File the FAFSA

There is money available to help pay for college. Begin by filling out the FAFSA.

The Maine Loan from FAME

It’s the smart way to bridge the gap between financial aid and tuition costs. Learn how the Maine Loan can help.
Learn about the Maine Loan

Building a Business?

FAME’s Business Roadmap outlines key steps in the planning and financing process, and provides tools, resources, and partners that can help you along the way.
Business Roadmap

Help your child succeed!

Learn how opening a NextGen 529® account can help.
NextGenForME.com

Recent News

FAME Expands Invest in ME Reads Program to Reach Over 50,000 Elementary Students

Free Family Financial Wellness Program to Support Families and Caregivers in Building Financial Skills AUGUSTA –The second half of the school year is underway in Maine and the Finance Authority of Maine (FAME), in partnership with the Consumer Financial Protection Bureau, is supporting more students than ever before throughInvest in ME Reads, a family financial wellness […]

Request for Proposals: Cybersecurity Assessment

 The Finance Authority of Maine is accepting proposals from interested and qualified firms for cybersecurity assessment services to evaluate the information security controls, policies, and practices of the organization against objective controls in the NIST Cybersecurity Framework (CSF). The deadline for responses is 12:00 pm EST on Monday, January 22, 2024. Download the RFP

Notice of Public Hearing

The City of Sanford, Maine (the “Municipality”) and York County Community Action Corporation (the “Agency”) previously submitted an application to the Finance Authority of Maine (the “Authority”) pursuant to 10 MRS §1063, requesting a Certificate of Approval with respect to the proposed issuance of Revenue Obligation Securities by the City of Sanford, Maine for the […]

FAME Celebrates 40 Years of Maine Success Stories at Showcase Maine Event

AUGUSTA — The Finance Authority of Maine (FAME) celebrated forty years of business and education success stories and partnerships at its annual meeting and awards event, Showcase Maine, on Thursday, November 16, 2023, at South Portland’s Portland Sheraton at Sable Oaks. Showcase Maine is FAME’s annual celebration of its successful partnerships with Maine’s business, lending, […]

FAME’s Jennifer Lanphear Elected President of National Organization Representing State Student Grant and Aid Programs

AUGUSTA – The Finance Authority of Maine (FAME) is pleased to announce that Jennifer Lanphear, FAME’s Education Programs Manager, has been elected President of the National Association of State Student Grant & Aid Programs (NASSGAP).  NASSGAP, a national non-profit organization, is dedicated to advancing high standards in the management and execution of state-based student grant […]

40 Years of FAME

Fueling Maine’s Economic Growth by Supporting 10,000 Businesses that Created and Retained 200,000 Jobs Augusta, Maine – November 28, 2023 – The Finance Authority of Maine (FAME) marks a significant milestone this year as the agency celebrates 40 years of unwavering commitment to supporting Maine’s business community and helping Mainers meet the costs associated with higher […]

Notice of Public Meeting

The members of the Advisory Committee on Education Savings will meet on Friday, November 17, 2023, beginning at 9:00 a.m. at the Portland Sheraton at Sable Oaks, 200 Sable Oaks Drive South Portland.  Members of the public may attend in person or by conference call. To obtain the call instructions, please call Cheryl Wilkinson at the […]

Student Loan Repayment Pause Ending: FAME Can Help You Prepare

FAME launches resources to help Maine borrowers get ready for repayment restart Augusta – According to a recent survey conducted by U.S. News & World Report, only 30% of student loan borrowers know when their payments are set to resume, while almost half said they aren’t financially prepared to begin repaying their debt. In Maine, […]

FAME Financing to Assist Millinocket Aquaculture Business

Up to 80 jobs may be created at former mill site AUGUSTA — At its monthly meeting held on May 18, 2023, the Finance Authority of Maine (FAME) approved financing for Katahdin Salmon, Inc., an inland aquaculture business to be located in Millinocket. FAME’s actions are expected to help to create approximately eighty jobs in Millinocket. […]

FAME Selects Vestwell State Savings and Other Partners to Help Manage NextGen 529

The Finance Authority of Maine (FAME) has approved the selection of the following program management service providers to help manage the NextGen 529 plan going forward: Vestwell State Savings, LLC as Program Manager; BlackRock Advisors, LLC as Investment Manager; BlackRock Investments, LLC as Primary Distributor of the Client Select Series; and Bank of New York Mellon as Custodian.

Notice of Public Hearing

Notice is hereby given that York County Community Action Corporation has submitted an application to the Finance Authority of Maine (the “Authority”) pursuant to 10 MRSA §1063, requesting a Certificate of Approval with respect to the proposed issuance of Revenue Obligation Securities by the City of Sanford, Maine for the following purposes: ​BOND ISSUER:​ City of Sanford […]

Request for Proposals: Marketing Communications Agency

FAME is seeking the services of a full-service marketing firm to serve as its marketing agency. The deadline for responses is 1:00 pm ET on Thursday, June 8, 2023. The deadline for all questions related to the RFP is May 25, 2023, at 5:00 pm ET.

FAME to Launch Second Cycle of Thrive Maine on May 23, 2023

$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 […]

May is 529 Month

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 […]

Request for Proposals: Web-based Business Funding Portal

The Finance Authority of Maine is seeking a SaaS platform to host its conceptual, Web-based Business Funding Portal. The mission of the portal is to improve the experience of Maine business owners seeking funding by providing a central intake platform, common application, and automated lender matching. The deadline for responses is 11:59 pm EST on […]

FAME Offers Resources to Educate Mainers During Financial Literacy Month

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 […]

Notice of Public Hearing

NOTICE OF PUBLIC HEARING AND OPPORTUNITY TO BE HEARD REGARDING PROPOSED TAX‑EXEMPT BOND ISSUANCE BY THE FINANCE AUTHORITY OF MAINE TO FINANCE AND REFINANCE ELIGIBLE STUDENT LOANS AND TO REFUND CERTAIN OUTSTANDING BONDS OF THE AUTHORITY. The Finance Authority of Maine (the “Authority”) proposes to issue up to $30,000,000 in aggregate principal amount of its […]

FAME Loan Insurance Assists Kingfish Maine, Inc. Aquaculture Facility in Washington County

MAC Financial of Waterville also approved for direct loan AUGUSTA — At its monthly meeting held on February 16, 2023, the board of directors of the Finance Authority of Maine (FAME) approved loan insurance financing for Kingfish Maine, Inc., an aquaculture company based in Franklin with plans to construct a land-based facility in Jonesport. FAME […]

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.

Resources for Educators