Three Stars Scholarship
Three Stars Scholarship, Presented by NextGen
The Portland Pirates and NextGen College Investing Plan are proud to extend their partnership into a second season with their successful scholarship program. Again during the 2012-13 school year, local students are encouraged to put their writing skills on display for the ultimate prize of a $1,000 scholarship! The Portland Pirates will award a $1,000 3-Stars Scholarship to a deserving student in each of three grade levels: K-5, 6-8, and 9-12. Students will be asked to submit an essay on a topic selected by the Pirates (for the older contestants) or submit a picture (for the younger contestants). Winners are selected prior to the Portland Pirates™ final regular season game and awarded the scholarship at the game. The Pirates and the NextGen College Investing Plan are proud to work together, and intend to continue the program for many years to come to help provide further education to the future of the State of Maine.
About the NextGen Plan
The Maine College Savings Program, also known as NextGen, was created by the Maine Legislature in 1999 as a qualified tuition program under Section 529 of the Internal Revenue Code. It is a tax-advantaged investing program of the Finance Authority of Maine designed to help families prepare for higher education expenses. Merrill Lynch is the program manager and underwriter of the plan. Anyone age 18 or older with a valid social security number or U.S. taxpayer identification number can open an account, regardless of income or residency, and assets can be used at any U.S. accredited post-secondary institution. Matching grants are available to eligible accounts.
About the Finance Authority of Maine (FAME)
FAME is a quasi-independent state agency that provides innovative financial solutions to help Maine citizens pursue business and higher education opportunities. To learn more about FAME, please visit www.famemaine.com.
Please remember there is always the potential of losing money when you invest in securities.
The NextGen Plan is a Section 529 plan administered by the Finance Authority of Maine (FAME). Before you invest in the NextGen plan, request a NextGen College Investing Plan 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 the NextGen plan, 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 states 529 plan. Merrill Lynch, Pierce, Fenner & Smith Incorporated, a registered broker-dealer, member SIPC, is the program manager and underwriter.
NextGen College Investing Plan and NextGen are registered trademarks of the Finance Authority of Maine.
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