There’s No Present Like a Bright Future
Gift giving for kids at any age can be…a lot. That video game console? Obsolete in two years. The dream castle? The box ended up being a bigger hit. Toys and games can be great gifts in the moment but can also be forgotten quickly. A better gift? Well, there’s no present like a bright future. Invest for higher education by opening a NextGen 529® account.
Act now! Make sure your contributions are counted for 2023 grants. Allow two weeks for mailing and processing.1
Gorham, ME
The Good Just Adds Up
3 Steps to Investing in Your Child’s Future
If you’re a Maine resident, there are hundreds of dollars in matching grants available.2 Here’s how to make the most of them.
Open a NextGen 529 Account
Begin by opening a NextGen 529 account for your child.
Receive a $100 Matching Grant
Open a NextGen 529 account with just $25 and automatically receive a $100 Initial Matching Grant!2
If your baby got a $500 Alfond Grant3 at birth, you can use that to open a NextGen 529 account for your child without making an initial contribution—and your account will receive $100.
(Maine moms of children with an Alfond Grant, update your contact information so we can share information about the Alfond Grant with you.)
Add Money to Your Account
Contributing to your child’s NextGen 529 account can mean additional matching grants.
Receive NextStep Matching Grants
Contribute to your NextGen 529 account whenever you can and automatically receive 30% of your contribution amount in a NextStep Matching Grant—up to a $300 match per year!2
Receive a $100 Automated Funding Grant
If you like the idea of building contributions into your budget, consider automatic funding from your payroll or bank account. When you set up and make six consecutive automatic contributions, you will get a $100 Automated Funding Grant.2
Encourage Family and Friends to Contribute
NextGen 529 contributions make fantastic holiday, birthday, or “just because” gifts.
Receive NextStep Matching Grants
Grandparents, other family, or friends can all give to your account. Since gift contributions can be matched, you’ll receive a NextStep Matching Grant on their contributions—up to a $300 match per year.
Open a NextGen 529 Account
It’s a great way to give the gift of a bright future.
1See the Year-End Contributions section in the NextGen 529 Program Description for details.
2Grants 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.
3The 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.
