*



Press Archive


NEWS RELEASE

November 1, 2011

Contact Information:
Clark Wold, EAC/EASCI - (605) 622-4385

The South Dakota Education Access Foundation Helps Students Achieve College Dreams

Thousands of students in South Dakota are receiving the help they need to prepare and pay for college, thanks to support from the South Dakota Education Access Foundation (SDEAF).

SDEAF has provided a generous grant that is allowing Great Lakes Higher Education Corporation to offer college access advising services to all South Dakota high schools, free of charge. These services will include in-school presentations, online webinars, and supporting materials, all designed to give high school students and their families the information and tools to plan and prepare for college. Services will also be provided to assist high school counselors in helping South Dakota students gain access to higher education.

SDEAF is also in its third year of providing grant dollars to colleges, who in turn identify and provide scholarships to deserving students with the most financial need. By the end of the 2011-2012 academic year, over 7,130 students will have received an average of $735 each to help them to achieve their college and career goals.

Additionally, for the second year, SDEAF is contributing a significant portion of funding to help continue to give students, families, and schools free access to SDMyLife.com. This resource-rich website provides assistance to students at they prepare for college, the ACT, financial aid and scholarships, and careers.

Through these efforts, SDEAF hopes that every student in South Dakota who dreams of a college education will have access to the resources and tools to help make that possible.

SDEAF was formed in February 2009, through a donation from Great Lakes as a result of the affiliation with Education Assistance Corporation.

NEWS RELEASE

May 28, 2009

Contact Information:
Clark Wold, EAC/EASCI - (605) 622-4385

South Dakota Schools Celebrate as $1.6 Million Made Available to Students

South Dakota Education Access Foundation Announces New Grant Program

South Dakota colleges, universities and technical institutes have a new reason to celebrate - as do their students. The South Dakota Education Access Foundation (SDEAF) just announced that all post-secondary schools in the state will share $1.6 million in grant funds to be made available to their students for the 2009-2010 academic year.

This allocation of funds by the recently created SDEAF is being made available to support its mission of providing financial support to low income students, students facing other barriers to postsecondary education, and students from other underrepresented backgrounds. As part of its continued philanthropy, the Foundation will spend 5% of its market value each year on student grants and supporting access to postsecondary education. The Foundation's current value is $33 million, thanks to a donation from Great Lakes Higher Education Corporation as a result of the recent affiliation of Education Assistance Corporation and Great Lakes.

The SDEAF Grant Program is uniquely designed to provide school financial aid administrators flexibility in choosing the recipients of SDEAF Grants who most closely meet the Foundation's mission statement. According to Clark Wold, President of Education Assistance Corporation, "The good that the program can do to help a student who might otherwise be unable to make the dream of college a reality may be transformational."

For more information about the South Dakota Education Access Foundation, contact Clark Wold at (605) 225-6423, ext 3001.

About SDEAF

The mission of South Dakota Education Access Foundation (SDEAF) is to expand access to postsecondary education. SDEAF seeks to serve South Dakota students and South Dakota postsecondary institutions by promoting improvement in the rates of entry and success in education beyond high school. SDEAF will accomplish this mission by focusing on, though not limiting itself to students of low income, students facing other barriers to postsecondary education, and students from other underrepresented backgrounds.

South Dakota Education Access Foundation
115 1st Avenue SW
Aberdeen, SD 57401

NEWS RELEASE

For Immediate Release
February 4, 2009

Contact Information:
Clark Wold, EAC/EASCI - (605) 622-4385
Richard D. George, GLHEC - (608) 246-1408

EAC - Great Lakes Affiliate

Today, Education Assistance Corporation (EAC), Aberdeen, South Dakota, and Great Lakes Higher Education Corporation (Great Lakes), Madison, Wisconsin, announced the affiliation of their companies. Both companies are private non-profit entities that are significant and well respected participants in the Federal Family Education Loan Program (FFEL).

According to Clark Wold, President of EAC, "For the last 30 years, EAC has been known for the outstanding service it provides to students, families, financial aid administrators, lenders, and school counselors. After considerable research and analysis, we have concluded that the best way to continue this outstanding service is to partner with Great Lakes. Great Lakes' values are remarkably consistent with EAC's - particularly regarding the importance of quality customer service - and Great Lakes has the scale to provide the technology and infrastructure required to ensure that the needs of our constituencies are appropriately met..."

Under the transaction, Great Lakes will acquire EAC's Aberdeen facilities and intends, over time, to integrate its employees and operations as an integral part of Great Lakes' existing operating center construct. According to Wold, "We are thrilled with the expectation that we will be able to continue to serve our customers and to provide them an enhanced set of products and services that will be enabled by this affiliation."

