Finance Authority of Maine (FAME)
Finance Authority of Maine
Independent state agency helping Maine residents plan and pay for higher education through grants, scholarships, and low-interest loans. Also provides financing programs for Maine small businesses and entrepreneurs.
Who can use this?
Education programs: Maine residents pursuing higher education. Business programs: Maine-based businesses. Free community college: Maine residents who graduated HS in 2023-2025.
About this resource
FAME administers the Maine State Grant program, NextGen 529 plans, the Maine Loan, and the free community college scholarship for recent grads. Also offers small business financing programs.
Services offered
- Maine State Grant for college students
- NextGen 529 college savings plan
- Maine Loan (low-interest student loans)
- Free community college scholarship administration
- Small business loan insurance programs
- FAFSA help and financial aid counseling
What to expect
Call or visit famemaine.com to explore programs. For education financing, start by filing the FAFSA.
What to bring
For education: FAFSA confirmation, tax returns, school enrollment info. For business: business plan, financial statements.