- The Finance Authority of Maine (FAME) announced new and improved commercial financing options and fees. The changes result from input by FAME’s lending partners and the agency’s desire to better serve its customers. FAME lender customers can now opt to use: NEW three- and five-year fee options for term loan insurance; New three-year fee option for line of credit loan insurance; and Leveraged insurance in the OnLine Answer (OLA) application process.
- Windham Professionals has been recognized by The Commonwealth Institute and The Boston Globe Magazine as a Top 100 Women-Led Business in Massachusetts.
- New Hampshire Higher Education Assistance Foundation (NHHEAF) Network Organizations is holding free, one-hour FAFSA filing event at one of fourteen participating college or universities during the month of November. During each event, college financial aid professionals will assist New Hampshire families to submit the form and answer financial aid questions.
- The Kentucky Higher Education Assistance Authority reminds students nationwide that the grace period for those students who graduated in May is almost over and their first loan payment will be due soon.
- USA Funds announced the creation of a new nonprofit membership organization — the DXtera Institute — to help higher education institutions and their partners better use data to promote student success and college completion.
- The Finance Authority of Maine (FAME) will celebrate another year of successful business and educational partnerships at its annual meeting and awards event, Showcase Maine, on November 17, 2016. Showcase Maine is FAME’s annual celebration of its successful partnerships with Maine’s business, lending, and higher education communities.
- New Hampshire Higher Education Assistance Foundation (NHHEAF) Network Organizations announced that EDvestinU, the nonprofit student loan program of the New Hampshire Higher Education Loan Corporation (NHHELCO), has made changes to fixed and variable annual percentage rates in its Consolidation Loan Program. EDvestinU’s fixed and variable annual percentage rates have been reduced to now range from 2.46% - 7.54% with enrollment in Autopay. Repayment terms of 5, 10, 15, and 20 years are now available with no early repayment penalty. In related news, the NHHEAF Network Organizations’ Center for College Planning offers New Hampshire families free financial aid advice and assistance filling out Free Application for Federal Student Aid in its Concord office.
- American Banker highlights ReliaMax and its Connext product, which was launched in August and is designed to allow smaller banks to offer student loans even if they lack the internal resources to underwrite and service these loans.