Finance Authority of Maine | State of Maine

The Finance Authority of Maine (FAME) is requesting proposals from qualified law firms to serve as Bond Counsel for its tax-exempt alternative student loan financing activities, specifically for The Maine Loan program. The selected law firm will be appointed for an initial period of three years, commencing in December 2026, with up to two two-year contract extensions. Services include advisory assistance, document preparation for MELA Bond issues (such as bond resolutions, indentures, and official statements), guidance on bond market legal procedures, litigation representation, and tax and arbitrage rebate compliance advice. Proposals must be submitted via email to [email protected] by October 30, 2026, at 4:30 PM EDT. An optional question submission deadline is set for October 7, 2026.

The Finance Authority of Maine (FAME) requests proposals from qualified registered Municipal Advisors to provide financial advisory and municipal securities services for its tax-exempt alternative student loan financing activities and Maine Loan program. Services include Plan of Finance development, debt structuring, cash flow modeling, underwriter selection and evaluation, pricing representation, official statement preparation, and rating agency presentations. The initial contract is for a period of three years, with up to two, two-year contract extensions. Proposals are due by October 30, 2026, no later than 4:30 PM EDT, submitted electronically via email to [email protected]. Questions must be received by October 7, 2026. Evaluation criteria include Qualifications and Experience (35%), Cost Proposal (35%), and Proposal Responsiveness (30%).

The Finance Authority of Maine (FAME) is requesting proposals from qualified firms to serve as Underwriter for its tax-exempt alternative student loan financing activities commencing in December 2026. The services include managing the overall underwriting process, providing feedback on financial structure to minimize borrowing costs, assisting in drafting bond documents, participating in conference calls, preparing cash flow analyses, pre-marketing and pricing securities, and coordinating sale and closing. The contract is for a period of three years, with up to two, two-year contract extensions. Proposals are due by October 30, 2026, at 4:30 PM EDT, via email to [email protected]. Questions must be submitted by October 7, 2026. Evaluation criteria include Qualifications and Experience (30%), Cost Proposal (40%), and Proposal Responsiveness (30%).

The Finance Authority of Maine (FAME) is seeking proposals from interested and qualified parties to serve as outside collections services provider, performing loan collection activities on behalf of FAME and other State of Maine agencies. The portfolio consists of over $80MM of education loans, primarily unsecured, education-related consumer loans originated under several different programs. The scope includes contacting borrowers and/or co-signers, attempting to negotiate repayment plans, implementing and monitoring repayment plans, and potentially initiating and prosecuting judicial collection proceedings to judgment. Interested parties must submit proposals by email to [email protected] no later than 5:00 PM EDT on July 31, 2026. Questions must be received by July 17, 2026. Proposals will be evaluated based on qualifications and experience (40 points) and cost proposal (60 points).

The Finance Authority of Maine (FAME) seeks a private nonprofit corporation for a one-year contract in the amount of $73,000 to market the Job Creation Through Educational Opportunity Program, also known as the Student Loan Repayment Tax Credit. The selected vendor will market the tax credit statewide and, if funds permit, outside the state to remote workers, employers, high schools, postsecondary educational institutions, and organizations of parents and teachers. Marketing efforts include printed and electronic materials, online information, and in-person and remote promotional efforts. Proposals are due by December 26, 2025, at 4:30 p.m. EST. Evaluation criteria include responsiveness to requirements, organizational and individual experience, and cost.

The Finance Authority of Maine (FAME) is seeking proposals from qualified third-party servicers for the Maine Loan alternative credit-based student loan program, including The Maine Loan, Maine Medical Loan, and Maine Consolidation Loan portfolios. The scope includes conversion of an existing portfolio of approximately $88.8 million (7,349 loans / 3,641 borrowers) and newly originated loan volume commencing April 1, 2026, estimated at $20 million per year. Major tasks encompass core operational requirements, account management, compliance and reporting, customer service and communication, performance standards (SLAs), and technology and security requirements. Proposals must be submitted electronically to [email protected] by 5:00 p.m. EDT on Friday, December 19, 2025. Bidder questions are due by December 4, 2025. The initial contract period is five years, with options to renew for up to two additional years.

The Finance Authority of Maine seeks a consulting partner through this Request for Proposal to design and implement a Target State Architecture as part of a technology modernization initiative. FAME's current technology environment features disparate custom-built solutions and COTS products lacking unified architecture, which support mission-critical operations. The selected partner will design the future-state enterprise architecture to streamline business operations, improve customer experience, and position the organization for long-term agility. Proposals are currently closed and under review following a submission deadline of July 25, 2025.

The Finance Authority of Maine (FAME) seeks qualified parties for a one-year, $500,000 contract to market the Student Loan Repayment Tax Credit (SLRTC) and attract remote workers to move to Maine. The vendor will implement a comprehensive marketing and attraction campaign utilizing paid media, direct outreach, and recruitment events to reach out-of-state workers and employers. Key project goals support the state's strategic target of adding 75,000 people to Maine's workforce by 2030. Proposals are due by March 14, 2025, at 4:30 p.m. EST, submitted via electronic or USPS mail to William Norbert at FAME in Augusta, ME. Evaluation criteria include responsiveness to requirements, organizational and individual experience, and cost.