NextGen Matching Grant Income Eligibility Increased to $75,000.
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.
Governor Presents 2007 NextGen First Step $1,000 Scholarship to Juliana Frappier and Family at FAME Offices.
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.
FAME Announces Fee Reducations and Other Enhancements to NextGen College Investing Plan, Now 5th Largest Program in Nation.
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.
FAME Announces $50,000 Grant From Lumina Foundation for Education to Continue College Goal Sunday Program.
November 2006 (Augusta) - NextGen College Investing Plan will contribute to the program by awarding a $250 scholarship to a student at each site.
Governor Baldacci Declares September College Savings Month.
September 2006 (Augusta) - Governor John Baldacci today introduced new television ads for the First Step Grant Program, one of many unique college savings programs he is supporting as part of his proclaimed College Savings Month this September. “Replacing debt with savings is always the best way for families to prepare for the cost of college, and with the many savings programs we have here in Maine, it’s never too late to start,” said Baldacci, pointing to such programs as the NextGen College Investing Plan, Maine’s “529” college savings plan, and the First Step Grant Program.
MaKayla Rose Farrell of Jefferson wins $1,000 NextGen Scholarship.
March 2006 (Augusta) - Governor John Baldacci presented MaKayla Rose Farrell of Jefferson the first annual $1000 NextGen Scholarship as part of the $50 First Step grant available to each child born or adopted in Maine in 2006 to help open their first college savings account. Every Maine family who has a child this year will be mailed a packet that explains how to get that free $50 into a NextGen College Investment Plan Account for their newborn.
