September is College Savings Month
Governor John E. Baldacci declared September as College Savings Month in Maine and presented the proclamation to Beth Bordowitz, CEO of the Finance Authority of Maine, during a ceremony at the State House on September 16, 2009. “As you know, September is back to school and it is also time to take action on college savings,” Baldacci said. “With NextGen firmly established and ever-evolving over the past 10 years, our citizens have the best opportunity and a firm foundation to help pay for their college education. Being able to save for college tuition now can be a big help later in life.” Click here for more information.
The FAME Board of Directors approved broadening the maximum family adjusted gross income eligibility range to receive a NextGen Matching Grant from $57,000 to $75,000. Click here for more information.
March 2007 (Augusta) – Governor John Baldacci presented Juliana Frappier of Jefferson the annual $1,000 NextGen First Step Scholarship as part of the First Step Grant available to each Maine baby who received a $50 First Step Grant in 2006. Every Maine family who has a child this year will be mailed an announcement that explains how to get that free $50 into a NextGen College Investing Plan account for their newborn.
February 2007 (Augusta) - FAME Board of Directors approved fee reductions and other enhancements to the NextGen Plan. The modifications create a new Client Direct Series in NextGen that will provide self-directed investors with a more simplified offering and a variety of options at a lower cost. FAME also announced that Maine’s NextGen is now the fifth-largest college savings plan in the nation, with over $4.5 billion in assets under management. Investors from all over the country participate in the NextGen Plan.
November 2006 (Augusta) - NextGen College Investing Plan will contribute to the program by awarding a $250 scholarship to a student at each site.