Finance Authority of Maine (FAME)
The award is in the form of a forgivable loan and is for the following amounts: $3,000 annually for undergraduate students; $2,000 annually for graduate students. Undergraduate students may receive a maximum amount of $12,000 through the program, and graduate students may receive a maximum of $8,000. Students may renew the award by filing a FAFSA and renewal application by May 1 annually, and maintaining a grade point average of 2.5 or higher.
The number of awards offered varies annually. In the 2013-2014 academic year (the most recent for which data is available), there were 83 awards given.
The Educators for Maine (EFM) Program is a competitive, merit-based, forgivable loan program for Maine students pursuing careers in teaching, including speech pathology and child development or childcare. All applicants must demonstrate community service involvement, school activities, and leadership positions. New applications are reviewed by a selection committee. Committee members only review applications that meet the minimum eligibility criteria based on: academic performance; awards and special honors; relevant activities; grammar, style, and content of the 500-word essay. Recipients must intend to work in Maine after completing their education and cannot currently hold state certification to teach or child care provider qualifications, as applicable. Recipients who do not perform eligible work in Maine at an eligible school or child care facility must repay the loan to FAME with interest.
Applications will be available from the Finance Authority of Maine (FAME) website in February. In addition to the completed application, the student must also submit the following materials: a copy ... sign up for full scholarship deadline information.