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Higher education is more important than ever before.

The late philanthropist Harold Alfond wanted to encourage generations of Maine families and their children to pursue college or education beyond high school. As a result, he created the Harold Alfond College Challenge. It was his hope that families, communities and businesses would rise to the challenge of investing in the future educational aspirations of Maine’s children.

Mr. Alfond was the former owner of Dexter Shoe Company and created businesses in Maine with Maine people. His love for Maine and interest in sports and children led him to give millions of dollars to Maine people through education, sports programs and centers for children. Mr. Alfond believed that all children deserved the opportunity to achieve higher education and with that goal in mind he created this gift to help Maine families finance college education for their children. He believed that you could transform individual families and the State’s future prosperity by helping all Maine’s children aspire to higher education.

Click on one of these links for additional information about:

NextGen College Investing Plan®

The NextGen College Investing Plan is Maine’s Section 529 college savings plan. You can open a NextGen account for your child and also make contributions for future education expenses.

Learn more about Harold Alfond at haroldalfondfoundation.org.

Frequently Asked Questions about the Harold Alfond College Challenge

Contact Finance Authority of Maine (FAME) with any additional questions


Alfond Scholarship Foundation Board of Directors

Steven Aikin, ASF Chair
Joseph Foley, ASF Vice Chair
Colleen Quint, ASF President/CEO

Duke Albanese
Michael Bennett
Henry Bourgeois
Scott Bullock
Jon Fitzgerald
John Fitzsimmons
Katie Fullam Harris
Steven Michaud
James Page
Hon. Bruce Poliquin
Bruce Wagner
William Beardsley
William Williamson