Recent News
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.
July 15, 2015
FAME Enhances Popular Loan Insurance Program
Program limit increased to maximum of $5 million per borrower.
June 22, 2015
FAME Approves Financing for Wireless Partners, LLC
This deal will improve cell phone service and broadband data access in Washington and Hancock Counties
June 11, 2015
FAME’s Free Claim Your Future® Game Now Online
Claim Your Future is a free interactive game that encourages exploration into education after high school, future careers, and money management.
May 14, 2015
Free Claim Your Future Game To All Maine Middle Schools
FAME is excited to announce that Claim Your Future® is now available to all of Maine’s middle schools free of charge. Claim Your Future is an interactive game that encourages exploration into education after high school, future careers, and money management.
May 11, 2015
529 Celebration To Be Held
FAME will hold Future Faces of Maine 529 celebrations at three locations around the state to raise awareness of the importance of planning for the expense of education after high school, offer assistance to open NextGen College Investing Plan accounts, have fun, and share helpful educational giveaways.
April 21, 2015
FAME Approves Financing for Polycor New England, Inc.
FAME approved 90% loan insurance on a $3.5 million loan by Caisse Centrale Desjardins US Branch to Polycor New England to help finance the purchase of a quarry and the construction of a curb manufacturing facility in North Jay, Maine.
March 23, 2015
FAME Approves Financing for Redzone Wireless
At its March 19, 2015 meeting, the Board of Directors of FAME approved 90% loan insurance on a $4 million loan by Camden National Bank to Redzone Wireless, LLC (“Redzone”), which is located in Camden. The financing will be used for capital for the company’s start-up operations. FAME’s action is expected to help spur development […]
February 09, 2015
New Financial Literacy Program Available to all Maine High School Students
SALT™, an innovative online program designed to empower students to confidently manage their money and build financial skills for life, is now available to all 55,000 Maine high school students across the state.
November 18, 2014
FAME Elects New Officers and Approves Loan for Lincoln Mill
The FAME Board approved financing for two Maine businesses involved in the natural resources sector: North Atlantic, Inc. and Lincoln Paper & Tissue, LLC.
November 18, 2014
FAME Celebrates Successful Partnerships
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.
October 09, 2014
Statewide Expansion of SALT
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.
October 06, 2014
Financial Education Default Prevention
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.
For Educators
Check out FAME’s free training opportunities such as webinars and training events for school counselors, college access advisors, financial aid counselors and administrators.
