HomeDirect AccountMake Contributions

Make a Contribution

Making a contribution to your NextGen 529 account is easy. There’s no minimum amount, and best of all, there are several ways to contribute—contribute online, make a mobile deposit, mail a check or set up automated contributions. Read on to find the best option for you.

Julius, South Portland


Ways to Make a Contribution

Build a habit of saving by regularly adding to your NextGen 529 account. Here are four ways to contribute.

Digital Device Icon


Make a one-time contribution or schedule recurring contributions from your checking or savings account.

Deposit Icon


Download the Merrill Edge® mobile app from the App Store® or Google Play™ store.3

App Store
Google Play
Mail Check Icon


Get a contribution coupon and mail a check to Merrill Edge.

Calendar Icon


Set up automatic contributions from your payroll or bank account.

Earn Cash Back Rewards Toward Your NextGen 529 Account!

Upromise is a free and easy way to add to your college savings. Earn cash back rewards through everyday activities like online shopping, dining, and grocery shopping. And when you link your NextGen 529 account to Upromise, rewards are automatically transferred when you reach $50 in Upromise rewards!

How to Transfer/ Roll Over Funds

Have another account you’d like to use to fund your NextGen 529? You can roll over existing funds from another state’s 529 plan, a Coverdell Education Savings account, custodial accounts, or U.S. savings bonds into your NextGen 529 account.

Gift Icon

Give a Gift

NextGen 529 contributions make fantastic holiday, birthday, or “just because” gifts. Grandparents, other family, or friends can all give to your account.

Gift Icon


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

$100 Initial Matching Grant
$100 Initial Matching Grant

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

30% NextStep Matching Grant
30% NextStep Matching Grant

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

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.

3Data connection required. Wireless carrier fees may apply. Mobile app not available on all devices.
App Store is a trademark of Apple Inc.
Google Play and the Google Play logo are trademarks of Google LLC.
The Merrill Edge mobile app is available to NextGen 529 Direct Series accountholders.
Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.“). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC, and a wholly owned subsidiary of BofA Corp