Maine Advantage Lenders Commit to 2008-2009 School Year

Lewiston, ME, May 18, 2008 --(PR.com)-- The Maine Advantage Education Loan Program, serviced by FISC Solutions, is pleased to announce lenders have committed to originate new loans for the 2008- 2009 school year.

In 1998, FISC partnered with community banks and credit unions to offer a Maine education loan program, to assist Maine students and parents with paying for college. In the past year the student loan industry has been greatly affected by challenges of credit market and regulatory changes. Despite these challenges, the Maine Advantage lenders have committed to offering student loans for the 2008-2009 school year.

“For our lenders it speaks volumes of their commitment to continue offering loans during these difficult times,” said FISC’s Vice President of Operations Jill Parker. “We are thrilled to have so many lenders continue to support and help Maine families despite the fact that so many large national lenders have discontinued their programs,” she added. “It is our hope as the market condition improves, we will not only continue offering student loans, but we will also be able to reinstate the generous benefits that the Maine Advantage Education Loan Program has had in the past.”

Lenders committed to 2008- 2009 school year include:

Acadia Federal Credit Union
Androscoggin Bank
Atlantic Regional Federal Credit Union
Bangor Federal Credit Union
Bath Savings Institution
cPort Federal Credit Union
Cumberland County Teachers Federal Credit Union
Eastmill Federal Credit Union
HealthFirst Federal Credit Union
Katahdin Federal Credit Union
Maine Family Federal Credit Union
Maine Media Federal Credit Union
Otis Federal Credit Union
Oxford Federal Credit Union
Sanford Institution for Savings
Seaboard Federal Credit Union

In the past the Maine Advantage Education Loan Program has offered some of the lowest cost programs around, while maintaining a memorable relationship with its borrowers. Most borrowers return year after year to the Maine Advantage Program for their ongoing educational loan needs. Information on the Maine Advantage Education Loan Program can be found online at www.maineadvantage.com. The web site offers students and parents access to information not only about the Maine Advantage Education Loan Program, but also on the entire financial aid process. Users may review commonly asked questions, download loan applications, and search participating Maine Advantage lenders.

About FISC
Headquartered in Lewiston, Maine with offices in Portsmouth, New Hampshire, FISC has provided services and solutions to financial institutions and corporations for more than 30 years. The company designs and implements full-service outsourcing solutions that make the operations of financial, insurance, government, not-for-profit, and other organizations more efficient and more affordable. FISC’s core services include item processing and electronic clearing, software solutions, loan servicing, lockbox and disaster recovery services. In addition, FISC offers comprehensive statement and invoice printing, delivery, design and management. For more information, visit www.fiscsolutions.com or call 1.888.433.4924.

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