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Dr. Joe L. McCormick is the former Executive Director of the Kentucky Higher Education Assistance Authority (KHEAA) and Kentucky Higher Education Student Loan Corporation (KHESLC). Dr. McCormick served as the Executive Director from October 1, 2001 to March 31, 2006. KHEAA is the agency of Kentucky State Government that administers several student aid programs—grants, scholarships, work-study, savings, and Federal Family Education Loans—to help families meet higher education expenses. KHESLC is an independent de jure municipal corporation and political subdivision of the Commonwealth that finances, makes, and purchases Federal Family Education Loans and provides annual financial support to KHEAA.
Dr. McCormick is a graduate of the Leadership Kentucky Class of 2004, served on Kentucky’s Cradle to College Commission and P-16 Council, and is currently on the Board of Directors of the National College Access Network (NCAN) as Treasurer.
Prior to joining KHEAA and KHESLC, Dr. McCormick served as Vice President for National Affairs for the Apollo Group and as a member of the University of Phoenix Online teaching faculty. During that time, he served as the University of Phoenix liaison with the U.S. Department of Education, higher education associations, and other higher education entities in the Washington, D.C., area.
From 1995 to 1999, Dr. McCormick served as Chair of the Direct Loan Task Force within the U.S. Department of Education. In this position, he oversaw activities of the William D. Ford Federal Direct Loan Program, which issues over $10 billion in student loans annually, services a student loan portfolio of over 3 million borrowers, and manages a loan consolidation process that consolidated over $2 billion in FY1998.
Dr. McCormick served as Executive Director of the Alaska Commission on Postsecondary Education from 1993 to 1995. In this capacity, he administered all state programs of student financial aid, regulated proprietary schools, oversaw the issuance of tax-exempt bonds for Alaska Student Loans, and promoted postsecondary education opportunities for Alaskans.
From 1980 to 1992, Dr. McCormick was President and CEO of the Texas Guaranteed Student Loan Corporation where he led the organization to a growth of $4 billion and secured its position among the top five guarantee agencies in the country.
From 1987 to 1994, Dr. McCormick was a charter member and Vice Chairman of the Advisory Committee on Student Financial Assistance, a Congressionally-mandated committee providing advice and counsel to the U.S Congress and the Secretary of Education regarding federal financial aid policy.
Dr. McCormick served as 1977–1978 President of the National Association of Student Financial Aid Administrators and 1986–1987 President of NCHELP. Dr. McCormick is a native of Texas and holds a doctorate in educational administration from the University of Texas at Austin. In addition to Connie, his wife of over 22 years, Dr. McCormick has three daughters, seven grandchildren, and three dogs.
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