Save Now to Give Your Child More Options Later

Higher education can lead to a better job and better pay. You can give your child more options when it’s time for higher education by planning ahead for future education expenses. Start saving now by opening a NextGen 529 account!

Josslyn
Windham, ME
Sophia & Amany
Vassalboro & Augusta, ME
Holly & Liam
Scarborough, ME

529 College Savings Can Be Rolled Into a Roth IRA

Starting in 2024, when 529 account owners find themselves with leftover funds, those funds can be transferred to a Roth IRA, subject to certain limitations.

For College…
Plus a Whole Lot More

NextGen 529 accounts do more than help you save for a four-year college education. They can be used to pay for two-year associate degree programs, trade schools, even qualified online courses—at home or abroad. Learn more about how you can use a NextGen 529 account by clicking the button below.

Trade School
Tech School
Private and Public College
Apprenticeships
Home or Abroad
Online Courses
Books and Supplies
Room and Board

For College…
Plus a Whole Lot More

Next 529 accounts do more than help you save for a 4-year college education. They can be used to pay for 2-year associate degree programs, trade schools, even qualified online courses—at home or abroad.

NextGen 529 accounts do more than help you save for a four-year college education. They can be used to pay for two-year associate degree programs, trade schools, even qualified online courses—at home or abroad. Learn more about how you can use a NextGen 529 account by clicking the button below.

Trade School
Tech School
Private and Public College
Apprenticeships
Home or Abroad
Online Courses
Books and Supplies
Room and Board

For College…
Plus a Whole Lot More

NextGen 529 accounts do more than help you save for a four-year college education. They can be used to pay for two-year associate degree programs, trade schools, even qualified online courses—at home or abroad.

NextGen 529 accounts do more than help you save for a four-year college education. They can be used to pay for two-year associate degree programs, trade schools, even qualified online courses—at home or abroad. Learn more about how you can use a NextGen 529 account by clicking the button below.

Trade School
Tech School
Private and Public College
Apprenticeships
Home or Abroad
Online Courses
Books and Supplies
Room and Board
Video Still for For College—And So Much More! Video Still for For College—And So Much More!
The good just adds up. Here’s how.
Funds in a NextGen 529 account can be used for so many different kinds of education.
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Maine Taxpayers—New for 2023!

Contributions made in 2023 to a 529 account, of up to $1,000 per student, may be eligible for a Maine state income tax deduction.

Which 529 Account Is Right for You?

NextGen 529 offers two types of accounts

DIRECT ACCOUNTS

I’ll manage my own investments

You want to open an account yourself and choose the investment options that are right for you. NextGen 529’s Direct Accounts generally offer lower fees, but fewer investment choices.

SELECT ACCOUNTS

I’ll work with a financial advisor

If you prefer to work with your financial advisor, speak with them about opening an account for you.

DIRECT ACCOUNTS

I’ll manage my own investments

You want to open an account yourself and choose the investment options that are right for you. NextGen 529’s Direct Accounts generally offer lower fees, but fewer investment choices.

SELECT ACCOUNTS

I’ll work with a financial advisor

If you prefer to work with your financial advisor, speak with them about opening an account for you.

GRANTS FOR MAINE RESIDENTS

It’s Good to Be a Mainer

There’s grant money available for Maine residents. These grant programs can really boost your savings.1

$500 Alfond Grant for Maine Babies
$500 Alfond Grant for Maine Babies

A $500 grant toward future higher education expenses for all babies born Maine residents.2

$100 Initial Matching Grant
$100 Initial Matching Grant

Open your account, add $25 and get a $100 Initial Matching Grant.

$100 Automated Funding Grant
$100 Automated Funding Grant

Set up and make six consecutive automatic contributions from your payroll or bank account and get a $100 Automated Funding Grant.

30% NextStep Matching Grant
30% NextStep Matching Grant

Make contributions and get a 30% NextStep Matching Grant up to a $300 match per year.

COLLEGE SAVINGS GUIDE

Planning Ahead Makes All the Difference

Education after high school can open a world of possibility for you or your child. It can also seem a little overwhelming at times. To help you get started, we’ve pulled together a series of articles that will teach you the ins and outs of saving and paying for education after high school.

BrokerCheck by FINRA

1Grants 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.

2The 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.