-state tuition pursuant to the
				published guidelines of the University of Maine System.
F. State. "State" means the State of
				Maine.
G. Program. "Program" means
				the University of Maine System Scholarship Fund Program established by
				 20-A MRSA
				§11631.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 614 - THE UNIVERSITY OF MAINE SYSTEM SCHOLARSHIP PROGRAM › Section 457-614-2 - Student Eligibility

Current through 2024-29, July 17, 2024
To be eligible for consideration for the Program the student
				  must meet each of the following eligibility criteria:
A. The student must be a U.S. citizen or an
				eligible non-citizen defined as follows:
(1)
				U.S. national, or
(2) U.S.
				permanent resident having an Alien Registration Receipt Card (I-151 or I-551),
				or
(3) Other eligible non-citizen
				having one of the following documents from the U.S. Immigration and
				Naturalization Service:
(a) Arrival-Departure
				Record (I-94) showing:
(i) "refugee,"
				or
(ii) "adjustment applicant,"
				or
(iii) "conditional entrant,"
				or
(iv) "indefinite parole";
				or
(b) An official
				statement that the student has been granted asylum in the U.S., or
(4) Provide evidence from the U.S.
				Immigration and Naturalization Service that he or she is a permanent resident
				of the United States; or is in the United States for other than a temporary
				purpose with the intention of becoming a citizen or permanent resident; or is a
				permanent resident of the Trust Territory of the Pacific Islands.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 614 - THE UNIVERSITY OF MAINE SYSTEM SCHOLARSHIP PROGRAM › Section 457-614-3 - Institution Eligibility

Current through 2024-29, July 17, 2024
All accredited campuses of the University of Maine System
				  institutions of higher education are eligible to participate in the
				  Program.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 614 - THE UNIVERSITY OF MAINE SYSTEM SCHOLARSHIP PROGRAM › Section 457-614-4 - Determination of Need

Current through 2024-29, July 17, 2024
Each participating educational institution shall establish
				  the need of a student for a Program grant for an academic year for which the
				  student applies in a manner satisfactory to the Chief Executive Officer.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 614 - THE UNIVERSITY OF MAINE SYSTEM SCHOLARSHIP PROGRAM › Section 457-614-5 - Length of Grant; period of study

Current through 2024-29, July 17, 2024
A. A grant shall
				be for a period not to exceed one academic year.
B. A student may receive a grant during the
				period required for the completion of the first undergraduate baccalaureate
				course of study being pursued by that student at the institution at which the
				student is in attendance. The period may not exceed 150% of the published
				length of the program in which the student is enrolled, as published by the
				institution the student is attending, measured in academic years, academic
				terms or credit hours attempted, as appropriate.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 614 - THE UNIVERSITY OF MAINE SYSTEM SCHOLARSHIP PROGRAM › Section 457-614-7 - Payment Procedures

Current through 2024-29, July 17, 2024
Funds will be issued to the institution pursuant to the
				  following procedures:
A. The Authority
				will allocate available program funds by providing to each eligible institution
				a percentage of the funds available which is equal to that institution's
				percentage of the full time equivalent, in-state students attending the
				University of Maine System as a whole, as published by the Chancellor of the
				University of Maine System. For example, if an eligible institution enrolls 10%
				of all of the full time equivalent students of the University of Maine System
				the previous fall, then that campus will receive 10% of the available funds.
				The Chancellor's Office will notify the Authority annually no later than
				February 15 of the number of full time equivalent students attending the
				University of Maine System in the immediately preceding fall semester, as well
				as the number of full time equivalent students enrolled at each eligible
				campus.
B. No later than March 1,
				the Authority will provide each institution an estimate of the funds that will
				be available to that institution for distribution.
C. The Authority will disburse available
				funds to each institution in accordance with the allocation formula no later
				than August 15 or the first business day following August 15.
D. If a recipient of a grant withdraws from
				an institution and the student is entitled to a refund of tuition, fees or
				other charges, the institution may award such amounts to another eligible
				student.
E. No later than May 15
				(or the first business day following May 15), each institution must provide the
				Authority with a final roster and reconciliation. The roster will include all
				recipients of program funds and the amounts received, as well as a
				certification from the submitting institution that the recipient all
				eligibility criteria. The reconciliation shall identify any interest earned on
				undisbursed funds and the use of such interest. Any unspent funds in excess of
				$500 must be returned to the Authority for disbursement the following
				year.
F. For academic year
				2001-2002 the deadlines listed in subsection A-C above will be adjusted so that
				the Program may be implemented upon final adoption of this rule.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 614 - THE UNIVERSITY OF MAINE SYSTEM SCHOLARSHIP PROGRAM › Section 457-614-9 - Waiver of Rule

