December 1, 2006
The trustees of the Maine Higher Education Assistance Foundation recently awarded a scholarship in the amount of $1,000 to Dustin Nadeau of St. Francis. Dustin is the son of Benny and Tammy Nadeau.
Bankers Association President, Joseph J. Pietroski, Jr., and Executive Vice President, Tony McKim, made the presentation to Nadeau at a special luncheon held at the University of Maine at Fort Kent's Acadia House with members of the Maine Bankers Association, the UMFK community, St. John Valley legislators, and Nadeau's family members present. UMFK President, Dr. Richard W. Cost, and his wife, Ellen, hosted the luncheon.
Nadeau is a senior at the University of Maine at Fort Kent majoring in business management, where he maintains a high grade point average.
In addition to being a full-time student at UMFK, Nadeau helps out with his father's business, is a UMFK soccer player, and is a boy's basketball coach at the Fort Kent Community High School. Last week Dustin was named to the National Association of Intercollegiate Athletics Academic All- American men's soccer team.
The Maine Higher Education Assistance Foundation (MeHEAF) was established in the 1950s to support a guarantee fund for student loans. The founders included a wide range of banks, businesses, community organizations, and individuals.
In 1990, the MeHEAF trustees -- the Maine Bankers Association board of directors -- seeking to continue the original intent of its founding members, began a scholarship program funded by the return of its original loan guarantee funds. This year MeHEAF trustees selected students at thirteen Maine colleges and universities to receive $13,000 in scholarships.
The participating schools select student 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. Colleges and universities select recipients based upon academic standing and financial need. All scholarships are awarded for second semester expenses.
Since 1990, a total of $215,400 in MeHEAF scholarships has been awarded.