Press Release

THE SALLIE MAE FUND CONTRIBUTES $35,000 TO THE IMAGINE AMERICA PROMISE SCHOLARSHIP PROGRAM

Washington, D.C. (September 21, 2006) — The Imagine America Foundation (IAF), is pleased to announce the receipt of a $35,000 grant from The Sallie Mae Fund to support the Imagine America Promise scholarship program. This grant will make $1,000 scholarships available to thirty-five students who attend participating career colleges. Eligible students are previous recipients of the Foundation’s Imagine America high school scholarship who have maintained a minimum 3.5 grade point average and at least a 95 percent attendance record.

"To date, 375 students have received this award. Imagine America Promise is the fulfillment of our promise to help students maintain educational excellence in their career education," said Bob Martin, president of IAF. "We are grateful to The Sallie Mae Fund for their support of this program."

The Sallie Mae Fund has been a supporter of the Imagine America Promise programs since 2004, and plans to continue support in 2007. The Imagine America Promise scholarship program was created in 2002 and is one of four scholarship and award programs offered by IAF.

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The Imagine America Foundation (IAF), established in 1982, is a not-for-profit organization dedicated to providing scholarship, research and training support for the career college sector. Since its inception, the Foundation has provided over $37 million in scholarship and award support for graduating high school seniors, adult learners and U.S. military veterans attending career colleges nationwide through its award-winning Imagine America® programs. The Foundation also publishes vital research publications for the higher education sector, honors achievement in career education and offers faculty development. For more information about the Imagine America Foundation’s programs, please visit www.imagine-america.org..