Grants for Maine residents can really add up! Download and read the Terms and Conditions for Maine Grant Programs.
A one-time $500 grant available to all Maine resident babies until their first birthday to open a NextGen account, regardless of family income. Learn more about the Harold Alfond College Challenge Grant…
Eligible Maine accounts opened with the minimum initial contribution may receive a one-time $200 Initial Matching Grant, regardless of income. Learn more about the Initial Matching Grant...
The NextStep Matching Grant provides a 50% match on contributions, up to $100 per year, with a lifetime maximum amount of $1000, regardless of family income. Learn more about the NextStep Matching Grant...
A $50 Automated Funding Grant is available for accounts that make at least six consecutive automated contributions through an automated funding option, regardless of income. Learn more about the Automated Funding Grant...
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Grants for Maine Residents
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Other Benefits for Maine Residents
Finance Authority of Maine
NextGen is a Section 529 plan administered by the Finance Authority of Maine (FAME). Before you invest in NextGen, request a NextGen Program Description from your Merrill Lynch Financial Advisor or Maine Distribution Agent or call Merrill Edge at 1-877-4-NEXTGEN (877-463-9843) and read it carefully. The Program Description contains more complete information, including investment objectives, charges, expenses and risks of investing in NextGen, which you should carefully consider before investing. You also should consider whether your or your designated beneficiary’s home state offers any state tax or other benefits that are only available for investments in such state’s Section 529 plan. Merrill Lynch, Pierce, Fenner & Smith Incorporated, a registered broker-dealer, member SIPC, is the program manager and underwriter.