ORONO, Maine — University of Maine student Rachel Binder-Hathaway has been awarded the $10,000 Pearson Prize for Higher Education.
The award, given by the Pearson Foundation, recognizes exemplary students who are distinguishing themselves through commitment to community service while completing undergraduate studies.
Binder-Hathaway is studying for a dual degree in financial economics and business administration from UM, where she is a member of the Honors College and was awarded numerous accolades.
She holds a certificate in fundamentals of microfinance from the United Nations Institute for Training & Research. A single mother dedicated to volunteerism, she co-founded Seeds of Change, a nonprofit organization that supports at-risk street children and women, and she participated in Grameen Bank’s immersion program on microfinance.
In 2012 she will move to Bangladesh as a Fulbright fellow to continue microfinance and poverty alleviation research and volunteer efforts.
The Pearson Prize aligns with the Pearson Foundation’s commitment to students, lifelong learning, community service and leadership, and was created to address the financial challenges that many students face while pursuing academic goals.
Students, including Binder-Hathaway, who were selected after the preliminary application process were each invited to create a personal video documenting their achievements.