Save Now to Give Your Child More Options Later

Higher education can lead to a better job and better pay. You can give your child more options when it’s time for higher education by planning ahead for future education expenses. Start saving now by opening a NextGen 529 account!

OPEN NextGen 529 ACCOUNT
Josslyn Windham, ME

Josslyn
Windham, ME

Sophia & Amany Vassalboro & Augusta, ME

Sophia & Amany
Vassalboro & Augusta, ME

Holly & Liam Scarborough, ME

Holly & Liam
Scarborough, ME

For College…
Plus a Whole Lot More

NextGen 529 accounts do more than help you save for a four-year college education. They can be used to pay for two-year associate degree programs, trade schools, even qualified online courses—at home or abroad. Learn more about how you can use a NextGen 529 account by clicking the button below.

VISIT PLAN HIGHLIGHTS
Trade School
Tech School
Private and Public College
Apprenticeships
Home or Abroad
Online Courses
Books and Supplies
Room and Board

For College…
Plus a Whole Lot More

Next 529 accounts do more than help you save for a 4-year college education. They can be used to pay for 2-year associate degree programs, trade schools, even qualified online courses—at home or abroad.

NextGen 529 accounts do more than help you save for a four-year college education. They can be used to pay for two-year associate degree programs, trade schools, even qualified online courses—at home or abroad. Learn more about how you can use a NextGen 529 account by clicking the button below.

Trade School
Tech School
Private and Public College
Apprenticeships
Home or Abroad
Online Courses
Books and Supplies
Room and Board

For College…
Plus a Whole Lot More

NextGen 529 accounts do more than help you save for a four-year college education. They can be used to pay for two-year associate degree programs, trade schools, even qualified online courses—at home or abroad.

NextGen 529 accounts do more than help you save for a four-year college education. They can be used to pay for two-year associate degree programs, trade schools, even qualified online courses—at home or abroad. Learn more about how you can use a NextGen 529 account by clicking the button below.

Trade School
Tech School
Private and Public College
Apprenticeships
Home or Abroad
Online Courses
Books and Supplies
Room and Board
VISIT PLAN HIGHLIGHTS

Maine Taxpayers—New for 2023!

Contributions made in 2023 to a 529 account, of up to $1,000 per student, may be eligible for a Maine state income tax deduction.

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Which 529 Account Is Right for You?

NextGen 529 offers two types of accounts

DIRECT ACCOUNTS

I’ll manage my own investments

You want to open an account yourself and choose the investment options that are right for you. NextGen 529’s Direct Accounts generally offer lower fees, but fewer investment choices.

LEARN ABOUT DIRECT ACCOUNTS

SELECT ACCOUNTS

I’ll work with a financial advisor

If you prefer to work with your financial advisor, speak with them about opening an account for you.

LEARN ABOUT SELECT ACCOUNTS

DIRECT ACCOUNTS

I’ll manage my own investments

You want to open an account yourself and choose the investment options that are right for you. NextGen 529’s Direct Accounts generally offer lower fees, but fewer investment choices.

LEARN ABOUT DIRECT ACCOUNTS

SELECT ACCOUNTS

I’ll work with a financial advisor

If you prefer to work with your financial advisor, speak with them about opening an account for you.

LEARN ABOUT SELECT ACCOUNTS

GRANTS FOR MAINE RESIDENTS

It’s Good to Be a Mainer

There’s grant money available for Maine residents. These grant programs can really boost your savings.1

$500 Alfond Grant for Maine Babies
$500 Alfond Grant for Maine Babies

A $500 grant toward future higher education expenses for all babies born Maine residents.2

VISIT ALFOND GRANT
$100 Initial Matching Grant
$100 Initial Matching Grant

Open your account, add $25 and get a $100 Initial Matching Grant.

VISIT INITIAL MATCHING GRANT
$100 Automated Funding Grant
$100 Automated Funding Grant

Set up and make six consecutive automatic contributions from your payroll or bank account and get a $100 Automated Funding Grant.

VISIT AUTOMATED FUNDING GRANT
30% NextStep Matching Grant
30% NextStep Matching Grant

Make contributions and get a 30% NextStep Matching Grant up to a $300 match per year.

VISIT NEXTSTEP MATCHING GRANT

“As a CERTIFIED FINANCIAL PLANNER™ practitioner, I understand the importance of saving early. I’ve been inspired by a lot of my clients who have 529 accounts for their kids and grandchildren. I hope to provide a similar benefit to my kids to fund their education. “

Caleb J Warren

Caleb J Warren

Hampden, ME

COLLEGE SAVINGS GUIDE

Planning Ahead Makes All the Difference

Education after high school can open a world of possibility for you or your child. It can also seem a little overwhelming at times. To help you get started, we’ve pulled together a series of articles that will teach you the ins and outs of saving and paying for education after high school.

EXPLORE COLLEGE SAVINGS GUIDE

BrokerCheck by FINRA

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1Grants for Maine Residents are linked to eligible Maine accounts. An Alfond Grant recipient is eligible to receive the $100 Initial Matching Grant if the minimum required initial contribution is made before the beneficiary’s first birthday. Upon withdrawal, grants are paid only to institutions of higher education. See Terms and Conditions of Maine Grant Programs for other conditions and restrictions that apply. Grants may lose value.

2The Alfond Grant is not automatic in all circumstances and is also available in limited other circumstances. The use of the Alfond Grant is also subject to certain restrictions – see Alfond Grant Guidelines.

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