Thursday, May 19, 2011

$100 College fund for babies

Children FIRST is a program to help people start a college fund for their babies. It is open to every baby born in North Dakota on or after January 1, 2011. The plan administrator and state-owned Bank of North Dakota will contribute $100 for the baby which is earmarked for his or her higher education fund.

Anyone can apply for a Children FIRST Grant for a North Dakota newborn - including parents, grandparents, aunts/uncles, or friends. (Only one grant is allowed per child.)

To get $100 for a little one's college fund. Here's how:
1. Complete the short Children FIRST Enrollment Form.

2. Bank of North Dakota will make a $100 contribution for the baby.

3. Open a College SAVE account and contribute at least $100 within the next four years. The Children FIRST contribution will be added to your College SAVE account for the child's future education.

4. Continue to add to the College SAVE account for the child's future higher education costs at the pace that's right for you.

Click here to apply.

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