Federal Student Loan Repayment Help

Confused about student loan repayment and not sure where to turn? FAME can help!

Make a Plan

Making a plan for saving is the first step towards making education after high school a reality.

Start to Save

Saving now will put you in a better position to pay for education after high school later.

Pay for School

Paying for education after high school usually comes from a variety of sources.

Resources for Professionals

Find helpful resources for educators, financial aid offices, and other professionals working with students.

Find a Scholarship

Use FAME’s online search to find Maine scholarships.

Your Financial Wellness

Learn more about managing your finances and improving your financial health.

Resources for Educators

FAME has resources to help you serve your students and their families.

Planning by Age

There are things you can do at every stage to prepare for higher education.

Planning Tips For …

FAME provides specific resources for New Mainers, Adult Students, Military Families and Veterans, and Employers.

Financial Wellness

Learn more about managing your finances and improving your financial health.

Ways to Save

There are many ways to save for college. Learn more about options that may work for you.

NextGen 529

A great way to help your child save for college. NextGen 529 is Maine’s section 529 plan which many Maine families use to save for college.

Tips to Help You Save

It can be hard to find money in your budget for college savings. These tips will help you find ways to save money.

Getting Financial Aid

There’s money available to help pay for college. Learn more about applying for financial aid and filing the FAFSA.

Free Community College is Here

If you’re a Maine student who earned (or will earn) a high school diploma or equivalent in 2022, 2023, 2024 or 2025, you can attend Maine community college tuition free, but you’ll need to file the FAFSA first.

Scholarship Search

Scholarships provide free money to pay for college. Start your search for Maine scholarships here.

Resources, Videos, and Calculators

Use FAME’s Resources & Tools to help you afford higher education.

Resources for Educators

Videos, webinars, and more to help you serve your students and families, as well as professional development opportunities.

Resources for Financial Aid Offices

EPIC login and financial education resources to share with students.

For Business Owners

For over 40 years FAME has helped Maine people reach their business goals.

For Lenders

FAME helps Maine lenders and their customers get to "yes."

For Investors

FAME encourages investments in Maine businesses, both directly and through private venture capital funds.

Commercial Loan Insurance

FAME’s commercial loan insurance program helps lenders make business loans by reducing risk.

Direct Loan Programs

When traditional loans are not the solution, FAME’s business loans may be the answer.

Business Roadmap

Learn about key steps in the business planning and financing process.

Business Roadmap

Whether you’re starting a business or seeking financing for an existing one, learn about key steps in the business planning and financing process.

Financing Programs

When traditional loans aren’t an option for your business, FAME’s financing programs may be the answer.

Resources for Business Owners

A collection of resources to help you plan and build your business.

Maine Funding Network

This network of alternative funding and counseling agencies can help you start or grow your Maine business.

Commercial Loan Insurance for Lenders

FAME’s commercial loan insurance insures a portion of loans made through participating financial institutions.

OLA Log In

Quick access to the OLA log in page for existing OLA users.

FAME Business Webinars

Miss out on a webinar? Find recordings and resources for FAME Business Webinars here.

Fees and Rates

Quick link to FAME fees and rates for lender programs.

Maine New Markets Capital Investment Program

Provides tax credits to investors in community development entities that reinvest in businesses located in low-income Maine communities.

Maine Seed Capital Tax Credit Program

Encourages investments in small businesses by providing credits to outside passive investors.

Free Online Financial Education

Powered by iGrad® and Enrich®, FAME offers free online financial education to support Maine people during high school, college, and beyond.

Build Your Financial Wellness

Free resources to guide you on your path toward financial freedom.

Grow Your Student or Child's Financial Wellness

Tools to help you support youth financial capability.

Invest in Your Employees’ Financial Wellness

Resources to help your employees improve their financial well-being.

Financial Wellness Social Media Toolkit

Our free toolkit can be used by anyone interested in launching a Financial Literacy social media campaign.

Employee Financial Wellness Roadmap

Improving employees’ financial wellness helps improve productivity and satisfaction. Assistance available to help you create a win-win program.

Claim Your Future

An interactive program that encourages high school students to explore the return on investment of various career pathways and financial decision-making.

Steps to Financial Wellness

Setting goals, creating a budget, managing debt and credit, and MORE! All great steps to help you become financially capable.

Financial Wellness Resources

FAME provides free financial wellness programs to help Maine people become more financially capable.

Monthly Financial Check-in with FAME

Free Webinars to learn more about preparing for and paying for higher education, including refinancing student loan debt.

Resources for Elementary Students

Invest in your child’s future and build money skills for life.

Resources for High School and Beyond

Play Claim Your Future – career & budget game or use iGrad Online Financial Education with your students, and more…

Resources for Educators and Professionals

FAME has developed extensive resources for educators and professionals who support financial education in their school or community.

Employee Financial Wellness Roadmap

This roadmap has resources and support to guide the development of life-changing financial education for your employees.

Resources for Employees

Free flyers, videos, webinars, and more to share with your employees as employer-provided benefits.

Home > Events > Latest Federal Student Loan News & Time-Sensitive Parent PLUS Loan Update

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Latest Federal Student Loan News & Time-Sensitive Parent PLUS Loan Update

Date/Time
Date(s) - Friday March 14, 2025
12:00 pm - 1:00 pm

Location
Online

We’ll provide a brief update on the latest news and legal action related to federal student loans. Following that update, we’ll spend much of the hour discussing how Federal Parent PLUS Loan borrowers can take advantage of the “double consolidation loophole.” This little-known consolidation option allows borrowers to access lower payment options that are typically unavailable.

It is important to note that the consolidation process can take several months, so starting now is crucial. You must complete the process by July 1, 2025, or you’ll miss out. This informative session will be presented by nationally recognized student loan expert, Betsy Mayotte and will be recorded for later viewing.

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