MMTA Education Loan Program

MMTA has partnered with Maine Savings to provide a NO INTEREST loan program to help finance CDL training tuition costs at approved CDL schools.

Program Basics:

• 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;
• 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

Maine’s workforce shortage is the most serious issue facing MMTA members. To further support those looking at a career in trucking, MMTA has partnered with Maine Savings to provide a NO INTEREST loan program. Apply Today!