MMTA Education Loan
MMTA has partnered with Maine Savings to provide a NO INTEREST loan program to help finance CDL training tuition costs at approved CDL schools.
- 100% financing of tuition costs (up to $7,000) of a CDL course through approved CDL schools;
- 0% interest rate;
- First payment deferred to 60 days after completion of course;
- Flexible repayment terms (up to 36 months with $50 minimum payment)*;
- No collateral or prior credit required;
- Easy online application to apply;
- Reasonable credit standards;
- An appeal option directly with MMTA for applicants that do not initially qualify;
- Only Maine residents going to approved Maine trade schools are eligible;
- Borrower must be at least 18 and must join Maine Savings FCU to be eligible.
*36 monthly payments of $27.78 per $1,000 borrowed