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Harold Alfond College Challenge, c/o Finance Authority of Maine, P.O. Box 949, Augusta, ME 04332-0949, 1-800-228-3734

The Alfond Grant is awarded to a NextGen account. NextGen is a Section 529 plan administered by the Finance Authority of Maine (FAME).Before you invest in NextGen, request a NextGen Program Description from your Maine bank or financial advisor, or call FAME at 1-800-228-3734 and read it carefully. The Program Description contains more complete information, including investment objectives, charges, expenses and risks of investing in NextGen, which you should carefully consider before investing. You also should 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.  Merrill Lynch, Pierce, Fenner & Smith Incorporated (Merrill Lynch), a registered broker-dealer, Member SIPC, is the program manager and underwriter.

NextGen is available to self-directed investors in the Client Direct Series or through financial advisors in the Client Select Series. Each series offers different investment options, each wtih its own sales charges, fees and expense structure. Expenses associated with the Client Direct Series will generally be lower than those associated with the Client Select Series. Currently some of the same investment options are available in each series.

*Merrill Edge is the marketing name for two businesses: Merrill Edge Advisory Center, which offers team-based advice and guidance brokerage services; and a self-directed online investing platform. Both are made available through Merrill Lynch.

Important Notice: The NextGen College Investing Plan does not endorse or promote any third-party Web sites, referred to as "accommodators," that provide services to facilitate contributions to a NextGen account. These accommodators may charge fees in connection with their services. Neither FAME nor Merrill Lynch has authorized any accommodator or other third-party Web site to promote or submit contributions to a NextGen account. Anyone who chooses to contribute through these Web sites submits contributions at their own risk, and proper credit or investment to the account cannot be guaranteed or confirmed by Merrill Lynch or FAME.

If you would like to make regular automated contributions to a NextGen account, please visit the Account Servicing Forms page of our Web site for more information on Automated Funding Service or Payroll Deduction contributions through your employer. Also, a contribution check can be mailed to FAME at any time. 

Saving is not just for Newborns! A NextGen account can be opened for anyone. $200 Initial Matching Grant may be available.  Learn more