May 12, 2006
The University of Maine at Fort Kent (UMFK) has named Ellen C. Cost as its director of financial aid, effective May 1. Ms. Cost has served as acting director of financial aid at UMFK since January 2003.
At Fort Kent, Ms. Cost manages a $4.5 million financial aid program serving the 1,100 students enrolled at the University. She is responsible for creating, operating and maintaining policies and procedures within the Financial Aid office, in order to provide information, services, and financing to students and their families.
Ms. Cost has over 35 years of experience in the administration of financial aid, most recently as Director of Financial Aid at Tufts University School of Medicine in Boston, MA, where she managed a $28 million financial aid program.
"It has been a delight having Ellen serve as acting director of financial aid for the past two years. I am even more delighted with her permanent appointment to this vital position. Ellen's professional experience in the field of financial aid has a tremendous impact on UMFK's ability to attract students from the St. John Valley, and beyond," said John D. Murphy, vice president for administration at the University.
Prior to her positions at UMFK and Tufts, Ms. Cost served for more than 16 years as a senior associate at Academic Management Inc., of Millburn, New Jersey. The firm provided a wide-range of advice and services in the area of financial aid to more than 50 colleges in the United States. Ms. Cost also held the position of director of financial aid at Fairleigh Dickinson University in Teaneck, New Jersey, and as assistant director of financial aid at Rutgers University in New Brunswick, New Jersey.
Among her professional activities, Ms. Cost is currently serving as the Representative of the Maine Association of Financial Aid Administrators to the Eastern Regional Association. She is a featured speaker at the Summer Medical Education Program, a project of the Robert Wood Johnson Foundation and the Association of American Medial Colleges. She has been a trainer for the Maine and New Jersey Associations, as well as the College Scholarship Service, served as Treasurer of the New Jersey Association, Chair of the Graduate and Professional Concerns Committee of the Massachusetts Association and as a member of the Graduate and Professional Committee of the National Association. She was a member of the National Committee on Financial Aid of the Association of American Medical Colleges, Chair of the Northeast Committee on Financial Aid and Treasurer of the Northeast Group on Student Affairs. In addition, Ms. Cost has served on the Advisory Board of three student loan lenders.
Ms. Cost received a Bachelor of Arts in History from Goucher College in Towson, Maryland, and a Master of Education from Rutgers University in New Brunswick, New Jersey.
UMFK is a regional baccalaureate university within the University of Maine system. It is situated at the center of Acadian history and culture in rural, northern Maine.