News

November 01, 2016

FAME Announces Improved Loan Insurance Options

Beginning November 1, 2016, FAME lender customers can opt to use: •NEW 3- and 5-year fee options for term loan insurance; •New 3-year fee option for line of credit loan insurance; •Leveraged insurance in the OnLine Answer (OLA) application process.

October 27, 2016

FAME to Celebrate Another Year of Successful Partnerships on November 17th

The Finance Authority of Maine (FAME) will celebrate another year of successful business and educational partnerships at its annual meeting and awards event, Showcase Maine, on Thursday, November 17, 2016, beginning at 4:30 p.m. Inaugural poet Richard Blanco is this year’s guest speaker.

October 26, 2016

FAME Board Visits Androscoggin County Businesses and Schools

The Board of Directors of FAME visited an eleventh-generation dairy farm, the state’s largest food bank, local restaurants, area businesses, and a higher education institution recently in Androscoggin County to learn about their successes, needs and future plans.

October 03, 2016

FAME Declares Major Statewide Education Initiative

Portland Mayor Ethan Strimling, the Superintendent of Portland Public Schools Xavier Botana, and Ben Gilman, Senior Government Relations Specialist at Maine State Chamber of Commerce joined Finance Authority of Maine (FAME) CEO Bruce Wagner to announce a major statewide effort called Invest in ME 2030. This new effort is intended to have a lasting impact on the economic future of the state of Maine. The announcement was made during an education rally at Portland’s Deering High School with students…

September 30, 2016

FAME to Award $16,000 in Scholarship Prizes

Winners will be randomly selected from each of the 16 Counties of Maine AUGUSTA, MAINE — September 30, 2016 — The Finance Authority of Maine (FAME) announced today that it will award 16 $1,000 Scholarship Prizes to be contributed to 16 NextGen 529 plan accounts, selecting one random winner from each of the 16 counties of Maine. The Invest in ME sweepstakes begins on October 1, 2016 and ends on December 29, 2016.

September 06, 2016

The Free Application for Federal Student Aid (FAFSA) is Changing

Instead of waiting until the new year to file the FASFA, families can now file it beginning on October 1, 2016. In addition, students will be able to file using an earlier year’s tax information.

August 31, 2016

FAME CEO Bruce Wagner Elected to NCHER Board

National Council of Higher Education Resources welcomes Wagner to Board of Directors for 2016–2017.

August 25, 2016

FAME Again Recognized as a Best Place to Work in Maine

For the second year in a row, the Finance Authority of Maine (FAME) has been named as one of the Best Places to Work in Maine.

June 28, 2016

FAME Supports Maine Food Businesses

FAME Financing Helps Three Maine Food Businesses Create and Retain 175 Jobs

June 27, 2016

New Resource to Help Navigate Borrowing for Higher Education

The Loan For ME Offers Helpful Tools for Maine Borrowers and is the Result of a Multi-Lender Partnership

April 04, 2016

FAME Announces Record-Breaking Year for College Investing

Nearly 16,000 Maine families will receive over $4.2 million in grants

March 07, 2016

FAME Releases First-Ever Maine State Grant Outcome Study

60% of Full-Time Enrollees Completed College Family Income Strongly Correlated with College Completion The Finance Authority of Maine (FAME) has released the results of its Maine State Grant College Completion Study, which was undertaken as a result of a grant it received from the New England Board of Higher Education (NEBHE). The report measured a variety […]

January 01, 2016

FAME FAFSA Help Events

Events give Maine families access to experienced financial aid experts and support in completing the form.

December 04, 2015

FAME Celebrates Successful Partnerships at Annual Meeting

FAME celebrated another year of successful business and educational partnerships at its annual meeting and awards event, Showcase Maine, which was held on November 19, 2015, at Portland’s Holiday Inn By The Bay.

November 10, 2015

FAME Annual Meeting-coming November 19

FAME will celebrate another year of successful business and educational partnerships at its annual meeting and awards event, Showcase Maine, on Thursday, November 19, 2015, beginning at 4:30 p.m. at Portland’s Holiday Inn By The Bay.

October 27, 2015

FAME Offers Free Claim Your Future® Game

FAME Offers Free Interactive Tool to Maine Schools that Gives Students an Edge on Future Earning Potential FAME announced today it is making available to every Maine middle school a free interactive resource called Claim Your Future®, which takes the form of a game and is designed to encourage students to explore career options with an eye toward future earning potential and increased financial literacy.

October 22, 2015

FAME Board Visits Lincoln, Orono and Bangor Businesses and Schools

FAME’s Board of Directors visited businesses and higher education institutions in Lincoln, Orono, and Bangor on October 14 and 15 to learn about their successes, needs and future plans.

October 14, 2015

The Maine Educational Loan Authority Has Been Merged with FAME

MELA has been merged with FAME effective October 15, 2015. This will provide a convenient “one-stop” shopping experience for Maine students and their families for their higher education financing needs.

October 05, 2015

FAME’s Student Loan Default Rate Second-Lowest in New England

FAME continues to maintain impressively low cohort default rates for Maine student loan borrowers, despite increased borrowing and rising college costs.

August 21, 2015

FAME Approves Rule for Maine New Markets Capital Investment Program

At its August 20, 2015 meeting, FAME’s Board of Directors approved rulemaking related to the Maine New Markets Capital Investment Program. The Board adopted an emergency rule to prohibit one-day loans effective immediately, and authorized a regular ninety-day rulemaking process to commence with respect to the program, as well.