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MMTA Education Loan Program

Supporting our workforce image

Supporting our workforce

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 to help finance CDL training tuition costs at approved CDL schools.

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Program Basics image

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

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