|
516 /Independent Agencies
STATE SCHOLARSHIP ADMINISTRATION
Janice Breslin Doyle, Director
16 Francis St.
Annapolis, MD 21401 (410) 974-2462
The State Scholarship Administration began in
1961 as the State Scholarship Board (Chapter 412,
Acts of 1961). The Board was reorganized in 1988 as
the State Scholarship Administration under the Mary-
land Higher Education Commission (Chapter 246,
Acts of 1988). The Administration is responsible for all
State student financial aid programs, except the Guar-
anteed Student Loan Program, which is administered
by the Maryland Higher Education Loan Corporation.
MARYLAND HIGHER EDUCATION
LOAN CORPORATION
David Manning, Executive Director
2100 Guilford Ave.
Baltimore, MD 21218 (410) 333-6555
BUDGET (CODE 36.10.00)
............... FY1992 ............... FY1993 ............... FY1994
Funds ............ (actual) ............ (actual) ............ (approp.)
Special ....... $3,656,335 . . . $3,635,410. .... $4,452,934
Total Funds . . . $3,656,335 . . . $3,635,410. .... $4,452,934
Staff
Authorized. .......... 11 .......... 11............ 11
Contractual (FTE) ......0 ........... 0.............0
Total Staff ........... 11 .......... 11............ 11
MANDATED REPORTS
Annual Report to Governor, General Assembly, State
Bank Commissioner, & Maryland Higher
Education Commission due at end of fiscal year.
ORGANIZATIONAL STRUCTURE
MARYLAND HIGHER EDUCATION LOAN
CORPORATION
BOARD OF DIRECTORS
Charles B, Saunders, Jr., Chairperson, 2000
Marge Stanley, Vice-Chairperson, 1998
Appointed by Governor (who names chair & vice-chair) with
Senate advice & consent: June E. Streckfus, 1996; Kathryn
C. Turner, 1996; Margie B. Warres, 1996; William S.
Phelps, 1998; Larry D. Unger, 1998; J. Glenn Beall, Jr.,
2000; Richard P. Streett, Jr., V.M.D., 2000.
Ex officio: Ronald A. Phipps, Ed.D., designee of Secretary
of Higher Education; Janice Breslin Doyle, Director, State
Scholarship Administration; Joseph Brandon, designee of
Chancellor, University of Maryland System.
EXECUTIVE DIRECTOR
David Manning ............... (410) 333-6555
OPERATIONS
Judith A. Maynor, Director . (410) 333-6555
PUBLIC RELATIONS
Harry E. Knapp, Director . . (410) 333-6555
The Maryland Higher Education Loan Corpora-
tion was created in 1963 (Chapter 589, Acts of 1963).
The Corporation lends money or directly guarantees
|
Maryland Manual 1994-1995
loans made by approved lenders to State residents
who attend or plan to attend colleges or vocational,
trade and technical schools. Aid may extend to
dependent undergraduate, graduate or professional
students; independent undergraduates; or the par-
ents of such students to help meet students' educa-
tional expenses. Eligible displaced homemakers also
may receive such aid (Chapter 773, Acts of 1984).
The Corporation establishes the rules and regula-
tions by which student loans are granted, adminis-
tered, and repaid. It also may accept gifts, bequests,
and governmental appropriations or grants for its
purposes. In addition, the Corporation may enter into
agreements with the U.S. Department of Education
by which the federal government provides repayable
advance funds to be added to the student loan reserve.
Such agreements also may make Maryland residents
eligible to receive a federal subsidy for part of the
interest on their loans.
The Corporation is subject to the supervision
and examination of the State Bank Commissioner.
The Corporation's Board of Directors has twelve
members. With Senate advice and consent, the Gov-
ernor appoints nine members for six-year terms. Three
members serve ex officio. The Governor designates the
chairperson and vice-chairperson (Code Education
Article, secs. 18-1001 through 18-1014).
MARYLAND HOUSING RESOURCE
CORPORATION
BOARD OF DIRECTORS
Alice G. Pinderhughes, Esq., Chairperson, 1995
Appointed by Governor: Thomas A. Cardaci, 1989;
Mimi Selig, 1991; John G. Brandenburg, 1993;
Mark H. Friedman, 1993; James E. Matthews,
1993; Duane E. Yoder, 1994; Evelyn T. Beasley,
1995; Ronald L. Leonard, 1995; Bernard L.
Tetrault, 1995; one vacancy.
Ex officio: Jacqueline H. Rogers, Secretary of
Housing & Community Development
330 North Charles St., Suite 304
Baltimore, MD 21201 (410) 625-0100
The Maryland Housing Resource Corporation
originated in 1985 as the Rental Housing Resource
Corporation, a nongovernmental entity established
to stimulate the construction and rehabilitation of
low-income rental housing in the State (Chapter
732, Acts of 1985). The Corporation received its
present name in 1987 (Chapter 309, Acts of 1987).
The Corporation operates a special fund that con-
sists of interest money earned on trust accounts
held by real estate licensees or on escrow accounts
held by vendors or builders of new houses, and
grants, donations, and federal funds. The Corpora-
tion is exempt from State and local taxes.
|