Current through 2024-29, July 17, 2024
The Chief Executive Officer may waive any requirement of this
				  rule, except to the extent that the requirement is mandated by the Act, in
				  cases where deviation from the rule is insubstantial.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 615 - HIGHER EDUCATION LOAN PURCHASE PROGRAM › Section 457-615-I - Definitions

Current through 2024-29, July 17, 2024
A. Certain terms used in this rule, which are
				defined in the Finance Authority of Maine Act,
				 10 M.R.S.A.
				§961 and following and in 20-A M.R.S.A.
				Chapter 417-F shall have the meanings set forth therein, unless clearly
				specified otherwise or unless the context clearly indicates
				otherwise.
B. Defined Terms
1. "Bonds" includes bonds, notes, commercial
				paper, pass-through instruments or any other evidences of
				indebtedness.
2. "Borrower" means
a. a person who is a attending an institution
				of higher education eligible to participate in programs under Title IV of the
				Higher Education Act located in Maine;
b. a Maine resident, attending such an
				institution of higher education located outside of Maine;
c. the parent of an individual identified in
				a or b above; or
d. with respect to
				a consolidation loan only, an individual who received an eligible loan that is
				to be consolidated while a borrower described in a, b, or c
				above.
3. "Borrower
				benefits" include fee, principal or interest rate reductions or any other
				enhancement that lowers the cost of borrowing for the loan recipient of an
				eligible loan financed under the program.
4. "Chief executive officer" means the chief
				executive officer of the Authority or a person acting under the supervisory
				control of the chief executive officer
5. "Eligible lender" means the Authority and
				the Federal Government and any financial institution, credit union or
				institution of higher education that is an eligible lender under the federal
				Higher Education Act of 1965, Public Law 89-329, 79 Stat. 1219, Title IV, as
				amended, or under the federal Health Professions Educational Assistance Act of
				1976, Public Law 94-484, 90 Stat. 2243, as amended, as applicable or, in each
				case, any successor provision, that is approved by the Authority for
				participation in the program.
6.
				"Eligible loan or "loan" means a loan originated under the federal Higher
				Education Act of 1965, Public Law 89-329, 79 Stat. 1219, Title IV, as amended,
				or under the federal Health Professions Educational Assistance Act of 1976,
				Public Law 94-484, 90 Stat. 2243, as amended, in each case along with any
				successor provision, by an eligible lender to a borrower, or under any student
				loan program administered by the Authority.
7. "Finance" means the origination,
				acquisition or refinancing of eligible loans including through loans to
				eligible lenders.
8. "Maine
				resident" means a resident of the State as provided in the Higher Education Act
				or the regulations promulgated thereunder.
9. "Program" means the Higher Education Loan
				Purchase Program.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 615 - HIGHER EDUCATION LOAN PURCHASE PROGRAM › Section 457-615-II - Forward purchase contracts with eligible lenders

Current through 2024-29, July 17, 2024
A. The Authority may enter into contracts
				with eligible lenders to purchase eligible loans to borrowers. Each contract
				may provide:
1. That the Authority will
				purchase eligible loans originated by eligible lenders and may limit purchases
				of loans to eligible loans evidenced by a Promissory Note approved by the
				Authority.
2. That one or more
				servicers selected by the Authority may process the origination of eligible
				loans at the request of the lender..
3. That eligible loans held by the Authority
				will be serviced by one or more servicers selected by the Authority pursuant to
				a Master Servicer Agreement.
4.
				Loans must be held by the Lender for a minimum period of time prior to purchase
				to be determined by the chief executive officer.
5. Such other terms and conditions as are
				customary in the industry, as determined by the chief executive
				officer.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 615 - HIGHER EDUCATION LOAN PURCHASE PROGRAM › Section 457-615-III - Loan Origination

Current through 2024-29, July 17, 2024
The Authority may originate any loan under the program,
				  either directly, or indirectly through a lender trustee.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 615 - HIGHER EDUCATION LOAN PURCHASE PROGRAM › Section 457-615-IV - Borrower Benefits

