College of Management and Human Service

School of Business Student Receives Maine Higher Education Assistance Foundation Scholarship

President Theo Kalikow and Award Recipient Bryan Hill

The Maine Higher Education Assistance Foundation (HEAF) is pleased to announce the awarding of a scholarship in the amount of $1,000 to University of Southern Maine student Bryan Hill.

Hill is a double-major in accounting and finance at USM and a 2008 graduate of Sanford High School. As a USM student, Hill has completed several internships with Portland-based businesses. In addition to the HEAF scholarship, he has received the George D. Woodward Accounting Scholarship, the Bank of America Scholarship, and the Electa Mclain Brown Scholarship during his college career.

The Maine Higher Education Assistance Foundation was established in the 1950s as a guarantee fund for student loans. The founders included a wide range of banks, businesses, community organizations and individuals. In 1990, the HEAF trustees, to continue the original intent of the founding members, initiated a scholarship program funded by the return on the original loan guarantee funds. The fund is now managed by the Maine Bankers Association 489 Congress Street, Portland.

Since 1990, a total of $282,000 in scholarships has been awarded. Colleges receiving HEAF grants each year are:  Husson University, five campuses of the Maine Community College System, St. Joseph’s College, Thomas College, University of Maine at Augusta, University of Maine at Farmington, University of Maine Fort Kent, University of Maine at Machias, University of Maine at Orono, University of Maine at Presque Isle, University of New England and University of Southern Maine.

Dean Joseph McDonnell

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