AUGUSTA — The Finance Authority of Maine (FAME) is recognizing April as Financial Literacy Month by offering a variety of statewide initiatives and educational workshops intended to promote the importance of financial education to Maine citizens.
FAME’s College Access and Financial Education (CAFÉ) Team will be visiting schools throughout Maine to present a variety of topics intended to improve the financial capability of Maine students. From kindergarten to college and beyond, FAME offers a diverse selection of financial education initiatives to Maine students. Each year, FAME presents financial education sessions to several thousand Maine students. These sessions are offered directly in the school or college setting through presentations, games and a variety of hands-on learning activities.
FAME also recently launched a new guide, Managing Your Money. Intended for consumers of any age, this publication was created to provide tips and tools for building lifelong money management skills. The free publication also includes “mind your money” tips, which focuses on the psychology behind our personal financial behaviors.
“FAME’s financial education efforts are a key element of our mission. We provide outreach to schools throughout the state, from Aroostook to York Counties, in order to help prepare Maine students for financially successful futures,” stated FAME Chief Executive Officer Bruce Wagner. “FAME is a proud co-sponsor of the upcoming financial education conference for classroom teachers and community educators.”
FAME partners with American Student Assistance (ASA) to help Maine college students manage their finances and student loans. Through the innovative financial education program SALT™, powered by ASA and administered in Maine by FAME, Maine high school and college students, as well as alumni receive well-timed, neutral financial education resources, advice, and self-paced courses designed from the student’s point of view. College students also receive one-on-one counseling by trained advisors who can answer questions objectively and advocate on their behalf. SALT offers easy-to-use tools that help students and alumni monitor and manage their loans and payments online.
“Along with education finance resources and economic development loans and guarantees, financial literacy is a major component of FAME’s mission and purpose. Our new strategic plan, which was a real team effort by the FAME Board and staff, will challenge us to both broaden and deepen our efforts to help all Maine students and educators gain a better understanding of basic personal and business financial matters,” stated Raymond Nowak, Chair of the FAME Board of Directors.
“Fostering Financial Education in Maine Schools Conference,” the sixth annual financial education conference for Maine teachers, administrators, counselors and others, will be held at the Cross Insurance Center in Bangor on May 1, 2015 from 7:30 a.m. to 3:00 p.m. FAME is once again sponsoring the conference along with the Maine Office of Securities, the Maine JumpStart Coalition, the Maine Credit Union League, and others. FAME staff will be available at the event, which is designed to help Maine teachers develop strategies for educating students about the basics of earning, saving, spending and investing money.
For more information on the financial education conference, please visit:
FAME is a quasi-independent state agency that provides innovative financial solutions to help Maine citizens pursue businesses and educational opportunities. To learn more about FAME, please visit www.famemaine.com.