Caron receives state foundation scholarship

FORT KENT, Maine — The trustees of the Maine Higher Education Assistance Foundation (MeHEAF) have awarded a scholarship for $1,000 to Steffany Caron of Fort Kent.  

Caron is a junior business management major at the University of Maine at Fort Kent, where she maintains a high grade-point average.

Caron is a 2015 graduate of Community High School in Fort Kent. She has worked at Rock’s Family Diner in Fort Kent since 2013.

Chris Pinkham, president of the Maine Bankers Association, presented the scholarship during a recent luncheon ceremony at UMFK’s Nowland Hall faculty dining room with members of UMFK’s Professional Management Division faculty, administrators and Caron’s family in attendance.

MeHEAF has given 30 scholarships to UMFK students to date. UMFK also has a plaque with each students’ name and year awarded, which the University displays in the Grindle Conference Room, located in Cyr Hall.

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

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.

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