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2019 Grants for Maine Residents - Initial Matching Grant

Open an account today and receive a one-time $200 Initial Matching Grant!

Eligible Maine accounts can receive a $200 Initial Matching Grant when opening a NextGen 529 account with just $25.


Grant Eligibility Requirements

  • Either the account owner or account beneficiary is a Maine resident at the time the grant is awarded; and
  • The account beneficiary is not eligible for the $500 Grant.

What Else Should I Know?

  • The Initial Matching Grant is limited to one per eligible beneficiary.
  • Upon withdrawal, Initial Matching Grant funds are paid only to institutions of higher education.
  • View the Terms and Conditions of Maine Grant Programs for other conditions and restrictions that apply.

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.