Online Site Helps Grads Manage Loan Debt

The Finance Authority of Maine (FAME) has online resources for managing student loan debt.

In Maine, nearly 60 percent of college students surveyed in 2017 graduated with debt, and the average debt was $29,752. Maine graduates owe more in student loans than many of their peers, and have the 15th highest rate of college debt in the U.S.  

Managing student loan debt is important not only for individuals but also for the state’s workforce.

In an interview with CNN last fall, Nate Wildes ’12, executive director for Live + Work in Maine, acknowledged that “student loans are a big financial burden and emotional burden.”

To combat student loans consider, a FAME web resource to help inform or assist graduates in refinancing or consolidating student debt.