• An eligible NextGen account owner must submit the signed Initial Matching Grant Certification to FAME before a $200 Initial Matching Grant can be awarded to the NextGen account. 

• Upon receipt of the signed Certification, FAME will verify the NextGen account owner’s eligibility. 

• If eligible, FAME will notify the NextGen account owner with a letter of eligibility.  If ineligible, FAME will notify the NextGen account owner with a letter of explanation. 

• FAME will forward the $200 Initial Matching Grant award to the Program Manager for processing and investment of funds within 120 days from the date the matching grant certification was received at FAME.

• Matching grant funds awarded to a NextGen account are invested in the Matching Grant Portfolio and will remain the property of FAME until withdrawn for qualified higher education expenses.

• All matching grant funds will be invested at the discretion of FAME.  The account owner has no ability to direct the investment of matching grant funds.

• The Program Manager will mail a trade confirmation to the account owner once matching grant funds have been invested in the NextGen account.  Matching grant funds will appear as an investment in the Matching Grant Portfolio on the NextGen account statements.

• See the Initial Matching Grant Terms and Conditions for other restrictions that apply.

Send Certifications to:

NextGen College Investing Plan
c/o Finance Authority of Maine
PO Box 949
Augusta, ME 04332-0949