Gov. John Baldacci was also at the University of Maine at Augusta on Thursday as a foundation started by the late Harold Alfond announced what’s believed to be the nation’s first statewide scholarship program of its kind. It started off a year ago on a limited basis.
Through the program, parents can use the $500 to start a college investment plan for their children. The program is administered through the Finance Authority of Maine.
It’s estimated that 14,000 babies will be born in Maine next year, and the Harold Alfond Challenge grant is prepared to make $500 savings nest eggs available to all of them.