New Year brings new matching grants for Maine residents

Ushering in 2020, a new decade, and to celebrate the 20th anniversary of the NextGen 529 college savings program, the Finance Authority of Maine has announced updated Grants for Maine residents.

Maine residents now will receive a $100 Initial Matching Grant after they open a NextGen 529 account and make at least a $25 contribution. And, new this year, those Maine residents with an Alfond Grant can also receive the $100 Initial Matching Grant after they open a NextGen 529 account and make a $25 contribution by Dec. 31, 2020.
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