The Harold Alfond Foundation Unveils Statewide Student Loan Debt Reduction Program aims to attract and retain STEM employees for Maine companies to stimulate economic growth in key industries in the STEM-related fields of science, technology, engineering, and math.
The Alfond Leaders program, to be administered by the Finance Authority of Maine (FAME), will assist Maine employers in attracting and retaining talented STEM professionals by providing student loan debt relief of up to $60,000 per recipient. The grants will be awarded through a competitive application process with the goal of selecting approximately 150 Alfond Leaders over the next three years. Applicants will be recruited from across the nation and internationally, and current Maine residents are eligible and encouraged to apply.
Who is eligible?
• Maine residents or persons who will become Maine residents upon being hired by a Maine-based employer;
• A person employed, or who will be employed, by a Maine-based employer in a designated STEM occupation;
• An applicant must have a higher education degree or certificate;
• An applicant must have outstanding student loan debt;
To apply: Candidates must submit an application, including a written essay and resume, a statement of intent to live and work in Maine for ten years; an employment certification by a Maine-based employer; and disclosure of the amount, source, and terms of the student loan indebtedness.
Those selected to become Alfond Leaders will receive debt reduction payments made on their behalf, paid in two disbursements after five and ten years, respectively, of qualifying employment. To learn more about the program or to apply, please visit: AlfondLeaders.org