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Before you get started, make sure you have these things on hand:
You will also be asked to make investment choices. While there is information available within the application process, you can also read more about your investment options.
It’s quick and easy to open a Direct Series account online. You will be leaving this website and going to the secure application at Merrill Edge.Enroll Now »
Prefer to work with a financial advisor? Ask your financial advisor about opening a NextGen 529 Select Series account.
Each series offers different investment options, each with its own sales charges, fees, and expense structure. Expenses associated with the Direct Series will generally be lower than those associated with the Select Series. Currently, some of the same investment options are available in each series.
Are you or your beneficiary a resident of Maine? Boost your 529 savings by taking advantage of these grants just for you.
Open your account, add $25 and get a $100 Initial Matching Grant.
Set up and make six consecutive automatic contributions from your payroll or bank account and get a $100 Automated Funding Grant.
Learn More »
Make contributions and get a 30% NextStep Matching Grant up to a $300 match per year.
Learn More »
1 Grants 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.
2 The 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.