Families who save for a college education are always in a better position when it comes to paying for college costs. No matter how few years remain before entering college, savings will only help to defray college costs by replacing debt with savings.
NextGen and its special benefits for Maine residents offer real advantages for Maine families and make investing for college easier and more affordable than ever before.
Even families who are eligible for federal financial aid should be prepared to bear the costs of unmet need.
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Before investing you should consider the investment objectives, charges and expenses of, and the risks of investing in the NextGen Plan. You should also consider whether your or the 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 Distribution Agent or call FAME at 800-228-3734 and read it carefully.
NextGen is a Section 529 plan administered by the Finance Authority of Maine. Investment oversight is provided by the Maine State Treasurer. Merrill Lynch is the program manager and underwriter of the plan. The College Investing Plan for the Next Generation®, NextGen® and NextGen College Investing Plan® are registered trademarks of the Finance Authority of Maine, copyright 2007. All rights reserved.