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Program helps student, alumni manage student loans, financial decisions

BANGOR Husson University, in coordination with the Finance Authority of Maine, has partnered with SALTSM, an educational program designed to incent sound financial management in college students and recent alumni. Husson is the first institution in Maine to implement the program.

Husson University has partnered with SALT in an effort to educate, empower and engage college students and young adults to manage their finances by making it immediately rewarding, easy and enjoyable to make smarter student loan and financial decisions. The program uses a variety of channels to engage student and alumni members and positively influence behavior. Members receive proactive communication about student loan repayment options, one-on-one repayment counseling with student loan experts, a personalized online dashboard to track all their federal and private student loans in one place and compare payment options, and more.

Published in Biz
Wednesday, 11 April 2012 16:25

Got student loans? Don't miss this credit

Student loans keep showing up in headlines, from the complaints from various 'Occupy' groups to announcements that cumulative student loan debt has reached one trillion dollars. The Institute for College Access & Success estimates that two thirds of graduates have student loans. Maine's class of 2010 carries an average student loan debt of $29,983. All of which makes the Maine Opportunity Credit more attractive than ever.

What is the Maine Opportunity Credit? Maine Opportunity Credit is a credit on your Maine return, reimbursing you for student loan payments made. That's right, reimbursement of the entire student loan payment, not just the interest.

Published in Money

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