Got a failed septic system? Worry not, said the Board of Selectmen.

At their regular meeting Tuesday night, the Selectmen approved $200,000 from the Betterment Loan Program.

The program, also known as the Massachusetts Clean Water Trust Septic Program, allocates loans to residents in need of financial assistance for septic funding.

Through the program, engineering and general construction costs associated with connection to an existing sewer main, or replacement or upgrade of a failed septic system can be provided as a low interest loan, to the homeowner, the Selectmen said. The loan betterment will be paid back to the Town of Wareham along with payment of residents' real estate tax bills.

“They get what they need and they pay every penny of it, including the maintenance of it, back to the town,” said Chairman Patrick Tropeano. “It's at no cost to the town.”

“The program does one of two things: it will replace septic systems and provide financial assistance to connect septic systems to sewer,” said Peter Sanborn, who is Acting Community Economic and Development Authority Director.

Wareham approved a total of $200,000 to provide in assistance to residents. Those who need assistance may contact the Wareham Community Economic and Development Authority for an application.

This is the eighth loan approved by the Board of Selectmen since 2011.

On average, septic system installations cost between $12,000 to $18,000, Sanborn said. If applying for sewer connections, the prices vary from less than $2,000 to more than $4,000, according to Sanborn.

Calculated in rounds, the loans generally take a year and a half to two years to complete.

“It’s been going on for more than 10 years,” said Sanborn. “We've got almost all of the money committed to more than 30 households [this past round].”