Indiana State University Newsroom



Lessons in Learning: Stephen W. Clinton Scholarship established

February 20, 2009

Education is invaluable, especially to Stephen Clinton.

The 1975 Indiana State University graduate valued his campus experience as a Sycamore made possible by a community leader in his hometown.

The Indiana Secondary Market for Education Loans Inc. has established the Stephen W. Clinton Scholarship to benefit ISU students. Clinton served as chief executive officer of Indiana Secondary Market for seven years.

ISM is an Indianapolis-based not-for-profit organization that provides funds for student and parent education loans. Under Clinton's leadership, the organization grew from $200 million in assets to more than $1.5 billion and generated more than 120 new jobs.

"Steve was an integral part of ISM's success in the educational loan business. His dedication to higher education is evident through both his words and his actions," said Joseph Wood, President of ISM. "Steve understands the importance of financial assistance in earning a college degree; he is the epitome of the higher education learner."

As a first-generation college student from Kentland, Clinton would not have been able to earn his bachelor's degree in journalism without assistance from a mentor. The local Kentland bank president advised Clinton to go to college and even provided the financial assistance needed. It was this personal loan that made it possible for Clinton to attend ISU.

"If it wasn't for someone believing in me, I would not have gone to college. My time at Indiana State provided me the foundation to become who I am today and I want to provide students with the same opportunities that I received," said Clinton. "I am truly honored that ISM has honored me through the scholarship."

As a part of ISU's first comprehensive campaign, March On!, the scholarship will provide $5,000 in annual support to one full-time ISU student from Indiana. It is designed to assist deserving students with financial need and help provide the means for tehem to obtain a higher education degree.

"Steve is passionate about people having the opportunity to go to college. His professional experiences and his personal story show how dedicated he has been in this regard," said Gene Crume, president of the ISU Foundation.

Clinton received the ISU Distinguished Alumni Award in 2006 and continues to support the university through his establishment of two endowed scholarship and his service on the ISU Foundation Board of Directors. Clinton serves as the chair of the ISU President's Scholars Golf Committee. The tournament has generated more than $450,000 to augment student scholarships at the university.

"For ISM to recognize Steve with this scholarship is a perfect tribute, and it means a great deal to Indiana State," Crume said.

Photo
Steve Clinton, (center) Indiana State University alumnus with Bill Wozniak (left) of Indiana Secondary Market and Gene Crume (right), president of the Indiana State University Foundation

Contact: Kim Bloch, communications coordinator, Indiana State University Foundation, 812-237-8875 or kbloch@indstatefoundation.org

Story Highlights

The Indiana Secondary Market for Education Loans Inc. has established the Stephen W. Clinton Scholarship to benefit ISU students. An ISU alumnus who received help from a community leader to enable him to attend college, Clinton served as chief executive officer of Indiana Secondary Market for seven years.

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