Maine babies automatically get $500 in Alfond college scholarship money

Stefanie Botelho's picture
Friday, March 7, 2014

Though the intent of the program established by the late Dexter Shoe magnate Harold Alfond is to provide every Maine student with a college savings account, only 40 percent of eligible babies are enrolled.

In 2012, new mothers told the Bangor Daily News that one of the obstacles to enrolling in the program was the daunting amount of paperwork families had to fill out to open the Merrill Lynch account that was required to receive the money.

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