That's about the cost of 2 books. SWEET!

stupid.

xbattlewax: That's about the cost of 2 books. SWEET!

Calculate inflation, that will only be enough to cover a phamplet on Jewish Sports Legends by the time they go.

In other news: Maine tuition rates increase by $500.

I'm sure we can count on most parents to invest that fund on scratch-off lottery tickets -- probably during the drive home from the hospital.

printing presses rule

Mr. Coffee Nerves: I'm sure we can count on most parents to invest that fund on scratch-off lottery tickets -- probably during the drive home from the hospital.

Then that money's back in the state economy. But if parents put that money in a high-interest savings account, by the time the kidd is ready for college, there should be quite a lot of scratch for tuition, books, room/board, etc.

Compound interest.

PizzaJedi81: Mr. Coffee Nerves: I'm sure we can count on most parents to invest that fund on scratch-off lottery tickets -- probably during the drive home from the hospital.

Then that money's back in the state economy. But if parents put that money in a high-interest savings account, by the time the kidd is ready for college, there should be quite a lot of scratch for tuition, books, room/board, etc.

High Interest savings accounts dont exist anymore, remember?

Thunderpipes: Compound interest.

That's funny.



Well, at least they've got the 1st 12 hours covered.

IIRC, Ohio also provides a college scholarship program for residents, but they don't actually pay unless you make it to college.

Maine shows an 8% interest in childrens' futures?

c0rle0ne: PizzaJedi81: Mr. Coffee Nerves: I'm sure we can count on most parents to invest that fund on scratch-off lottery tickets -- probably during the drive home from the hospital.

Then that money's back in the state economy. But if parents put that money in a high-interest savings account, by the time the kidd is ready for college, there should be quite a lot of scratch for tuition, books, room/board, etc.

High Interest savings accounts dont exist anymore, remember?

[citation needed]

$500 wont even cover a semesters beer.

$500 compounding monthly for 18 years at 7% gives one a whopping $1,756.27.

Or so says the moneychimp calculator: http://www.moneychimp.com/calculator/compound_interest_calculator.htm

/this seems to be a very cunning plan

$500 might help, if you go to school down south or something.

This article could've been shorter. Besides, by the time this kid gets old enough for college, they'll be serving it as edible tablets.

/2 Foreign Studies, please
//Hold the Statistics

wallytacker: $500 might help, if you go to school down south or something.

Like in Mexico.

PizzaJedi81: Mr. Coffee Nerves: I'm sure we can count on most parents to invest that fund on scratch-off lottery tickets -- probably during the drive home from the hospital.

Then that money's back in the state economy. But if parents put that money in a high-interest savings account, by the time the kidd is ready for college, there should be quite a lot of scratch for tuition, books, room/board, etc.

And more then enough to make them exempt from any sort of grant or aid, but not enough to actually make up for that loss. This may all be part of maines plan.

$500 dollars stolen from the parents.
Why not just let people keep the money they earn?

/Politicians area plaque on humanity.

I bought all my books online from India and China. Paperback, but $20 for a $200 book. I'm fine with facilitating the lie that textbooks are actually expensive, but this is fark, so let's be honest.

Puke: $500 dollars stolen from the parents.
Why not just let people keep the money they earn?

/Politicians area plaque on humanity.

We should only tax the Jews.

wallytacker: $500 might help, if you go to school down south or something.

Or Europe, where in many countries university is either free or one year costs something like that. But those are evil socialist countries so they don't count.

DarthBrooks: In other news: Maine tuition rates increase by $5800.

FTFY

Puke: $500 dollars stolen from the parents.
Why not just let people keep the money they earn?

/Politicians area plaque on humanity.

or ?

Every state university will raise its tuition by $1,000 now.

Public funding for schools here has been cut. Good thing I'm almost done.

Ahhh Maine, Its not quite America, its not quite Canada, its Amanada.
God bless you you moose snorting, "Ayuh" saying brothers!
/Canadian

SwingingJohnson: wallytacker: $500 might help, if you go to school down south or something.

Like in Mexico.

Everyone knows Maine college graduates leave the state anyway.

So on behalf of other states, I say 'thank you' to Maine.

FTFA: It is estimated that in 18 years at 8 percent interest, a $500 grant, without any additional contribution, would grow to $2,000, according to the Finance Authority of Maine.

Yay! Enough money for the first 2 weeks of school (based on the cost of my 4 years; not adjusted for inflation)

Don't forget that $500 is probably actually $1000 taken from the taxpayers. The gov. workers and politicians "managing" the program have to skim their cut off the top.

