Higher Education Assistance Foundation – Administered by the Maine Bankers Association


This scholarship is made available to a CAHS Economics major (odd years) or a student in the School of Business (even years), alternately. The recipient must be full-time student in the second, third or fourth years of their program with a good academic standing and must be enrolled in a business related course such as business management, accounting, economics, or computer technology.


Enrolled in a business-related program such as Business management, accounting, economics or computer technology, Business Administration (even years) or Economics (odd years) major; Full time student in the second, third, or fourth year of their program, A graduate of a Maine high school or a Maine GED program, Good academic standing, Financial Need as evidenced by the FAFSA.

Award Amount

Varies, $1,000



How to Apply

Faculty nomination.

How to Renew

Not renewable.


Melissa Burns
Disclaimer: Be sure to read the criteria for individual scholarships carefully. Most scholarships have enrollment and GPA requirements. Award amounts may vary each year and are subject to fund availability. As an NCAA Division III school, USM is prohibited from awarding scholarships based on athletic participation.