Since our inception, student loan management has been at the core of everything that we do at Maine Education Services (MES). Our organization has been involved with the creation and administration of some of the most popular federal and non-federal (private) education loans in the State, dating back to 1983. Based on our experience in creating and administering both federal and private education loans, MES is uniquely qualified to offer similar services to organizations that wish to provide quality educational products to their customers but may lack the necessary scale or expertise in the education finance arena. Student loan management services we provide include the following:

• Customized product design and implementation
• Facilitate design and production of program materials and marketing collateral
• Develop and implement marketing plan and budget
• Marketing outreach to students, families, and financial aid offices
• Loan origination functions, including creating and implementing credit decision models
• Disbursement services
• Loan servicing and collection services
• Maine based customer service center
• Finance and accounting functions
• Manage bond issuances and compliance requirements
• Management reporting for loan programs and finance
• Oversight for third-party servicers and collection agencies

Clients

When seeking new business relationships, MES partners with organizations who’s shared goal is to assist Maine students by providing funds or services for those pursuing higher education. A great deal of effort is put into forming client relationships that are built on trust, integrity and mutual respect.

In particular, MES has demonstrated professional experience servicing the following clients:

• Maine Educational Loan Authority (MELA)
• Maine Medical Association
• Bangor Hydro Electric Company
• Maine Educational Loan Marketing Corporation (MELMAC)
• Bowdoin College
• University of Maine at Augusta
• Central Maine Power
• Maine Public Service
• Brunswick Technologies

Please contact Darren Hurlburt, MES President & CEO, at 207-400-3001 if you would like to discuss outsourcing the design and/or management of your student loan programs.