| Effective January 1, 2010 the Annual Matching Grant Program will not be renewed. Contributions made to a NextGen account on or after January 1, 2010 will not be eligible for the Annual Matching Grant. |
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Qualified families can still receive an Annual Matching Grant of up to $200 on contributions made in 2009 to a NextGen account. To receive an Annual matching Grant for contributions made in 2009:
1. Certify you eligibility by completing the 2010 NextGen Annual Matching Grant Certification. Be sure to sign the Certification.
2. Mail or deliver the Certification to FAME so that it arrive on or before June 30, 2010.
Do NOT send copies of your tax return with the Certification.
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Return Completed Forms to the Address Below
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Mailing Address:
NextGen College Investing Plan
Finance Authority of Maine
PO Box 949
Augusta, ME 04332-0949
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Overnight Delivery:
NextGen College Investing Plan
Finance Authority of Maine
5 Community Drive
Augusta, ME 04330
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FAX: 207-623-0095
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Eligibility Requirements:
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The NextGen account owner's family adjusted gross income was $75,000 or less, as reported on the family’s 2009 federal income tax return; and
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Either the NextGen account owner or NextGen account beneficiary is a Maine resident; and
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At least $50 in contributions were made to the NextGen account during the 2009 calendar year; and
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The NextGen account beneficiary has not previously received an Initial Matching Grant or has not already received an Annual Matching Grant in 2010.
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| What Else Should I Know? |
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The 2010 Annual Matching Grant Certification form must be signed by the account owner and must be received by FAME on or before June 30, 2010 to be considered for the grant.
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FAME will award the Annual Matching Grant to the eligible NextGen account within 120 days after receipt of the Certification.
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See the Annual Matching Grant Terms and Conditions for other conditions and restrictions that may apply.
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Downloads
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2010 Annual Matching Grant Certification
How to initiate a qualified withdrawal of Grant funds
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"Family adjusted gross income" means the adjusted gross income reported by the account owner and the account owner's spouse, if applicable, on the most recently filed federal income tax return, or as reported on Form W-2 if the account owner and the account owner's spouse, if applicable, are not required to file a federal income tax return or through such other evidence acceptable to FAME.
IMPORTANT NOTICES:
Although matching grant funds will appear on the NextGen account statement, all matching grant funds, including earnings on matching grant funds if any, remain the property of FAME until used for qualified higher education expenses.
FAME may modify or terminate any NextGen Matching Grant Program at any time.