We speak with Martha Johnston, Director of Education with The Finance Authority of Maine (FAME) about NextGen 529 Plan.
NextGen 529 is Maine’s Section 529 plan which many families use to save for higher education. Any earnings in a Section 529 plan are tax-free, when used to pay for qualified higher education expenses. It’s never too early to start planning ahead for future education expenses, and opening a NextGen 529 account now can make a big difference later.
Every dollar in a NextGen 529 account, when used for qualified higher education expenses1, is a dollar that doesn’t need to be borrowed and repaid with interest.
$100 Initial Matching Grant
Open your account, add $25 and get a $100 Initial Matching Grant.
$500 Alfond Grant
Every baby born a Maine resident will have a $500 Alfond Grant automatically invested for his or her future higher education expenses.¹ That means a head start on a bright future!
Visit Online: https://www.nextgenforme.com
