Get a $100 Automated Funding Grant when you:
NextGen 529 accounts can be funded through payroll deduction or automatic contributions from your bank account (Automated Funding Service). Use a paper form or log into your account to set up recurring contributions online. Set your automatic contribution frequency to at least quarterly to be eligible for the Automated Funding Grant.
The Automated Funding Grant is awarded automatically—no additional paperwork is needed. Once the account has received the required automated contributions, the grant is awarded by FAME. FAME sends a letter to award recipients letting them know they have been awarded the grant.
View the Terms and Conditions of Maine Grant Programs for other conditions and restrictions that apply:
Matching Grants are invested at the discretion of FAME. Grants for Maine Residents are invested in a Matching Grant Portfolio in two age bands: a 0-15 Years age band followed by a 16+ Years age band, based on the age of the student (beneficiary). Investments involve risk. Matching Grants may lose value.
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