Credit Union-Backed Student Lending Bill Awaits Governor's Signature in Maine
Maine Gov. Paul LePage may soon sign into law proposed legislation that could encourage the state’s credit unions to provide student loans, according to the Maine Credit Union League.
Backed by the MCUL, the law would provide loan insurance on supplemental student loans. The bill, which was recently passed by Maine’s House and Senate, also would require students to take a financial education class in order to receive a loan.