It’s about your child’s future success.
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.
Tips and Resources
Check out the activities and resources below to help your child prepare for higher education.
Fun activities to do with your kids
Here are some cool games, activities, and conversation starters:
- Cash and Max Use these coloring books to begin teaching your child about careers, education, and money.
- Try this money sorting activity with your kids.
Save 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:
- Use this calculator to see how much money you’ll need for college, whether you’re on track to save enough, and what you need to do to reach your goal.
- Wondering if savings has an impact on future financial aid eligibility? Check out the facts here.
- Learn more about investing for higher education. FAME offers NextGen 529 – Maine’s section 529 plan which many families use to plan for higher education expenses. And there are matching grants for Maine residents!
Preparing to afford higher education
Set the stage for your child’s academic success & affording education after high school.
Learn about early planning resources:
- Make a plan for your child’s future success at MyAlfondGrant.org.
- Start preparing early! Find resources at FAME-Education.
Open a NextGen 529™ account
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.
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