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!
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.
Trade School
Tech School
Private and Public College
Apprenticeships
Home or Abroad
Online Courses
Books and Supplies
Room and Board
Which 529 Account Is Right for You?
NextGen 529 offers three types of accounts
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
$100 Initial Matching Grant
$100 Automated Funding Grant
30% NextStep Matching Grant
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.
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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.
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