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FAME UpdateMASFAA Conference October 17-18, 2011

College Access and Financial Education

State Education Programs

NextGen College Investing Plan

Commercial Division

Todays TopicsFAME Update2CAF StaffFAME UpdateJessica Bernier, College Access CounselorJoined FAME September 19Comes from YCCC Early College for MEWill cover Western and Southern Maine regions

Angela Dostie, CAF ManagerMila Tappan, College Access Counselor (Northern and Downeast)Pam Crate, College Access Counselor for Adult EducationMary Dyer, Financial Education Specialist

3FA101 6th year completedSignature training140 registrants, 125 attendeesGreg Darnieder, keynote speaker

ME Files the FAFSAOne of only two states actively working with high schools to help increase FAFSA filing ratesIL is the other58% for 2011 201260% goal for 2012 -2013, 85% goal for 2014-201590% of those that file a FAFSA attend college within 12 months!

FA101FAME UpdateNote: half time is only 4400; time is 4500Discuss change from FFELP to DLSplit borrowers4MCACG competitive sub-grantsAward notifications sent mid-SeptemberTotal Dollars Awarded: $675KThomas College and Eastern Maine Community CollegeCheck FAMEmaine.com for other projects fundedChallenge ME GrantEarly College Courses or AP TestsGuidelinesIncomePursuing high school or GEDEligible high schools and adult education centersCollege Access and PersistenceCollege Access Challenge GrantFAME UpdateVery quick turnaround time due to the late notification from the federal government. Expect the program to be available again for the 2011-2012 year.Angela will provide detailed information re: reporting and sharing of information during the upcoming weeks. Happy that the funds are being used to provide services/activities directly to students and families not an administrative grant.Apx 1/3 for MCACG sub-grants; 1/3 for Challenge ME Grants; 1/3 college access/financial education activities

5Site request form new this yearSunday, January 29, 20128 10 sites that SundayComputer access requiredFAFSA labsAfternoons and evenings January, February, March35 40 sitesEvent format Sign-inSurveysScholarshipsCollege Goal Maine FAME Update

6College Access Efforts FY11FAME UpdateParticipated in 384 eventsHelped complete 728 FAFSAsTrained 677 counselors and advisorsConducted 68 Financial Aid Night presentations53 during November and December alone34,026 Maine citizens attended one of these events and 10,765 participated in a training or workshop. In addition to the events listed above, there were 6 Casting Calls at which 692 applications were completed7Financial EducationFAME UpdateFinancial Literacy Advisory CouncilGroup of 25+ stakeholders working in ME on financial literacyFAME assisted in coordinating an inventory of efforts in State

Mary Dyer has been asked to be the President of the Maine Jump $tart Coalition

FAME continues to partner with the Maine Office of Securities to offer the 3rd annual Financial Literacy Summit for Maine Educators April 26, 2012. STAY TUNED for more information.

8Default Prevention & Debt ManagementFAME UpdateEarly Intervention Program since inception14,255 borrowers enrolled12,504 in good standing = 87.7% of enrolleesFAME Cohort Default Rate 6.1%Held steady from prior yearNational average is 8.8%At-risk students remain FAME focusHigh default ratesLow graduation ratesExploring collaboration in changing landscapeMYF sponsorship discontinuedSalary-Debt calculator on FAME siteThree VFAs submitted by FAME92011 2012 holding steady on EFC & projections2010 201124,558 students assisted$15,244,594 ($10,630,340 appropriation)Stakeholders Study Group UnderwayBroad Goal: ensure program is meeting the needs of Maine studentsStudent centric focusPersistence and completionReport to Legislature due December 1Statute modifications

State of Maine Grant ProgramFAME Update10GEAR UP ScholarshipLast cohort of students eligible for the GEAR UP scholarship entered college this FallNo new GEAR UP grants funded in Maine for this roundFAME is preparing for increased CAF demands

John R. Justice Grant ProgramLoan repayment program for public service attorneysFunded by Feds for year twoExpect 15 renewals and 3 new awards

State Education ProgramsFAME Update11Other State Education ProgramsFinancial Aid UpdateEducators for MaineMaine Health Professions LoanGEAR UP ScholarshipDoctors for Maines FutureDental Education LoansDental Loan Repayment

$5,066,651 awarded in FY11

12Successful Scholarship Partnerships

11 $1,000 scholarships annuallyGlenburn Elementary SchoolJanuary 2011 Press EventScholarship Criteria Announcement

NextGen College Investing PlanFAME Update

13March 2011 new matching grant programs

Eligible accounts opened after January 1, 2011No income restrictions$200 Initial Matching Grant$400 NextStep Matching Grant$50 Automated Funding GrantHarold Alfond College Challenge$500 baby grant10,000th enrollee in July 2011

NextGen College Investing PlanFAME Update

14Commercial Division FY11FAME UpdateEconomic RecoveryPotato MarketingAgricultural MarketingUnderground Oil Storage FacilityRegional Economic Development DaycareEnergy Conservation$7.5 million

15$44.5 million in Commercial Loan Insurance (CLI)

Commercial Division FY11FAME Update

163,664 jobs created and/or retained

Variety of FAME programs designed to support businesses in Maine

Commercial Division FY11FAME Update

17Maine Food Processing GrantsFor fishing and agricultural enterprisesFAME awarded $975KGrants expected to help create and/or retain 165 jobs

State Small Business Credit Initiative (SSBCI)FAME Collaboration to write and administer this grant$13.2 million in Federal funding to spur $132 in additional small business lendingRecapitalizing - Regional Economic Development Revolving Loan Programs, FAMEs Economic Recovery Loan Program and Small Enterprise Growth Fund

www.FAMEmaine.comCommercial Division NotablesFAME Update18Customer Service FY11FAME Update

Publication Update:Tool Kit (distributed mid-September)Postsecondary Guide (distributed mid-September)Life 101 (expected mid-October)See table in lobby for all our materials.order online or here.

19Financial Planning Conference for Maine Professionals Holiday Inn by the Bay beginning at 9:00 a.m.Collaboration with NextGen and Maine Office of SecuritiesThank you Andrea Cross and Peggy Crawford!

Showcase MaineHoliday Inn by the Bay beginning at 4:30 p.m.Bob Doll, Keynote speakerSenior Managing Director, Chief Equity Strategist and Head of U.S. Large Cap series at BlackRockBlackRock has $3.66 trillion assets under managementBob appears regularly on CNBC, Bloomberg and Fox Business News

November 15, 2011FAME UpdatePublication Update:Tool Kit (distributed mid-September)Postsecondary Guide (distributed mid-September)Life 101 (expected mid-October)See table in lobby for all our materials.order online or here.

20Finance Authority of Maine5 Community DriveP.O. Box 949Augusta, ME 043321-800-228-3734www.famemaine.com/educationQuestions?FAMEUpdate