Maine Media is committed to providing financial assistance to its Professional Certificate students (US citizens only) as they pursue their craft. To that end, the following loan program has been implemented.
Full-time students may apply for loans from a minimum of $1,000 to a maximum of $9,000. All loan proceeds will be applied to tuition and lab fees. No loan dollars will be distributed directly to the student at any time to be used for class materials, personal expenses, travel, or off campus housing expenses.
Loan proceeds will be pro-rated. No loan $ is available for the 1st trimester of the program. No loan $ will be applied unless the 1st trimester is paid in full before the beginning of the 2nd trimester.
A loan maximum of $4,500 is available for the 2nd trimester of study. The balance of the 2nd trimester must be paid in full in order to continue to the 3rd trimester. A loan maximum of $9,000 (less any loan proceeds used for the 2nd trimester) is available for the 3rd trimester of study.
Loan repayment begins 60 days after completion of the program, or in the case of withdrawal, 60 days from program withdrawal date. In the case of withdrawal, the loan balance will be adjusted to whatever funds are owed to the school at time of withdrawal. Payment is required whether or not a passing grade in the class was received. Monthly payment amounts will be set at the time the loan agreement is signed. The maximum loan length is 60 months, negotiated at time of approval. Interest is accrued at less than prevailing bank rates and will also be determined at the time of loan approval.
Students must maintain a cumulative GPA of 2.0 in order to keep their financial aid. Failure to maintain this GPA may result in loss of funding.
Students must complete a loan application that requires disclosure of personal financial information including all assets both real and liquid. In addition, student must also have completed the Budget Worksheet provided to the student at the time of acceptance. The Federal FAFSA application was consulted in the development of the MMC application
Students under the age of 24, single, no dependents, are required to provide parental financial information and tax returns as is currently required by the FAFSA application.
Students with insufficient credit to sign a loan on their own merit will be required to have a loan co-signer. In the event a co-signer is required, financial information of the co-signer will be required.
The Paul Caponigro Scholarship
The Paul Caponigro Scholarship was established in 2009 to honor one of the foremost landscape photographers of the 20th century. Paul has been a part of the Workshops community since its earliest days and his teaching has influenced generations of photographers. Focused on supporting students at Maine Media College, the scholarship was endowed anonymously as part of the New Vision Campaign. This year the scholarship will be awarded to one or more students in the College’s Professional Certificate program. More information is available by contacting the Registrar at email@example.com
The Arnold Newman Scholarship
Recognized as the “Father of Environmental Portraiture” and acknowledged as one of the great masters of photography in the 20th century, Arnold Newman shared his wealth of experience as a teacher at the Workshops for over 30 years. The Arnold and Augusta Newman Foundation has established an endowment at Maine Media College and Workshops to provide scholarships to students. More information is available by contacting the Registrar at firstname.lastname@example.org
Maine Media College offers students the option to work on-campus for pay, which is then applied toward the cost of attending the College. Work Study students work in the offices, labs, studios, technical departments, performing general duties. Work Study students may work from 10 to 20 hours a week at a rate of $7.50/ hour. Students on workstudy are paid weekly, with standard deductions, or may have the net amount applied toward their tuition and fees balance. These earnings are counted as income and will be taxed accordingly. Workstudy students must cover the remainder of their tuition, lab fee and materials, room and board through other financial aid packages. Requests for Workstudy must be made and approved no later than 4 weeks before the start of each term.
OUTSIDE FUNDING SOURCES
Military Veterans Benefits
The U.S. Department of Veterans Affairs has approved Maine Media College's Professional Certificate Program and MFA degree program as educational programs eligible for the Post 9/11 GI Bill. Veterans who performed active service duty after September 10, 2001, as well as current military members and eligible dependents, seeking training in the fields of filmmaking, photography, or multimedia, can visit www.gibill.va.gov/ for benefit information.