NEXTGEN Plan Enrollment & Forms

	Enroll in the NextGen College Investing Plan

	Recognizing the importance of a college education, your employer has made it easy for you to start investing for this important goal. The NextGen College Investing Plan® is a Section 529 plan and provides you with a tax-advantaged way to save and invest for the higher-education expenses of your children, grandchildren or other loved ones. The NextGen College Investing Plan is a Qualified Tuition Program under section 529 of the Internal Revenue Code.
The NextGen College Investing Plan is administered by the Finance Authority of Maine. Merrill Lynch, Pierce, Fenner & Smith Incorporated is the program manager, underwriter and distributor of the NextGen College Investing Plan.
The Cost of a College Education Currently, the cost of a four-year college education is approximately $60,852 for a public school and $142,544 for a private school. ¹ With inflation, by the time a newborn would attend college those numbers are projected to be $163,861 and $383,839 respectively.² Meeting this important goal requires careful planning and a commitment to a saving strategy. Investing through a tax-advantaged 529 account is a great way to help you meet this important goal. Benefits of the NextGen Plan Tax Advantages. Earnings in the NextGen Plan grow free from federal income tax, as long as the withdrawals are used for qualified higher-education expenses. Control. You retain control over the use of your account and can change beneficiaries at any time.³ A Choice of Investment Options. The plan offers a choice of several different professionally managed investment options that allow you to customize an investment strategy to suit your investment needs. Low Investment Minimums. You can establish an account for as little as $50 a month using our automated funding service or payroll deductions, if permitted by your employer. If not funding through one of these methods, the minimum initial investment is $250. Flexibility. Assets in your NextGen account can be used at any accredited post-secondary school in the U.S.⁴ and can be used to pay for tuition and fees, room and board, books, required supplies and equipment, as well as expenses related to special needs beneficiaries.
To Enroll, click on Begin Enrollment
=========================================
¹Current college estimates based on the Trends in College Pricing, the College Board. ² Based on the average 2009-10 cost of tuition, fees, room and board as published in the College Board's Trends in College Pricing Report, 2009. The projected annual cost of college assumes 6% annual inflation. ³Subject to certain restrictions ⁴Institutions must be eligible to participate in federal student financial-aid programs. Some foreign institutions are also eligible.

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 carefully. 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 program manager, underwriter and distributor of the NextGen plan.

Merrill Lynch, Pierce, Fenner & Smith Incorporated is a registered broker-dealer and a wholly owned subsidiary of Bank of America Corporation.

Investment products:

Are Not FDIC Insured Are Not Bank, State or Federal Guaranteed May Lose Value

Merrill Lynch makes available investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation or in which Bank of America Corporation has a substantial economic interest, including BlackRock, Inc.