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Old 12-11-2007, 06:12 PM
 
Location: Tennessee/Michigan
27,996 posts, read 46,366,300 times
Reputation: 19398

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AUGUSTA, Maine - Every child born in Maine will be eligible for a $500 college savings nest egg, thanks to the generosity of a shoe company founder who never attended college himself.

Maine newborns to get $500 for college - Yahoo! News (broken link)
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Old 12-11-2007, 06:30 PM
 
Location: God's Country, Maine
2,052 posts, read 3,974,482 times
Reputation: 1295
Please do not tell the State of Maine! Right now, a newborn is entitles to $50 from the State in a Nextgen account, as I recall. Soon they will want to up the ante for their Entitlement State, not to mention a huge social security database for newborns! As far as I know, a Nextgen in Maine can not be transfered to an out of state college.
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Old 12-11-2007, 06:43 PM
 
Location: Maine
5,969 posts, read 11,134,540 times
Reputation: 5240
Mr. Alfond was generous beyond belief.
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Old 12-11-2007, 07:12 PM
 
Location: Forests of Maine
29,722 posts, read 47,495,927 times
Reputation: 17572
Neat


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Old 12-12-2007, 05:43 AM
 
874 posts, read 1,634,775 times
Reputation: 730
This made CNN news. What an amazing gift!
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Old 12-12-2007, 08:28 AM
 
Location: West Michigan
12,084 posts, read 33,141,404 times
Reputation: 16733
very nice thing! That guy truly thought about giving back. What better way than education.
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Old 12-12-2007, 08:36 AM
 
Location: South Portland, Maine
2,356 posts, read 4,936,961 times
Reputation: 1511
That's excellant...especially if the parent(s) keep up the tradition after the account is open.
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Old 12-12-2007, 09:24 AM
 
62 posts, read 259,055 times
Reputation: 28
wow, what a fantastic thing to do.
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