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Corman Reappointed to PHEAA Board of Directors
HARRISBURG -- Sen.
Jake Corman (R-34) has again been appointed a member of the Board of Directors
of the Pennsylvania Higher Education Assistance Agency (PHEAA) by the President
Pro Tempore of the state senate, Senator Robert C. Jubelirer.
PHEAA guarantees federal
student loans, issues state aid, and administers work-study and loan forgiveness
programs to make higher education affordable for as many Pennsylvania residents
as possible.
Commenting on his
appointment, Corman said, “Serving on the PHEAA Board is a welcome challenge and
also an opportunity to help make college affordable for many people and also
reward people for service to their county. I’m particularly proud of the Armed
Forces Loan Forgiveness Program that we instituted that has helped more than
4,600 servicemen and women since we created it.”
The 20-member board of
directors serves as PHEAA’s governing body. The panel includes the state
Secretary of Education, three members appointed by the governor, eight state
senators and eight state representatives.
“I am honored to again be
appointed to serve on the PHEAA board,” Corman said. “Now more than ever, as
college costs continue to increase, students need access to financial aid. I
look forward to the challenge of guiding PHEAA as we work to make post-secondary
education affordable for every state resident.”
Corman added that PHEAA
manages more than $56 billion in total assets and serves millions of students
and thousands of schools nationally through its state grant, guaranty,
servicing, and financial aid processing systems.
“PHEAA is a model agency, and
I will do my part to make sure it remains the best educational financial
assistance agency in the country,” Corman said.
Corman’s new term runs until
June 30, 2011. He currently serves on the board’s Committee on Need Analysis
and Aid Coordination and the board’s Committee on Appeals.
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