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2019 Grants for Maine Residents - NextStep Matching Grant

Once you contribute at least $50 in a calendar year, NextGen 529 will match 50% of every dollar contributed, up to $300! Don’t leave money on the table!

A 50% annual NextStep Matching Grant is available to Maine Residents – contribute up to $600 per year and receive up to a $300 match. For example:

  • Contribute $50—get a $25 matching grant
  • Contribute $160—get an $80 matching grant
  • Contribute $600—get a $300 matching grant

Grant Eligibility Requirements

  • Either the account owner or account beneficiary is a Maine resident at the time the grant is awarded.
  • An account must receive at least $50 in contributions in a calendar year to receive this matching grant.

What Else Should I Know?

  • The NextStep Matching Grant is limited to one per eligible beneficiary.
  • Upon withdrawal, NextStep 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.

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