April 24, 2018
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Harold Alfond scholarship program hits milestone in Caribou

The Associated Press

CARIBOU, Maine — A baby from Caribou has become the 10,000th Maine newborn to receive a $500 Harold Alfond College Challenge Grant.

Officials say Bentley Coyle is getting a head start on his college fund through the Alfond Scholarship Program, which was formed through the estate of the late Harold Alfond, founder of Dexter Shoe Co. Bentley was enrolled in the program this summer.

Since it went into effect in 2008, the program has contributed more than $5 million to NextGen college savings accounts to help families prepare early for the costs of higher education. Any baby born in Maine can receive a grant if they are signed up before their first birthday.

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