For Immediate Release
Danielle Vayenas, USM Director of Communications,
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Daniel Hartill, USM Communications and Media Relations Specialist
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Corey Hascall, USM Vice President of Alumni and Public Engagement
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MEMIC Issues $20,000 Access to Education Challenge to USM Community
Matching gift campaign supports scholarships for new Mainers and other students not eligible for federal financial aid
PORTLAND, Maine -- Financial aid opens the door to higher education for 85% of students at the University of Southern Maine. But there are many aspiring students who aren't eligible to receive federal aid, making college a distant dream. To help these deserving students --- asylum seekers, new Mainers and international students --- overcome financial barriers, the USM Foundation created the Access to Education Scholarship.
Now MEMIC, one of USM's leading employer partners, has issued a $20,000 challenge to support the Access to Education Scholarship. During the month of April, MEMIC will match contributions one-to-one up to $20,000, unlocking the company's $20,000 donation to the scholarship fund.
"Maine's greatest existential threat is its aging population. We all must be intentional about attracting and retaining talent. This scholarship targets a student population that holds great potential for Maine's economic future ---but without the help of federal financial aid, their way forward is blocked," explained MEMIC's senior vice president of external affairs, Tony Payne. "MEMIC is committed to opening those doors and bringing more skilled graduates into our state's workforce."
A national leader in workplace safety, MEMIC has forged deep ties with USM to help build the next generation of talent in Maine. In 2018, the company established the MEMIC John T. Leonard Endowed Chair in Risk Management and Insurance (RMI) at USM. This investment will help double the capacity of USM's RMI program, which is helping to meet critical workforce needs in one of Maine's most robust industries.
Now, with the $20,000 Access to Education challenge this spring, MEMIC is continuing its focus on higher education accessibility by helping to make more scholarships available to more students, including many new Mainers who aren't eligible for Pell grants and other forms of federal aid.
USM's director of student financial services Keith Dubois said, "Nearly half of USM students depend on Pell grants to afford tuition. Lack of eligibility for this type of federal aid creates a very steep financial barrier. The new USM Access to Education Scholarship is designed specifically to help these students, many of whom are highly qualified applicants --- and we would love to have them here at USM."
Starting April 1, USM's wider community of donors, friends, alumni and employer partners will be asked to "help make the match" so that USM can meet MEMIC's $20,000 Access to Education challenge.
"MEMIC is stepping up in a big way to strengthen our scholarship resources at USM," said Corey Hascall, vice president for alumni and public engagement at the USM Foundation. "This challenge goes to the very heart of the USM Foundation's mission because scholarships have the capacity to transform our students' lives. So this spring, we are asking the USM community to help us rise to the challenge and give to the Access to Education Scholarship."
University of Southern Maine
Situated in Maine's economic and cultural center, the University of Southern Maine (USM) is a public university with 8,000 undergraduate and graduate students taking courses online and at campuses in Portland, Gorham and Lewiston-Auburn. Known for its academic excellence, student focus and engagement with the community, USM provides students with hands-on experience that complements classroom learning and leads to employment opportunities in one of the nation's most desirable places to live.
About the USM Foundation
The USM Foundation is here to catalyze transformation at the University of Southern Maine. As an independent, nonprofit organization, we work closely with the University to support the aspirations of our students and the strategic vision of USM. The Foundation engages with alumni, community and employer partners to encourage philanthropic support for the University. We raise the critical funds needed to benefit scholarships, academic programs and new initiatives that enrich the USM experience today and for generations to come.
The MEMIC Group includes MEMIC Indemnity Company, MEMIC Casualty Company, and parent company Maine Employers' Mutual Insurance Company; all rated "A" (Excellent) by A.M. Best. As a super-regional workers' compensation specialty insurer, The MEMIC Group holds licenses to write workers' compensation across the country. The group insures more than 20,000 employers and their estimated 300,000 employees, and it holds more than $1.4 billion in assets. The group maintains offices in New Hampshire, Connecticut, New York, New Jersey, Pennsylvania, Virginia and Florida, in addition to its headquarters in Portland, Maine.