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NextGen

The most important investment you’ll ever hold.

Help your child succeed by opening and making contributions to a NextGen College Investing Plan® account!

Open a NextGen account

Enroll Today

Learn about Grants for Maine Residents

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Make a contribution

Invest in your Child
If you have questions, call us at 1-877-463-9843

What’s New

FAME announced today that it will award 16 $1,000 Scholarship Prizes to be contributed to 16 NextGen 529 plan accounts, selecting one random winner from each of the 16 counties of Maine. Learn more.

 

 

Every little bit counts!

NextGen is Maine’s Section 529 plan. 529 plans are designed to help families prepare for college. 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 account now can make a big difference later.

Anyone can open a NextGen account.

Parents, grandparents, and extended family members can open an account, no matter their income or the age of the student. You also can open an account to invest for your own higher-education expenses.

NextGen Investment Options

NextGen offers a variety of investment options in two separate series – the Client Direct Series and the Client Select Series. Each series offers different investment options, each with its own sales charges, fees and expense structure. Some of the same investment options are available in each series.

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 is available for those investors seeking professional advice from a financial advisor.

Please remember: There’s always the potential of losing money when you invest in securities.

* To be eligible for favorable tax treatment afforded to any earnings portion of withdrawals from Section 529 accounts, such withdrawals must be used for “qualified higher education expenses,” as defined in the Internal Revenue Code. Any earnings withdrawn that are not used for such expenses are subject to federal income tax and may be subject to a 10% additional federal tax as well as state and local income taxes.

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