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Maryland Manual, 1985-86
Volume 182, Page 373   View pdf image (33K)
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In accordance with the provisions of these Titles,
the Governor designated the Board of Public
Works as the State commission to administer the
various programs. In addition, the Governor creat-
ed in 1964 an Advisory Council to assist and make
recommendations to the Board of Public Works on
matters pertaining to these programs.

The Advisory Council processes applications
and recommends priorities for federal grants
among the eligible institutions. It disseminates
information and maintains liaison between the
colleges in Maryland, the State Commission, and
the U. S. Office of Education. The Department of
State Planning provides staff assistance to the
Advisory Council.

Members of the Advisory Council are appointed
by the Governor for indefinite terms.

MARYLAND HIGHER EDUCATION
LOAN CORPORATION

Chairperson: H. Palmer Hopkins, 1988
Vice-Chairperson: J. Joseph Curran, 1986

H. Grant Hathaway, 1986; William Phelps, 1986;
Mrs. Preston W. Barr, 1988; Matthew C. Fenton
III, 1988; William J. Brogan, 1990; Frank L.
Hewitt III, 1990; N. Page Worthington, 1990.

Ex officio: John S. Toll, President, University of
Maryland; Robert M. Taubman, Chairperson,
State Scholarship Board.

James A. Learner, Jr., Executive Director

2100 Guilford Ave.
Baltimore 21218 Telephone: 659-6555

The Maryland Higher Education Loan Corpora-
tion was created by Chapter 589, Acts of 1963. The
Corporation lends money or directly guarantees
loans made by approved lenders to State residents
who attend or plan to attend colleges or vocational,
trade, and technical schools. This aid may extend
to dependent undergraduate, graduate, or profes-
sional students; independent undergraduates; or
the parents of such students to help the students
meet their educational expenses. By Chapter 773,
Acts of 1984, displaced homemakers also may be
eligible for such aid. The Corporation may accept
gifts, bequests, and governmental appropriations or
grants for its purposes. The Corporation is also
empowered to establish rules and regulations for
the granting, administration, and repayment of
student loans.

Independent Agencies/S73

Program changes enacted by the 1966 and the
1967 sessions of the General Assembly enable the
Corporation to enter into agreements with the U.
S. Department of Education. By these agreements
the federal government provides repayable advance
funds to be added to the student loan reserve and
makes Maryland residents eligible to receive a
federal subsidy for part of the interest on their
loans.

The Corporation consists of eleven members.
With the advice and consent of the Senate, the
Governor appoints nine members for six-year
terms. Two members serve ex officio. The Gover-
nor designates the chairperson and vice-chair-
person (Code Education Article, secs. 18-1001
through 18-1014).

MARYLAND HIGHER EDUCATION
SUPPLEMENTAL LOAN AUTHORITY

J. Paul Melanson, Chairperson, 1985

Rhoda Dorsey, Ph.D., 1985; Leroy Keith, Jr.,
Ed.D., 1985; Anna A. Curry, 1986; Leslie L.
Lewis, Jr., 1986; C. Thomas McMillen, 1986;
Richelle Emerick, 1987; James Nolan, 1987;
Gerald H. Spivey, 1987.

Ex officio: Louis L. Goldstein, Comptroller of the
Treasury; William S. James, State Treasurer.

T. Eloise Foster, Executive Director

100 West Cold Spring Lane, Suite T-2W
Baltimore 21210 Telephone: 435-0922

The Maryland Higher Education Supplemental
Loan Authority was created in 1982 (Chapter 488,
Acts of 1982). The Authority issues tax exempt
revenue bonds, notes, or other evidences of indebt-
edness, on behalf of participating colleges and
universities, which use the proceeds for student
loans. The Authority is self-supporting and does
not receive an appropriation of State funds.

The Authority consists of eleven members. Nine
are appointed by the Governor and two serve ex
officio. Of the appointed members, two are trust-
ees, directors, officers, or employees of institutions
of higher education, at least one of whom is from
an institution not owned or operated by the State
or any of its political subdivisions. Two members
are experienced in State and municipal finance, one
in higher education finance, and two in student
financial aid. Two members are appointed from the
public at large. Members serve three-year terms.
The Authority appoints the Executive Director
(Code Education Article, secs. 18-1301 through
18-1319).

 



 
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Maryland Manual, 1985-86
Volume 182, Page 373   View pdf image (33K)
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