If you’re a Maine student who earned (or will earn) a high school diploma or equivalent in 2020, 2021, 2022, or 2023, you can attend Maine community college tuition free, but you’ll need to file the FAFSA. The same will be true for classes of 2024 & 2025.
An interactive program that encourages high school students to explore the return on investment of various career pathways and financial decision-making.
AUGUSTA — At its monthly meeting held on May 18, 2023, the board of directors of the Finance Authority of Maine (FAME) approved financing for Beansprouts Learning Center, which will enable the company to acquire and operate six childcare centers in central and southern Maine. The borrower, who currently owns and operates two childcare centers, will […]
$29 million in forgivable business loans ranging from $10,000 – $500,000 AUGUSTA–-The Finance Authority of Maine (FAME) is pleased to announce that the Thrive Maine program, which offers forgivable loans to eligible Maine small businesses negatively impacted by the pandemic, will launch its second application cycle on May 23. The application period will remain open until June […]
NextGen 529® Offers Significant Benefits to Maine People and is a Leading Plan in the Nation AUGUSTA—May is 529 month, which is a great time to remind Maine people of NextGen 529’s many robust benefits. The Finance Authority of Maine (FAME) administers NextGen 529, providing an opportunity for investors, including Maine residents, to save for […]
One in Three Mainers Believe They Have Too Much Debt Augusta – According to the 2021 National Financial Capability Study conducted by the FINRA Investor Education Foundation®, thirty percent of people in the United States are feeling financially fragile and one-third of Mainers believe they have too much debt. To help, the Finance Authority of […]
AUGUSTA — At its monthly meeting on November 17, 2022, the board of directors of the Finance Authority of Maine (FAME) approved a $1.2 million term loan for KV Tooling Systems, LLC, a precision tool manufacturer located in Augusta. The funds are comprised of a $600,000 FAME Direct Loan and $600,000 from the Grow Maine Program, which FAME […]
The Finance Authority of Maine (FAME) celebrated successful business and educational partnerships at its annual meeting and awards event, Showcase Maine. Held this year on Thursday, November 17, 2022, at Portland’s Holiday Inn By The Bay, it was the organization’s first in-person Showcase Maine event in two years. The evening featured a reception, including a showcase of exhibits by Maine businesses and educational organizations; dinner and awards presentations; and entertainment by comedian Juston McKinney.
In partnership with Maine Jump$tart Coalition for Personal Financial Literacy and its sponsors; Finance Authority of Maine (FAME); the Office of the Maine State Treasurer; and Next Gen Personal Finance (NGPF), the Center for Financial Literacy at Champlain College is offering free online and on-demand training for Maine teachers. The Financial Educator Virtual Academy will train Maine educators on how to successfully teach personal finance in their classrooms and communities.
Thrive Maine will offer $58 million in forgivable loans for Maine small businesses; Grow Maine will offer $62 million in direct loans, commercial loan insurance, and equity investments for Maine small businesses. Governor Janet Mills recently announced a $120 million initiative to support Maine small businesses. The initiative features two separate programs: Thrive Maine and […]
Financial instability can lead to feeling stressed, and stress, especially over time, can have a negative impact on our overall health and well-being. The Finance Authority of Maine (FAME) has solutions. tTo support Mainers on their path toward financial wellness, FAME recently launched an Employer Financial Wellness Roadmap and continues to support online financial wellness for all Maine people through an innovative tool powered by Enrich.
FOR BUSINESS LOANS:Please call 1-800-228-3734, option 1. FOR EDUCATION LOANS:Visit the FAME Loan Repayment Portal, and click the green “Register” button. Be sure to have your loan account number, your contact information (email and phone number), and your phone. These will be required to set up your online loan account.
NOTE: Maine Loan accounts in good standing are serviced by FirstMark Services and are not accessible through the FAME Loan Repayment Portal.
Educators for Maine Loan Program Application for Undergraduate & Graduate Students
PLEASE NOTE: You are being redirected to FAME’s online application system. You will not be able to save an application in progress and return to it later—once you begin the application, you’ll need to complete it. For this reason, we recommend you have all documents required to complete your application ready to upload (in .pdf format) before you begin.
Educators for Maine Loan Program Application for High School Seniors
PLEASE NOTE: You are being redirected to FAME’s online application system. You will not be able to save an application in progress and return to it later—once you begin the application, you’ll need to complete it. For this reason, we recommend you have all documents required to complete your application ready to upload (in .pdf format) before you begin.
PLEASE NOTE: You are being redirected to FAME’s online application system. You will not be able to save an application in progress and return to it later—once you begin the application, you’ll need to complete it. For this reason, we recommend you have all documents required to complete your application ready to upload (in .pdf format) before you begin.
PLEASE NOTE: You are being redirected to FAME’s online application system. You will not be able to save an application in progress and return to it later—once you begin the application, you’ll need to complete it. For this reason, we recommend you have all documents required to complete your application ready to upload (in .pdf format) before you begin.
Maine Veterinary Medicine Loan Program Application
PLEASE NOTE: You are being redirected to FAME’s online application system. You will not be able to save an application in progress and return to it later—once you begin the application, you’ll need to complete it. For this reason, we recommend you have all documents required to complete your application ready to upload (in .pdf format) before you begin.
Nurse Educators Loan Repayment Program Application
PLEASE NOTE: You are being redirected to FAME’s online application system. You will not be able to save an application in progress and return to it later—once you begin the application, you’ll need to complete it. For this reason, we recommend you have all documents required to complete your application ready to upload (in .pdf format) before you begin.
As part of the application process for your private loan, you will need to complete a brief private loan counseling course on iGrad, a financial literacy resource provided by the Finance Authority of Maine (FAME). The course will take approximately 10 minutes, after which you will be directed to the loan application.