A former federal education official will take over as president and CEO of Indianapolis-based higher-ed group USA Funds on July 1, replacing current chief executive Carl C. Dalstrom, who led the group for more than a decade.
William D. Hansen, 53, served as Deputy U.S. Secretary of Education from 2001 to 2003, acting as the department’s chief operating officer and managing a $100 billion annual budget. He played a key role in developing and implementing the No Child Left Behind Act, according to a release from USA Funds.
USA Funds is a not-for-profit organization dedicated to helping students enter college and earn their degrees. In addition to programs that help prevent student loan defaults and provide financial assistance and Iiteracy training, it oversees student loans for the U.S. Education Department, which began its lending program in 1965.
Dalstrom, 63, has led the not-for-profit since July 2000. He announced his pending retirement in August 2012, leading to a national search for his successor. At the time, USA Funds said that during Dalstrom’s tenure, the group had guaranteed more than $184 billion in student-loan financing.
Hansen has more than 30 years of experience in K-12 and higher education, including 12 years in public service and 20 years in the corporate and not-for-profit sectors, according to USA Funds.
He currently serves as chairman and CEO of Madison Education Group, a Washington, D.C.-based consulting firm. He also is president of Policy Impact Communications, a public relations and government affairs firm also based in Washington, D.C.