It wasn't all bad
Thanks to the late Harold Alfond, children born in Maine are now eligible for a $500 college tuition grant. Before he died last month at age 93, Alfond, founder of the Dexter Shoe Co., created an unusual education endowment. For every child born in Maine, $500 will be made available to parents who open a special account, to which they can also contribute. If the money is not eventually used for higher education, the $500, plus the interest it has accrued, must be returned. “I always like helping others,” Alfond, who never attended college, once said, “making sure everybody, especially children, have a chance in this world.”
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