| Dental Education Loan Program |
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The Dental Education Loan Selection Committee met earlier this month to review applications for the Dental Loan Programs. The review process requires the Selection Committee to interview the applicants and make recommendations to the Advisory Committee on Dental Education. The Advisory Committee is scheduled to hear the recommendations at a meeting scheduled for July 12. Notifications of award will be sent to applicants by the end of July.
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| Maine College Access Challenge |
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FAME is pleased to announce the availability of grant funds for the Maine College Access Challenge Grant (MCACG) Program for the 2012-2013 year. MCACG is part of a federal program designed to significantly increase the number of underrepresented students who enter and remain in postsecondary education.
Funding will be awarded on a competitive basis to eligible non-profit organizations. Proposals should support the overarching goals of increasing the number of students who are prepared to enter, persist and succeed (complete a credential) in postsecondary education. Applicants are encouraged to focus on underrepresented populations, such as low-income, minority, non-traditional, and stop-outs (students with some postsecondary work but no credential).
Eligibility and application information for the 2012-2013 MCACG cycle is available on the FAME web site at Maine College Access Challenge.
Questions about MCACG or the application process should be directed to Mila Tappan at mtappan@famemaine.com. The application deadline is Friday, July 27, 2012.
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| NextGen College Investing PlanŽ Fees |
FAME announced yesterday that various fees within the NextGen College Investing PlanŽ (NextGen) will be reduced.
Effective June 29, 2012, total annual asset-based fees will be reduced in most portfolios in the Client Direct (self-directed) Series. Also, total annual asset-based fees will be reduced in all unit classes in the Client Select (advisor-sold) Series. In addition, initial sales charges on A Unit class purchases will be reduced for certain asset classes. These and other changes can be reviewed in more detail in the Supplements dated June 29, 2012 to the Client Direct Series and Client Select Series Program Descriptions.
Most portfolio fees will be reduced between four and eleven basis points. Fees are being reduced up to eleven basis points in the actively available A and C Unit Classes in the Client Select Series. The Account Maintenance Fee within the Client Direct Series has been eliminated. A complete list of changes to the various portfolios is available on FAME's web site.
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