Hopefully that money will be spent to teach them that it should be "toward," not "towards."

I came in here to point out a few things, but I see that my work was done for me.

/Foreign textbooks FTW.

Damn...missed it by just 2652 weeks.

waiting4godot: $500 compounding monthly for 18 years at 7% gives one a whopping $1,756.27.

Or so says the moneychimp calculator: http://www.moneychimp.com/calculator/compound_interest_calculator.htm

/this seems to be a very cunning plan

It is a start that hopefully convinces the parents to continue to save for their children's education. If they take that $500 and add $50 per month to it then they would have $23,417.95. $100 extra per month would give them $45,079.63.

Mr. Coffee Nerves: I'm sure we can count on most parents to invest that fund on scratch-off lottery tickets -- probably during the drive home from the hospital.

Or a few cases of Allen's in half gallons.

Westboro Faptist Church: waiting4godot: If they take that $500 and add $50 per month to it then they would have $23,417.95. $100 extra per month would give them $45,079.63.

Thats one year at Duke!
/I know, Duke sucks

... and making poor life decisions remains the best way to pay for college.

/ Getting married at 18 or having a kid.
// The latter might actual make you quite a bit of money beyond just paying for tuition, especially if you've got a family that will pitch in for a largish chunk of the costs of the kid and/or babysit often and for free.
/// Air force, Navy, Cost Guard, Army, Marines still possibilities, and should be considered in the listed order.

coco ebert: wallytacker: $500 might help, if you go to school down south or something.

Or Europe, where in many countries university is either free or one year costs something like that. But those are evil socialist countries so they don't count.

Yeah, free. I currently live in Finland (which is in Europe, in case anyone was wondering). We have "free" university and "free" health. And believe me, it costs me a friggin' fortune in taxes. Income taxes take almost half my salary, and they take 22% sales tax on most things I buy with what's left. Believe me, you DO NOT want a "free" anything when it involves government stealing from you to pay for it!!!

Wow, you guys are a bunch of pussies. At least the state has their children's future education on their agenda and are doing something about it.

DarthBrooks: In other news: Maine tuition rates increase by $500.

THIS

Hookers and blow?

Portugal. The Man: Wow, you guys are a bunch of pussies. At least the state has their children's future education on their agenda and are doing something about it.

Give credit where credit is due.

In order to coordinate his charitable giving, Harold, at the age of 36, organized the first private foundation in the state of Maine, the Harold Alfond Foundation. The foundation has contributed more than $100 million to charitable causes since 1950. He has donated money to various colleges to help improve their sports facilities; for example, the Alfond Arena at the University of Maine, and the Harold and Ted Alfond Sports Center at Rollins College.

In 2007, having lived with cancer for 17 years, Alfond donated $7 million to a cancer care center at MaineGeneral Medical Center in Augusta. The center is named the Harold Alfond Center for Cancer Care.[2]

Thanks to the Harold Alfond Foundation, starting in January 2008, all Maine newborns will be eligible for a USD 500.00 grant for college

I came for some inkling of gratitude, left disappointed.

xbattlewax: That's about the cost of 2 books. SWEET!

Two books?! What are they, those 10 page deals? Half a full text book is what that kind of money will get ya!

John Buck 41: Mr. Coffee Nerves: I'm sure we can count on most parents to invest that fund on scratch-off lottery tickets -- probably during the drive home from the hospital.

Or a few cases of Allen's in half gallons.

I chortled.

There is no headline from the state of Maine that can't be made funnier with an Allen's joke.

PizzaJedi81: Mr. Coffee Nerves: I'm sure we can count on most parents to invest that fund on scratch-off lottery tickets -- probably during the drive home from the hospital.

Then that money's back in the state economy. But if parents put that money in a high-interest savings account, by the time the kidd is ready for college, there should be quite a lot of scratch for tuition, books, room/board, etc.



According to TFA, that will be a whopping $2,000...Have fun in college kids!

/as its private money, I could care less.
//If it was state money, I would be going garrity.

Wow, everyone is so negative. It's $500 toward getting adults and kids to start thinking about education at an early age. And it's a great start.

Back when I was in school (early 90s) I had the Missouri 'Bright Flight' program money, which for the first 2 years covered more than tuition and books (It was cool being paid to go to school), and then the next 2 1/2 years it covered tuition.

But then I had to show I was smart enough to get it, or at least good at taking the ACT test.

/needs a ditch digger
//hot...hot...hot