NextGen Advantages

  • Matching Grants are available to eligible Maine residents. Click here for more information.
  • Anyone can open a NextGen acount, 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.