Richard George, President and CEO of Great Lakes shared Wold's enthusiasm about the affiliation stating, "Great Lakes is honored to have EAC join as the newest member of its affiliated group. EAC has developed the well deserved respect of both its customers and the FFEL industry at large. The remarkably consistent quality customer service focus of both organizations will clearly pay dividends for borrowers, schools and lenders as we move forward together."

About EAC

EAC, a private nonprofit corporation located in Aberdeen, South Dakota, is dedicated to providing financial access to post-secondary education through a service-oriented approach to students, parents, schools, and lenders. EAC is a guarantor in the FFEL Program, provides financial aid information, and offers student loan servicing through its subsidiary, EASCI.

About Great Lakes

Great Lakes Higher Education Corporation and Affiliates works with schools, lenders, and community organizations to change lives for the better through higher education. Great Lakes supports these partners with financial, educational, and operational resources that help students and families pay for college and build bright futures. As a leading guarantor, originator, and servicer of student loans for over forty years, Great Lakes serves more than 2,700 schools and 1,400 lenders across the nation. One of the nation's largest integrated providers of student loan services, Great Lakes services student loans for more than two million borrowers and holds guarantees on more than $47 billion in FFELP loans. Great Lakes serves as the designated guarantor for Minnesota, Ohio, Wisconsin, Puerto Rico, and the U.S. Virgin Islands under the Higher Education Act. Great Lakes is headquartered in Madison, Wisconsin, with operating centers in Ohio, Minnesota, and Wisconsin. For additional information, visit mygreatlakes.org.

NEWS RELEASE

For Immediate Release
February 4, 2009

Contact Information:
Clark Wold, EAC/EASCI - (605) 622-4385
Richard D. George, GLHEC - (608) 246-1408

South Dakota Education Access Foundation

Clark Wold, President of Education Assistance Corporation, today announced the forming of the South Dakota Education Access Foundation. The Foundation was created to receive a contribution in excess of $30M, representing a combination of existing EAC assets and future value. The contribution is made as a result of the affiliation of EAC with Great Lakes Higher Education Corporation.

The new foundation will promote access to postsecondary education, and will serve South Dakota students and South Dakota postsecondary institutions by promoting improvement in the rates of entry and success in education beyond high school. Wold said that the emphasis of the Foundation will be on serving low income students, students facing other barriers to postsecondary education, and students from other underrepresented backgrounds.

"SDEAF will carry out its mission by making grants to students and to educational institutions for awarding to students," said Wold. "The Foundation may also make grants to other non-profit agencies that support access to postsecondary education."

It is the goal of the Foundation to implement its programs prior to the 09-10 academic year.

About SDEAF

The mission of South Dakota Education Access Foundation (SDEAF) is to expand access to postsecondary education. SDEAF seeks to serve South Dakota students and South Dakota postsecondary institutions by promoting improvement in the rates of entry and success in education beyond high school. SDEAF will accomplish this mission by focusing on, though not limiting itself to students of low income, students facing other barriers to postsecondary education, and students from other underrepresented backgrounds.

About EAC

EAC, a private nonprofit corporation located in Aberdeen, South Dakota, is dedicated to providing financial access to post-secondary education through a service-oriented approach to students, parents, schools, and lenders. EAC is a guarantor in the FFEL Program, provides financial aid information, and offers student loan servicing through its subsidiary, EASCI.

About Great Lakes

Great Lakes Higher Education Corporation and Affiliates works with schools, lenders, and community organizations to change lives for the better through higher education. Great Lakes supports these partners with financial, educational, and operational resources that help students and families pay for college and build bright futures. As a leading guarantor, originator, and servicer of student loans for over forty years, Great Lakes serves more than 2,700 schools and 1,400 lenders across the nation. One of the nation's largest integrated providers of student loan services, Great Lakes services student loans for more than two million borrowers and holds guarantees on more than $47 billion in FFELP loans. Great Lakes serves as the designated guarantor for Minnesota, Ohio, Wisconsin, Puerto Rico, and the U.S. Virgin Islands under the Higher Education Act. Great Lakes is headquartered in Madison, Wisconsin, with operating centers in Ohio, Minnesota, and Wisconsin. For additional information, visit mygreatlakes.org.



Helpful Links

Paula Carlson | President, SDEAF
115 First Avenue SW Aberdeen, SD 57401 | pcarlson@glhec.org
phone 1.888.502.5902 ext 3035 | fax 800.354.7070
© 2017 South Dakota Education Access Foundation
Website Developed By Robert Sharp & Associates