Margaret Clancy, Terry Lassar
Maine’s Harold Alfond College Challenge offers $500 to every newborn in the state. As the first U.S. example of a statewide Child Development Account, the Alfond Challenge provides an opportunity to learn from Maine’s experience with 529 college savings plan accounts at birth. A relatively recent program, the Alfond Challenge is evolving still. This Center for Social Development policy brief provides an overview of the Alfond Challenge, examines administrative and enrollment challenges, and offers recommendations and policy directions.
View the policy brief here.
