Maurice M. Salter
Maurice M. Salter received his doctorate in higher education from the University of California, Los Angeles (UCLA). His areas of research and interest included the job market for doctoral degree recipients, the characteristics of college environments, how students choose colleges and how they finance their higher education. He received his undergraduate degree in English from UCLA and his master of arts in English from California State University, Los Angeles.
Dr. Salter worked at the Higher Education Research Institute at UCLA as a graduate fellowship student and participated in major research projects on college students, financing a college education and the job market for college graduates. He also was an English instructor at El Camino College. As director of grants and research at the University of California at Irvine, he conducted research projects and taught in the Graduate School of Administration. His research included projects on University of California dropouts and how California students selected their colleges. While at UC Irvine, he raised several million dollars of grant support from federal and foundation programs.
Dr. Salter is committed to the concept of applying research to the college selection and financial aid process. He founded Maurice M. Salter and Associates, which specialized in college advising for undergraduate, graduate and professional school admission, as well as financial aid. In addition, the company did extensive work in test preparation (e.g., SAT, ACT, GRE, ISEE) and in subject-area tutoring. Over the ensuing 15 years, Maurice M. Salter and Associates became the largest and most comprehensive college counseling company nationwide. The company was acquired in 1990. Dr. Salter continues to advise families throughout the United States and abroad on college admissions.
During the 1980s, Dr. Salter witnessed an explosion of college representatives visiting high schools and a simultaneous increase in the number of applications submitted. In response to the growing demands on students to sort through endless paper application materials, Dr. Salter co-founded the XAP Company.
XAP led the transition from paper to online applications, developing the first electronic college application in the late 1980s. Dr. Salter led XAP's growth to become the application provider to major college and university campuses and systems nationwide. In addition, XAP was the first company to integrate student loans into the college admission application. Dr. Salter's interests in XAP were acquired in 1996. The company today remains the market leader in the electronic processing of applications and application management.
In 1997, Dr. Salter founded School Loans Corporation (SLC), Inc. He served as the company's CEO and president from 1997-2007. SLC generated approximately $2 billion annually in federal and private student loans on behalf of itself and major lenders nationwide, including Bank of America. SLC provided turnkey services in technology, processing, fulfillment and funding of student loans, including the development and management of the Bank of America private student loan program.
To address the changing needs of postsecondary education finance, Dr. Salter founded Aladdin Two (A-2) DBA Loan America® in 2007 and serves as president and CEO. Loan America works with lenders, postsecondary institutions, associations, investors, foundations and organizations to develop innovative educational finance and enrollment opportunities and programs.
Dr. Salter serves as chair of the UCLA Foundation board of directors and its executive committee. The UCLA Foundation board of directors is the fiduciary for UCLA's more than $2 billion endowment. He has served as the chair of the UCLA Foundation's audit and nominations committees; as a member of the University of California Funding Strategies Workgroup; and on the advisory board for UCLA's School Management Program. Dr. Salter has served as a faculty resource for the Kaufman Foundation's Entrepreneurial Education Programs and for The Young Presidents Organization. He previously served on the board of Phoenix House, the nation's largest substance-abuse treatment program. He is a frequent lecturer on the subjects of college admission, financing a college education, structuring an education finance program and entrepreneurship.