NextGen Advantages

Matching Grants are available to eligible Maine residents. Click here for more information.

Anyone can open a NextGen account, regardless of income, residency, or the age of the beneficiary.

Earnings grow federal and Maine income tax exempt when used for qualified higher education expenses.

Assets can be used at most U.S. accredited post-secondary institutions, including graduate schools and trade schools.

Flexible and affordable contribution minimums, with convenient automated funding options, including payroll deduction.

Account owner retains control over the use of the assets, and can change the beneficiary at any time.

Account Maintenance Fee waived if either the account owner or beneficiary is a Maine resident.

See Program Highlights for more information.