Company Information

Get to know maine educational loan authority-mela

Created in 1983 by the Maine Legislature, The Maine Educational Loan Authority (MELA) is a self-sustaining, quasi-independent state authority dedicated to helping Maine students and their families meet the costs of higher education. As a non-profit organization, MELA offers low-cost, fixed-rate loan programs, such as The Maine Loan® and The Maine Medical Loan®, to bridge the gap between financial aid and the total cost of attendance. Its mission is to provide an affordable and accessible path to higher education financing for residents of Maine and those attending Maine-based institutions.

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maine educational loan authority-mela

United States

Founded in

1988 (38 Years)

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Last online: No recent activity

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

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A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.