CA$H Maine

Creating Assets, Savings & Hope

« Back to News

Maine on Top of Children’s Savings Acounts

Written by Amy Scholl | Published on March 3, 2016
Mother and son on Maine coast

A recent article published in the State Legislatures Magazine highlights Children’s Savings Account (CSA) programs for college in the United States. Maine was the first state in the nation to launch a statewide universal CSA program in 2008. The state is credited with one of the most generous programs available, which includes a $500 grant for newborns through the Harold Alfond College Challenge and additional matching options if they open a NextGen College Investing Plan. The full article shares information on what other states have available or what other states are working on implementing. For more information about CSA’s you can contact the Finance Authority of Maine (FAME) and to learn about available matched grants.