Photo / Amber Waterman

Bruce Wagner, CEO of the Finance Authority of Maine. A bill proposed by Gov. Paul LePage and Rep. Martin Grohman, I-Biddeford, calls for a $50 million general obligation bond to offer no-interest student loans as well as loan refinancing that would be administered by FAME. The intent of the legislation is to encourage more young people to live and work in Maine by lowering their student loan costs.