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R.I. showering babies with cash for their 529s

The state will deposit $100 in a 529 account for any baby born after July 1, to encourage families to start saving for college.

The Rhode Island Higher Education Assistance Authority is giving families an incentive to start saving for their children's college education.

The state will deposit $100 in a Section 529 account for any baby born after July 1, said Patricia Roberts, senior 529 product manager with AllianceBernstei

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