FAME to Award $16,000 in Scholarship Prizes

AUGUSTA, MAINE — September 30, 2016 — The Finance Authority of Maine (FAME) announced today that it will award 16 $1,000 Scholarship Prizes to be contributed to 16 NextGen 529 plan accounts, selecting one random winner from each of the 16 counties of Maine. The Invest in ME sweepstakes begins on October 1, 2016 and… Read more »

FAME Declares Major Statewide Education Initiative

PORTLAND, Maine — September 30, 2016 — Portland Mayor Ethan Strimling, the Superintendent of Portland Public Schools Xavier Botana, and Ben Gilman, Senior Government Relations Specialist at Maine State Chamber of Commerce joined Finance Authority of Maine (FAME) CEO Bruce Wagner to announce a major statewide effort called Invest in ME 2030. This new effort… Read more »

FAME Announces Record-Breaking Year for College Investing

FAME announced today that 2015 was a record-breaking year for Maine residents who received matching grants based on their contributions to a NextGen College Investing Plan® account. “It was a banner year, with nearly 16,000 families receiving grants for higher education,” said Bruce Wagner, CEO of FAME. “FAME is investing in the future of Maine… Read more »

Important Information Regarding Changes Affecting Section 529 Plans

On December 18, 2015, President Obama signed into law the Protecting Americans from Tax Hikes (PATH) Act of 2015. Included within the PATH Act were the following provisions affecting Section 529 qualified tuition programs, effective for tax years beginning after December 31, 2014: 1. Expenses for the purchase of a computer or peripheral equipment, computer… Read more »

Back to School…and Time to Talk about The Future

AUGUSTA, MAINE — September 2015 — The Finance Authority of Maine (FAME) announced today that it is launching a statewide effort to encourage conversations about planning and saving for education after high school. According to the U.S. Census Bureau 2013 American Community Survey, only 37.8% of Maine residents 25 years or older have attained a… Read more »