We speak to Maire Pelletier NextGen College Savings Counselor with Finance Authority Of Maine. NextGen 529 is Maine’s education savings plan that many Maine families use to invest for higher education, like college or trade school. Thousands of Maine families use NextGen 529 to help afford higher education. Maine families with the $500 Alfond Grant can build on the grant by opening a NextGen 529 account. (no contribution necessary to open) Once families have a NextGen 529 account, money they add to it can be matched with Maine’s generous matching grant program. There are hundreds of dollars available each year! And Maine residents who don’t have that $500 Alfond grant, can get a $100 Initial Matching Grant added to their account, when they open a NextGen 529 account and add $25.
Families can learn more about NextGen 529 and get started on opening an account online at NextGenforME.com
