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Old Model School • University of Maine at Fort Kent • 23 University Drive, Fort Kent, ME 04743

Maine Higher Education Foundation Scholarship Awarded to Megan Blanchette

March 20, 2020

Maine Bankers Association Group photo take on March 13 2020
Photo caption: (l to r) Lee Theriault, assistant professor of business and Professional Studies Division Chair; Steve and Ruby Blanchette (parents);         Megan Blanchette; David Cambridge, Senior Vice President, Commercial Services, Katahdin Trust Company; Chris W. Pinkham, president and CEO of the Maine Bankers Association; and John Pelletier, adjunct faculty and business internship coordinator.                                                 
 

 

The trustees of the Maine Higher Education Assistance Foundation (MeHEAF) are pleased to announce

the awarding of a scholarship for $1,000 to Megan Blanchette of New Canada.  Megan is a junior pursuing a bachelor’s degree in business at the University of Maine at Fort Kent, where she maintains a high grade-point average.  

Chris Pinkham, president of the Maine Bankers Association, made the presentation to Blanchette at a luncheon ceremony on Friday, March 13th at the UMFK’s Nowland Hall faculty dining room with members of UMFK’s Professional Studies faculty, representatives from the association and local bank, and her family, in attendance.

Participating schools select scholarship recipients who are in their second, third, or fourth year of study and whom are Maine high school graduates majoring in a business-related subject.  The schools choose recipients based upon academic standing.  The MeHEAF awards all scholarships for second semester expenses. 

Megen Blanchette is a 2014 graduate of Community High School in Fort Kent. She works as a bookkeeper at GB&D Farms and completing her internship program at Lee Theriault, CPA.

Organizers formed the Maine Higher Education Assistance Foundation 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 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 Maine Bankers Association, now located in Westbrook, manages the fund.  

MeHEAF has given thirty-two scholarships to UMFK students to date. UMFK also has a plaque with each student’s name and year awarded, which the University displays in the Grindle conference room, located in Cyr Hall.