FAME Federal Student Loan Programs -

Facts for 2009-2010

 

FAME Federal Student Loan

  • Borrower must be enrolled at least half-time.
  • Lender code: 834105
  • Interest Rates:
    • Subsidized Stafford Loans for undergraduate students are fixed at 5.6%;
    • Subsidized Stafford Loans for graduate students are fixed at 6.8%;
    • Unsubsidized Stafford Loans for all students are fixed at 6.8%.
  • 1.5% federal default/origination fee.
  • Repayment begins six months after student ceases enrollment on at least a half-time basis.

FAME Federal PLUS Loan

  • Borrower must be a credit-worthy parent of a dependent student attending school at least half-time.
  • Lender Code: 834105
  • Interest rate is fixed at 8.5%.
  • 4% federal default/orgination fee.
  • Repayment begins within 60 days of full loan disbursement.
  • Deferment is available upon request while the student and/or parent is enrolled at least half-time.  Interest does accrue during periods of enrollment.

FAME Federal Grad PLUS Loan

  • Borrower must be a credit-worthy student enrolled at least half-time in a master's or professional degree program.
  • Lender Code: 834105
  • Interest rate is fixed at 8.5%.
  • 4% federal default/orgination fee.
  • Repayment begins within 60 days of full loan disbursement.
  • Deferment is available upon request while the student is enrolled at least half-time.  Interest does accrue during periods of deferment.
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  • Thursday, May 14, 2015 3:41 PM

    FAME is excited to announce that Claim Your Future® is now available to all of Maine’s middle schools free of charge. Claim Your Future is an interactive game that encourages exploration into education after high school, future careers, and money management.

    Read more...

  • Monday, May 11, 2015 11:54 AM

    The celebrations are designed to recognize 529 College Savings Day, proclaimed by the United States Congress as a way to raise national awareness and boost interest in Section 529 college saving programs. The events will also encourage families to think about their children’s futures and to start planning now for the costs of education after high school.

    The Future Faces of Maine events will take place in:

    • Presque Isle: At the Aroostook Centre Mall on Friday, 5/29, from 4 PM to 7PM
    • Bangor: At Eastern Maine Community College, Rangeley Hall, on Saturday, 5/30 from 10 AM to 1 PM
    • Portland: At the University of Southern Maine, Woodbury Campus Center, on Saturday, 5/30 from 10 AM to 1 PM.
    Read more...