Current through 2024-29, July 17, 2024
The Authority will provide borrower benefits as determined by
				  the members of the Authority, or by a subcommittee of the members of the
				  Authority specifically delegated that responsibility, on the basis of providing
				  the best combination of borrower benefits based on the projected cash flow and
				  the student loan market, taking into account the probability that a borrower
				  will receive the benefit available. Borrower benefits that are available to all
				  borrowers without request or requirement will be preferred.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 615 - HIGHER EDUCATION LOAN PURCHASE PROGRAM › Section 457-615-V - Bond Terms

Current through 2024-29, July 17, 2024
The members of the Authority or a subcommittee of the members
				  of the Authority specifically delegated that responsibility will determine the
				  terms of the bonds.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 615 - HIGHER EDUCATION LOAN PURCHASE PROGRAM › Section 457-615-VI - Program Branding

Current through 2024-29, July 17, 2024
The Authority may offer the program to lenders and schools
				  under a name to be selected by the members. Schools and lenders may use the
				  name as they deem appropriate.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 615 - HIGHER EDUCATION LOAN PURCHASE PROGRAM › Section 457-615-VII - Confidentiality of Borrower Information

Current through 2024-29, July 17, 2024
A. The Authority
				will provide in any contract binding the Authority with a servicer or agent for
				the Program able to access confidential borrower information that the servicer
				or agent will maintain the confidentiality of all confidential Borrower
				information and such information will only be available to those employees of
				the servicer(s) or agents who need to know. All agents and servicers will
				specifically agree that they will not use information gained from working on
				the Program to solicit or otherwise contact borrowers, except for the purposes
				for which they have been specifically engaged.
B. The Authority will not use information in
				its portfolio of federally guaranteed student loans to solicit consolidation
				loans.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 615 - HIGHER EDUCATION LOAN PURCHASE PROGRAM › Section 457-615-VIII

Current through 2024-29, July 17, 2024
The chief executive officer may waive any requirement of this
				  rule, except to the extent that the requirement is mandated by the Act, in
				  cases where the deviation from the rule is insubstantial and is not contrary to
				  the purposes of the program.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 616 - DOCTORS FOR MAINE'S FUTURE SCHOLARSHIP PROGRAM › Section 457-616-2 - Student Eligibility

Current through 2024-29, July 17, 2024
A. The student is
				or will by the time of award of a scholarship be duly enrolled in a Medical
				School Program as set forth in Section 3 of this Rule;
B. The student has a substantial connection
				to the State of Maine as evidenced by factors such as prior education in Maine
				and parental or legal guardian residence in Maine;
C. The student has had at least one year of
				residence in Maine for other than education purposes; and
D. Priority must be given to a student who
				meets at least two of the following:
1. The
				student has received a high school diploma, or its equivalent, in the
				State;
2. The student has received
				a baccalaureate degree from a four year college or university in the
				State;
3. The legal residence of
				the student's parent or legal guardian is in the State.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 616 - DOCTORS FOR MAINE'S FUTURE SCHOLARSHIP PROGRAM › Section 457-616-4 - Length of Scholarship; period of study

Current through 2024-29, July 17, 2024
A scholarship shall be for a period not to exceed one
				  academic year. A student may not receive more than four (4) successive
				  scholarships. A scholarship recipient who remains eligible shall be considered
				  in the succeeding award year only upon completion of and compliance with any
				  and all requirements of the Medical School Program or the Authority, as
				  applicable. A Medical School Program must give priority to funding renewal
				  scholarships prior to funding new scholarships.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 616 - DOCTORS FOR MAINE'S FUTURE SCHOLARSHIP PROGRAM › Section 457-616-5 - Determination of Scholarship

Current through 2024-29, July 17, 2024
Scholarships to eligible students shall be determined by the
				  Medical School Programs as follows:
A.
				A Medical School Program shall award the number of scholarships available to it
				in a given year to eligible students according to the procedures of the Medical
				School Program.
B. Scholarships
				will be the lesser of $25,000 per student or 50% of the student's cost of
				attendance as determined by the Medical School Program.
C. If a recipient of a scholarship withdraws
				from the Medical School Program and the student is entitled to a refund of
				tuition, fees or other charges, the Medical School Program shall make a
				repayment of the recipient's scholarship directly to the Authority in
				accordance with the Medical School Program's published refund policy. If,
				however, the Medical School Program notifies the Authority of another eligible
				student at the time of notice of repayment, the Authority may allow the Medical
				School Program to award the refund to such student and the Medical School
				Program will be required to provide documentation thereof to the Authority. The
				Authority shall apply any amounts received as refunds to the Fund for use in
				future award years.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 616 - DOCTORS FOR MAINE'S FUTURE SCHOLARSHIP PROGRAM › Section 457-616-7 - Program Review

