The trustees of the Higher Education Assistance Foundation (HEAF) are pleased to announce the awarding of a scholarship in the amount of $1,000 to Megan Bradley, a native of Easton majoring in Business Administration with a concentration in accounting. She is a graduate of Easton High School.

MeHEAF student scholarship recipients must be Maine high school graduates majoring in a business related area in their second, third, or fourth year, and be in good academic standing. Previous recent scholarship recipients from the University of Maine at Presque Isle include Benjamin Rosser in 2011, Laura Schools in 2010, Lance Masse in 2009, Tory Bradbury in 2008; Katie McNally in 2007; Jessica White in 2006; and Linda Gover in 2005.

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 HEAF 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, and 16 scholarships are awarded annually to students in high academic standing who attended Maine high schools and who are currently pursuing business-related studies.

Since 1990, a total of $282,000 in scholarships has been awarded. Colleges receiving HEAF grants each year are: Husson University, five campuses of the 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 Orono, University of Maine at Presque Isle, University of New England and University of Southern Maine.