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Belanger awarded MeHeaf scholarship

December 9, 2005

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University of Maine at Fort Kent student Kristen Belanger accepts the Maine Banker's Association Scholarship from MBA chair Tony McKim (right), executive vice president of The First. Joining Belanger and McKim is UMFK President Richard Cost.


The trustees of the Maine Higher Education Assistance Foundation recently awarded a scholarship in the amount of $1,000 to Kristen Belanger, of Wallagrass, a 2002 graduate of Fort Kent Community High School attending the University of Maine at Fort Kent.

Following graduation from high school, Belanger attended Thomas College in Waterville. Then in 2004, she returned to Fort Kent to attend UMFK.

At Fort Kent, Belanger is a senior majoring in E-Commerce and maintains a high grade point average.

She was presented the award at a special luncheon held at UMFK's Acadia House with members of the Maine Bankers Association, UMFK community, St. John Valley legislators, and family members present.

Bankers Association Chairman Tony McKim, executive vice president of The First, made the presentation to Belanger.

In addition to being a full-time student at UMFK, Belanger is employed in the billing department at Northern Maine Medical Center in Fort Kent.

She is the daughter of Melvin and Ann Belanger.

The Maine Higher Education Assistance Foundation was established in the 1950's 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 the founding members, began a scholarship program funded by the return of the original loan guarantee funds.

This year the MeHEAF trustees have selected students at thirteen Maine colleges and universities to receive scholarships.

The participating school selects the student scholarship recipients who are in their second, third, or fourth year, and are Maine high school graduates majoring in a business related subject.

The colleges and universities select the recipients based upon academic standing and financial need.

All scholarships are awarded for second semester expenses.

Since 1990, a total of $202,400 in scholarships has been awarded. In 2005, an additional $13,000 will be awarded to thirteen students.