Current through 2024-29, July 17, 2024
The Authority may conduct periodic program reviews of a
				  Medical School Program's operation of the Scholarship Program and compliance
				  with the Participation Agreement, and may offer technical assistance to the
				  Medical School Program. The Authority may require audited financial statements
				  from a Medical School Program.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 616 - DOCTORS FOR MAINE'S FUTURE SCHOLARSHIP PROGRAM › Section 457-616-8 - Waiver of Rule

Current through 2024-29, July 17, 2024
The Chief Executive Officer may waive any requirement of this
				  rule, except to the extent that the requirement is mandated by applicable law,
				  in cases where deviation from the rule is insubstantial.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 617 - HEALTH PROFESSIONS LOAN PROGRAM › Section 457-617-2 - ELIGIBILITY

Current through 2024-29, July 17, 2024
To be a loan recipient an applicant must:
1. Be a Maine resident.
2. Provide all financial aid information,
				including but not limited to filing the FAFSA, requested by the Authority prior
				to any deadline established by the Authority and evidence financial need for a
				loan.
3. Be admitted to a program
				of allopathic, osteopathic, veterinary medicine or dentistry at an institution
				of medical education that has been accredited by the appropriate accreditation
				agency, which program culminates in a M.D., D.O., D.M.D. or D.D.S., or D.V.M.
				degree.
4. Be obtaining a first
				Program loan after January 1, 2011.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 617 - HEALTH PROFESSIONS LOAN PROGRAM › Section 457-617-3 - LOANS

Current through 2024-29, July 17, 2024
Loans to loan recipients also benefiting from the Doctors for
				  Maine's Future Scholarship Program may not exceed $10,000 annually. Loans to
				  all other loan recipients may not exceed $25,000 annually. All loans are
				  limited to a total of four years. Loans may not replace any available
				  institutional grant aid. A loan recipient may not receive loan funds which,
				  when combined with other financial assistance, will exceed the loan recipient's
				  unmet financial need at the institution, as certified by the
				  institution.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 617 - HEALTH PROFESSIONS LOAN PROGRAM › Section 457-617-4 - PRIORITY FOR LOANS

Current through 2024-29, July 17, 2024
Awards of loans shall be made according to the following
				  order of priority with loan applications within each priority further
				  prioritized to provide loans to applicants exhibiting the greatest financial
				  need and intent to practice primary health care, or veterinary medicine in an
				  area with insufficient veterinary services.
1. First priority for loans is for loan
				recipients who wish to renew loans up to three times and continue to
				demonstrate financial need.
2.
				Second priority for loans is for incoming allopathic and osteopathic students
				not participating in the Doctors for Maine's Future Scholarship
				Program.
3. Third priority for
				loans is for students studying dentistry, or veterinary medicine.
4. Fourth priority for loans is for incoming
				students participating in the Doctors for Maine's Future Scholarship
				Program.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 617 - HEALTH PROFESSIONS LOAN PROGRAM › Section 457-617-5 - AGREEMENT REQUIREMENTS

Current through 2024-29, July 17, 2024
Each loan recipient must sign an agreement with the Authority
				  including at a minimum each of the following provisions:
1. The loan recipient, except loan recipients
				who withdraw from professional education or no longer reside in Maine, must
				provide the annual report to the Authority on forms supplied annually on or
				before the date indicated by the Authority as the due date.
2. Until the loan is satisfied, the loan
				recipient must report any change of address to the Authority within four weeks
				of any address change.
3.
Repayment Terms
A. Upon
				compliance with all necessary procedures, the following practitioners who
				maintain the specified practice for at least 20 hours per week, will owe all
				principal plus interest on their outstanding obligations at the rate of 0% per
				annum:
(1) Primary health care physicians and
				general dentists practicing in a designated health professional shortage
				area.
(2) Veterinarians providing
				services to Maine residents with insufficient veterinary services and providing
				at least 20 hours per week of veterinary services to livestock.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 617 - HEALTH PROFESSIONS LOAN PROGRAM › Section 457-617-6

