The Maine Loan and the Maine Medical Loan were formerly offered by the Maine Educational Loan Authority (MELA), and are now being administered by the Finance Authority of Maine (FAME). MELA was merged with FAME as of October 15, 2015. Like MELA, which provided private student loans, FAME’s mission is to assist Maine students and their families in achieving their higher education goals. Since 1990, FAME has provided financial education and outreach, as well as grant, scholarship, loans, loan guarantee, loan forgiveness and college savings programs. In 2015, the Maine Legislature approved merging MELA into FAME so Maine students and families would have a single State resource for all of their higher education financing needs.