FAME News

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.

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.

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 […]

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.

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.

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.