Current through 2024-29, July 17, 2024
In the event that an application for a loan or request for
				  deferment or extension is denied by the chief executive officer, the applicant
				  shall have the right to appeal the decision of the chief executive officer to
				  the members. An appeal of the denial of an application shall not affect the
				  processing or priority of other applications. Notice of the appeal, together
				  with a statement of the reasons why the decision of the chief executive officer
				  should be reversed or modified must be given to the chief executive officer in
				  writing within 20 days after the date the chief executive officer mailed the
				  notice of denial to the applicant. The appeal shall be heard at a meeting of
				  the members, and the applicant must be present to support the appeal. The
				  appeal shall be based on the record before the chief executive officer on the
				  date of the denial. The decision of the chief executive officer shall be final
				  unless the members determine that the denial by the chief executive officer was
				  arbitrary, capricious or an abuse of discretion, in which event the members may
				  overturn or modify the decision of the chief executive officer and may direct
				  the chief executive officer to take further action with respect to the
				  application.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 617 - HEALTH PROFESSIONS LOAN PROGRAM › Section 457-617-7

Current through 2024-29, July 17, 2024
The chief executive officer may waive any requirement of this
				  rule, except to the extent that the requirement is mandated by the Act, in
				  cases where the deviation from the rule is insubstantial and is not contrary to
				  the purposes of the Program.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 618 - MAINE VETERINARY MEDICINE LOAN PROGRAM, Amendment 2 › Section 457-618-2 - ELIGIBILITY

Current through 2024-29, July 17, 2024
1. The applicant must be a Maine resident
				admitted to an institution of veterinary medicine in a program of study leading
				to a Doctor of Veterinary Medicine degree.
2. The applicant must have provided all
				financial and other application information requested by the Authority, in a
				timely manner.
3. All applicants
				must show evidence of a desire to practice veterinary medicine related to
				livestock or emergency and critical care in an area of Maine with insufficient
				veterinary services or to practice veterinary medicine of any type in an
				underserved geographic reg1on.
4.
				Applicants must not have commenced veterinary medical education prior to
				January 1, 2011.
5. Awards of loans
				shall be made according to the following order of priority:
A. First priority is for students who are
				seeking loan renewal and who continue to demonstrate financial need as
				certified by the institution of veterinary medicine.
B. Second priority is for incoming students
				who demonstrate financial need as certified by the institution of veterinary
				medicine.
C. After prioritizing
				applicants in accordance with the first and second priorities, the Selection
				Committee shall consider applicants who demonstrate an interest in practicing
				in an area of Maine with insufficient veterinary services or in an underserved
				geographic region. Factors to be considered may include but are not limited to
				the following:
(1) The applicant's background
				including past or current residence and/or employment on a farm or at a
				practice providing emergency and critical care;
(2) The applicant's involvement, if any, with
				farm or livestock related organizations or at a practice providing emergency
				and critical care;
(3) The
				applicant's undergraduate degree and farm or livestock or emergency and
				critical care-related experiences as an undergraduate;
(4) The applicant's employment or any
				internships or related experiences with a licensed veterinarian; and
(5) Such other factors as the Authority and
				the Selection Committee deem relevant to assessing the likelihood that the
				applicant will practice veterinary medicine related to livestock or emergency
				and critical care in areas of Maine with insufficient veterinary services or to
				practice any type of veterinary medicine in an underserved geographic
				region.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 618 - MAINE VETERINARY MEDICINE LOAN PROGRAM, Amendment 2 › Section 457-618-3 - LOAN AMOUNTS AND CONSOLIDATION

Current through 2024-29, July 17, 2024
The maximum loan amount available under the Program to each
				  loan recipient is $25,000 per year for loans made prior to academic year
				  2023-24 and $35,000 for loans made beginning in academic year 2023-24 for a
				  period of up to four years. In no event may a student receive loan funds which,
				  when combined with other financial assistance, will exceed the student's cost
				  of attendance at the institution. For purposes of determining terms of
				  repayment and forgiveness, all loans under the Program will be consolidated.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 618 - MAINE VETERINARY MEDICINE LOAN PROGRAM, Amendment 2 › Section 457-618-4 - SELECTION OF LOAN RECIPIENTS

