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First Step Grant

The First Step Grant Program is no longer available. However, click here, for more information about the Harold Alfond College Challenge (Alfond Grant). The Alfond Grant is available to help families start a NextGen account for their newborns.

NextGen is a Section 529 plan administered by FAME. Merrill Lynch, Pierce, Fenner & Smith Incorporated, a registered broker-dealer, member SIPC, is the program manager and underwriter. Before investing you should carefully consider the investment objectives, charges, expenses and risks of investing in the NextGen Plan. You should also consider whether your or the designated beneficiary’s home state offers any state tax or other benefits that are only available for investments in such state’s 529 plan. Request a Program Description from your Maine bank or financial advisor, or call FAME at 1-800-228-3734 and read it carefully.

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