A $500 Alfond Grant has been invested for every child born a Maine resident since January 1, 2013¹. The Alfond Grant is intended to be used for higher education. It’s a great head start on a bright future!
There are many things you can do to help your child get ready for their future education. Check out the tips and resources below.
Check out the activities and resources below to help your child prepare for higher education.
Saving for college is a good thing! Families with savings have many more options. And, it’s never too early to start.
Small amounts of savings add up over time – every little bit counts and can make a difference. Looking for money to save? Here are some ways to “find” money:
Set the stage for your child’s academic success & affording education after high school.
Talk with your kids about money. Parents are the first and most important teachers about the value of money, setting and goals.
Learn about early planning resources:
FAME offers NextGen 529- Maine’s Section 529 plan. Invest in your child’s future success by opening and making contributions to a NextGen 529 account.
The Alfond Scholarship Foundation is not an authorized distributor of NextGen 529.
¹ The Alfond Grant is not automatic in all circumstances and is also available in limited other circumstances. The use of the Alfond Grant is also subject to certain restrictions‐ see Guidelines.