Current through 2024-29, July 17, 2024
Beginning January 1, 2023, the chief executive officer
				  shall, as resources allow, award up to eight loans annually up to an aggregate
				  of thirty-two. At least half, and no fewer than two, of the annual loans
				  awarded must be awarded to applicants who have demonstrated a likelihood to
				  practice livestock veterinary medicine in Maine unless the Authority does not
				  receive enough qualified applicants to meet this requirement, in which case the
				  chief executive officer may award the remaining loans to other eligible
				  applicants. A Selection Committee convened by the chief executive officer of
				  not fewer than three members, one of whom shall be the State of Maine
				  veterinarian and one of whom shall be a representative of a state-wide Maine
				  association of veterinarians, shall meet annually to advise the Authority in
				  prioritizing the eligible applicants in accordance with the factors identified
				  in Section
				  II.5(C).
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 618 - MAINE VETERINARY MEDICINE LOAN PROGRAM, Amendment 2 › Section 457-618-6

Current through 2024-29, July 17, 2024
In the event that an application for a loan is denied by the
				  chief executive officer, the applicant shall have the right to appeal the
				  decision of the chief executive officer to the members. An appeal shall not
				  affect the processing or priority of other applications. Notice of the appeal,
				  together with a statement of the reasons why the decision of the chief
				  executive officer should be reversed or modified must be given to the chief
				  executive officer in writing within 20 days after the date the chief executive
				  officer mailed the notice of denial to the applicant. The appeal shall be heard
				  at a meeting of the members, and the applicant must be present to support the
				  appeal. The appeal shall be based on the record before the chief executive
				  officer on the date of the denial. The decision of the chief executive officer
				  shall be final unless the members determine that the denial by the chief
				  executive officer was arbitrary, capricious or an abuse of discretion, in which
				  event the members may overturn or modify the decision of the chief executive
				  officer and may direct the chief executive officer to take further action with
				  respect to the application.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 618 - MAINE VETERINARY MEDICINE LOAN PROGRAM, Amendment 2 › Section 457-618-7

Current through 2024-29, July 17, 2024
The chief executive officer may waive any requirement of
				  this rule, except to the extent that the requirement is mandated by the Act, in
				  cases where the deviation from the rule is insubstantial and is not contrary to
				  the purposes of the Program.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 619 - FOREIGN CREDENTIALING AND SKILLS RECOGNITION REVOLVING LOAN PROGRAM › Section 457-619-2 - PROGRAM IMPLEMENTATION

Current through 2024-29, July 17, 2024
The program shall be administered by and is delegated to the
				  Chief Executive Officer.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 457 - FINANCE AUTHORITY OF MAINE (FAME) › Chapter 619 - FOREIGN CREDENTIALING AND SKILLS RECOGNITION REVOLVING LOAN PROGRAM › Section 457-619-3 - LOAN APPLICATION AND ELIGIBILITY

Current through 2024-29, July 17, 2024
A.
Application
An applicant shall apply for a loan on forms designated by
				  the Authority. The application may be filed directly by the applicant or, at
				  the request of and on behalf of the applicant, by an adult education program of
				  a school administrative unit that provides English as a second language, job
				  skills or other instruction or assistance to improve the work readiness of the
				  immigrant. Applications will be considered by the Authority on a first-come,
				  first-served basis as long as sufficient funds remain in the fund. In the event
				  the Authority receives multiple applications on a day that would deplete the
				  remaining fund balance, the Authority may award the remaining funds at its
				  discretion.
B.
Eligibility
To be eligible for a loan under the program, an applicant
				  must:
1. Be an immigrant residing in
				Maine and have filed an application or petition with federal immigration
				authorities that entitles the immigrant to request a work permit in any of the
				categories set forth in 8 Code of Federal Regulations, Section 274a.12(c)
				(2019). The immigrant shall provide electronic or paper evidence establishing
				that such application or petition was filed with federal immigration
				authorities and shall state which section of 8 Code of Federal Regulations,
				Section 274a.12(c) (2019) allows the immigrant to request a work permit. An
				immigrant is not eligible if the immigrant has been denied a work permit at the
				time of making the application to the program. In the case of an immigrant who,
				pursuant to 8 Code of Federal Regulations, Section 274a.12(c)(8) (2019) or
				other federal statute or regulation, is required to wait a period of time after
				filing an application for asylum or another immigration benefit or relief
				before becoming authorized to receive an initial work permit, the immigrant is
				eligible if the immigrant's underlying application for asylum or another
				immigration benefit or relief entitling the immigrant to request an initial
				work permit following the required period has been filed and is pending at the
				time of making the application to the program; and
2. Submit evidence acceptable to the
				Authority of the costs incurred or to be incurred in the amount of the loan
				requested.
The Authority shall review the application for eligibility
				  and, if the Authority determines the applicant is eligible, may authorize a
				  loan to the borrower.