If you are a resident of Maine, you may be interested to know that:

Earnings in your NextGen Account are state income tax exempt if used for qualified higher education expenses.

The annual Account Maintenance Fee that applies to NextGen Accounts is waived for as long as you or your beneficiary is a resident of Maine.

You may be able to enroll in the NextGen Plan through your Distribution Agent in Maine.

The Maine State Treasurer and the Maine Advisory Committee on College Savings oversee the investments.

The Finance Authority of Maine offers additional helpful services and information on ways to plan and pay for college, such as a college aid calculator and a scholarship search service.

You may be eligible to receive a matching grant for contributions made to your NextGen account. Please click here to learn more.

Before you invest in the NextGen plan, please carefully read the NextGen College Investing Plan Program Description. The program description contains more complete information, including investment objectives, charges, expenses and risks of investing in the NextGen plan, which you should consider. You should also consider whether your home state or your designated beneficiary’s home state offers any state tax or other benefits that are only available for investments in such state’s 529 plan. Click here to obtain a free NextGen Enrollment kit, including the current Program Description. Merrill Lynch, Pierce, Fenner & Smith Incorporated is the distributor of the NextGen plan.

 
Privacy Notice, Trademark and other Legal Information