Dream Big. Plan Ahead.

Exciting Changes to the NextStep Matching Grant

Effective July 1, 2013, the NextStep Matching Grant has changed to a 50 percent match on contributions up to $100 per year, with a lifetime maximum of $1,000.
Learn about all grants for Maine residents.

NextGen Investment Plan Options 

NextGen offers the Client Select Series and the Client Direct Series, each with different investment options and expenses.

The NextGen Client Direct Series is available for self-directed investors – those who do not seek professional advice about choosing among the available NextGen investment portfolios. 

The NextGen Client Select Series offers a broader choice of investment options than offered in the Client Direct Series, with a different expense structure. The Client Select Series is available for those investors seeking professional advice from a financial advisor. Client Select Series enrollment materials are only available through Merrill Lynch financial advisors and authorized Maine Distribution Agents.


Please remember there's always the potential of losing money when you invest in securities.


Important Notice: The NextGen College Investing Plan® does not endorse or promote any third-party Web sites, referred to as “accommodators,” that provide services to facilitate contributions to a NextGen account. These accommodators may charge fees in connection with their services. Neither FAME nor Merrill Lynch has authorized any accommodator or other third-party Web site to promote or submit contributions to a NextGen account. Anyone who chooses to contribute through these Web sites submits contributions at their own risk, and proper credit or investment to the account cannot be guaranteed or confirmed by Merrill Lynch or FAME.

If you would like to make regular automated contributions to a NextGen account, please visit the Account Servicing Forms page of our Web site for more information on the Automated Funding Service or Payroll Deduction contributions through your employer. Also, a contribution check can be mailed to FAME at any time.


The NextGen College Investing Plan® is Maine's Section 529 Plan. A Section 529 Plan is an investment plan offered by a state to help families achieve their dreams of providing funding for higher-education costs.  It’s called a 529 Plan because it’s named for Section 529 of the Internal Revenue Code.  NextGen is administered by the Finance Authority of Maine (FAME).  Merrill Lynch, Pierce, Fenner & Smith Incorporated is the Program Manager.

Visit the FAQ Page for answers to the most common NextGen and 529 Plan questions.  FAME is here to help you, please contact us at or at 1.800.228.3734 with any additional questions you might have.