The FAME Board approved financing for two Maine businesses involved in the natural resources sector: North Atlantic, Inc. and Lincoln Paper & Tissue, LLC.
FAME celebrated another year of successful business and educational partnerships at its annual meeting and awards event, Showcase Maine, which was held on November 13, 2014, at Portland’s Holiday Inn By The Bay.
FAME is pleased to announce a statewide expansion of the SALT program in Maine. Created by American Student Assistance, SALT is an innovative program designed to empower college students and alumni to confidently approach, manage, and pay back their student loans while gaining financial skills for life.
FAME continues to maintain impressively low cohort default rates for Maine student loan borrowers. According to the U.S. Department of Education, FAME’s federal Fiscal Year 2011 three-year cohort default rate was 7.1 percent of borrowers.