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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  • Wednesday, March 12, 2014 8:32 AM

    The Maine Senate recently confirmed Gov. LePage’s six nominees (two reappointments and four new members) to the Finance Authority of Maine (FAME) Board of Directors. The six board members are: Jonathan A. Block of Portland; Reis Hagerman of Standish; James G. Howard of Topsham; Gregory E. Miller of Old Town; Rosaire Pelletier of Madawaska; and James P. Violette, Jr. of Waterville. Upon swearing in, the new members will join the fifteen-member FAME Board.   

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  • Thursday, March 06, 2014 9:29 AM

    FAME is pleased to welcome new Chief Executive Officer Bruce Wagner. The Maine Senate recently voted unanimously to confirm Gov. LePage’s nomination of Bruce to the position, which is for a term of four years.

     

    Bruce has a strong background in business management, development and renewal, having served as W.R. Grace’s President of the Darex Container Products Division, as chief executive officer at Barber Foods, and as chief financial officer at Martin’s Point Health Care. A graduate of Lafayette College, he also has completed advanced management programs at the Massachusetts Institute of Technology and at INSEAD, the French international business school.  

    Read more...