Sarbanes/Marudas Scholarship Established; Jersey City Native Is First Recipient

Sen. Paul Sarbanes
Washington, DC, October 20 -- The Board of Trustees of the American College of Greece hosted a dinner in Washington, DC, last evening to acquaint the Washington community with the 125-year old institution located in Athens, Greece. College President, John Bailey, the Chairman of the Board, George Bapis, Vice Chairman Emanuel Rouvelas, Chairman Emeritus Tom Korologos, and members of the Board of Trustees and of the college administration welcomed special guests including United States Senator and Mrs. Paul Sarbanes (D-Md), His Excellency Ambassador Alexander and Mrs. Philon of the Embassy of Greece and Her Excellency Ambassador Erato Kozakou-Marcoullis of the Embassy of Cyprus.

At the dinner President Bailey announced the establishment by Marilyn and Emanuel Rouvelas of the Sarbanes/Marudas Scholarship in honor of Senator Paul Sarbanes and Peter Marudas, retired Chief of Staff for Senator Sarbanes. The first recipient is Despina Tsalavoutis, of Jersey City, New Jersey, who moved to Greece several years ago. Upon the announcement, Senator Sarbanes, who had been given an honorary degree from the college in 1984, remarked, "I consider the American College of Greece one of the best institutions of higher learning in all of Europe and certainly an extraordinary asset to Greece. I am proud to be honored in this way, knowing this scholarship will benefit the young people of Greece." The College has inaugurated four-year scholarships for promising and needy students. Donors may establish scholarships for such regions as Crete, the Aegean or other area of choice or to honor or memorialize friends and loved ones.

Deree College
The American College of Greece, comprised of Pierce College, Junior College and Deree College, is the oldest and largest independent, American-sponsored school in Europe and currently enrolls more than 8000 students. Classes are taught in English at the post-secondary level. Founded in 1875 by American Christian missionaries as a school for girls in Smyrna (Izmir), Asia Minor, the College was forced to relocate to Athens in 1923. It evolved into a high school and lyceum for boys and girls named Pierce College. Deree College a liberal arts college accredited by the New England Association of Schools and Colleges began awarding baccalaureate degrees in 1969. In 1994, the Junior College, was established as a two-year program offering associate degrees. The College has the lowest tuition of any American-sponsored institution of higher education abroad, and financial aid is available for all those in need. Almost 20,000 alumni reside in 39 countries, and are a visible force in business, the arts, and the professions. For further information visit