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As of October 28, 2019 Maine Matching Grants awarded by FAME are invested in the 0-15 Years age band followed by a 16+ Years age band based upon the age of the beneficiary. Investments involve risk. Matching Grants may lose value.
Although grant funds will appear on the NextGen 529 account statement, all matching grant funds, including any earnings on matching grant funds, remain the property of FAME until used for qualified higher education expenses.
FAME may modify or terminate any matching grant program at any time.