Debt Management

The Finance Authority of Maine offers a variety of valuable debt management tools for students who are in school, as well as borrowers who have entered repayment.  It is important to development sound money management skills before you borrow.  Once you have entered repayment, there are a variety of loan repayment options available to assist you.  If you cannot afford your loan payment, do not ignore it.  FAME is here to help!

FAME Money Management Counseling
This on-line interactive session provides students with an opportunity to learn more about the important aspects of managing money such as budgeting, savings and credit.

Budget Calculator
Use this calculator to create a monthly budget. 

Checkbook Balancing Tool
Reconcile your bank statements to your check register each month (without storing your information).

Debt/Salary Wizard
Interactive calculator to help you determine how much salary is needed to support the payments on current and future student loan debt and how much you should borrow based on future expected earnings.

Student Loan Calculator
Estimate payments on your federal student loans, as well as determine how much salary is needed to support your student loan debt.

Repayment Options
Overview of repayment options available to borrowers.