Katherine Richardson Receives Maine Bankers Scholarship
MACHIAS, Maine – The trustees of the Maine Higher Education Assistance Foundation (MeHEAF) are pleased to announce the awarding of a scholarship in the amount of $1,000 to Katherine Richardson, a business and entrepreneurial studies major at the University of Maine at Machias. She is a graduate of Machias Memorial High School.
The Maine Higher Education Assistance Foundation was established in the 1950’s as a guarantee fund for student loans. The founders included a wide range of banks, businesses, community organizations, and individuals. In 1990, the MeHEAF 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.
Since 1990, a total of $271,000 in scholarships has been awarded. Colleges receiving MeHEAF grants each year are: Husson University, 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 Presque Isle, University of New England, and University of Southern Maine.