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DEAR SUN SPOTS: With all your resources available, could you find out if other states have a college fund such as our Alfond NextGen 529 Program here in Maine? I have a 4-month-old grandchild in Tennessee and would like to get her signed up for this fund.
Thank you for providing so much more information than we individuals could ever find. Kudos! — No name, no town
ANSWER: This writer is referring to Maine’s NextGen 529 Program where every baby born a Maine resident has a $500 Alfond Grant automatically invested for his or her future higher education expenses.
For those who need more information, Maine babies who have been awarded the Alfond Grant may use the grant to open a NextGen 529 account without the required initial contribution. If you open this account and make a contribution of $25 by Dec. 31, 2021, you’ll receive a $100 Initial Matching Grant. You can find more information at nextgenforme.com