Paying Your Balance
Student Financial Services
Thomas College
180 West River Rd
Waterville, ME 04901
Any family wishing to pay annual costs in monthly payments may enroll in the monthly payment plan. Ten monthly payments (five months per semester) begin August 10 and end May 1. A non-refundable enrollment fee of $30 is added to the first payment.
We’ve teamed up with Solutions at ECMC to answer all of your student loan repayment questions. Solutions is a service of the non-profit organization ECMC and is dedicated to helping students manage educational loans. Their resources are available to you free of charge. To contact a Solutions Student Loan Repayment Advisor, email or web chat, or call them at 1-877-331-3262.
Funding for usage of ECMC was partially received from FAME
FAME and iGrad
iGrad is where folks come to get better at money management, make sense of their student loans and get ready for their dream job. You know, all those real-world skills that there just isn’t a class for.
iGrad’s got you covered. Learn More
Income Share Agreements
An Income Share Agreement (ISA) from Stride Funding is an innovative, affordable alternative to student loans.
Stride’s flexible repayment structure ties your monthly payment directly to your income, offering you downside protection during difficult times and ensuring that you pay nothing if your income falls below the minimum income threshold.
With an ISA from Stride Funding, you do not need a cosigner or current income, as they look at where you’re going, not where you’ve been. Plus, all Stride students automatically become a member of the Stride Community, giving you access to career support (e.g., weekly content, exam prep, interview guidance) and a broader community of peers who can support you as you begin your professional journey. Learn more at www.stridefunding.com/thomascollege to help fund your future, today!
Parents Loans for Undergraduate Students (PLUS)
The eligible amount is equal to the cost of attendance minus financial aid. The variable interest rate is changed every July 1. Repayment begins 60 days after disbursement. For more information, go to the Direct Loan website.
Citizens Bank Student Loan for Parents
Citizens Bank Student Loan for Parents is available to parents who have a student attending an eligible institution. Parents will need to satisfy all credit requirements to be approved. Parents may borrow up to the student cots of attendance minus any financial aid received.
Sallie Mae Parent Loan
The Sallie Mae Parent Loan allows Parents and other creditworthy individuals to borrow on behalf of a student who is enrolled full time, half time, or less than half time. Individuals may borrow up to the cost of attendance minus any financial aid received.
College Ave Parent Loan
College Ave Student Loan for Parents is designed for parents with strong credit who want to borrow by themselves for their children’s education costs. Parents may borrow up to the student cots of attendance minus any financial aid received.
Maine Loan
The Maine Loan is available to credit-worthy Maine residents, 18 and older, attending approved schools in the United States and Canada, and to out of state students attending approved schools in Maine. Students may borrow from $1000 up to the cost of attendance minus any financial aid received.
Bangor Savings Bank
Your education is an important matter to Bangor Savings Bank. That is why we have partnered with Finance Authority of Maine (FAME) to offer you a Private Student Loan option to help finance the cost of higher education. Contact us to learn more at 1.877.Bangor1 or visit us online.
Sallie Mae Student Loan
The Sallie Mae Student Loan is available to undergraduate or graduate students. Students will typically need a cosigner and a credit check must be passed. Students may borrow up to the cost of attendance minus any financial aid received.
Discover Student Loan
A Discover Student Loan is available to a student enrolled at least half-time. Students will typically need a cosigner. A positive credit history, acceptable debt-to-income ratio, and minimum wage are required by the applicant or co-signer. Student may borrow up to the cost of attendance minus any financial aid received.
Citizens Bank Student Loan
Citizens Bank Student Loan is available to students enrolled at least half-time. Students are encourage to apply with a qualified co-signer to increase their chances of approval at the lowest interest rate possible. Borrow up to the maximum qualified loan amount or the total cost of education, whichever is lower.
College Ave Undergraduate Student Loan
The College Ave Undergraduate Student Loan is available to undergraduate enrolled at least half-time. Loans are designed to give students great rates and multiple repayment options, so you can create a loan that fits your lifestyle. Students will typically need a cosigner to apply. Students may borrower up to the cost of attendance less other financial aid.
Union Federal Private Student Loan
The Union Federal Private Student Loan is available to undergraduate and graduate students enrolled at least half-time. International students may apply with a U.S. cosigner. Students will typically need a cosigner to apply. Students may borrower up to the cost of attendance less other financial aid.
The above listed alternative loan lenders are only options. Thomas College accepts all alternative loans and encourages borrowers to do research on their own, as the borrower may be able to find lenders offering better benefits or interest rates.
Lenders shown were chosen based on previous history with Thomas College including customer service provided to the college and its students, competitive interest rates, additional borrower benefits, and ease of application.
