for PARENTS
for STUDENTS
for EDUCATORS

HIGH SCHOOL PARENTS

High school is a time when our kids make important life decisions that affect the rest of their lives. As parents, we can help with these decisions by encouraging them to explore their interests and sharing information about higher education, money management and careers.

Tips for Success

There are some things you can do to support your child’s schooling and learning. Check out our tips.

High-school-icons Tips for High School PARENTS »

Invest in Your High Schooler’s Future

  • Open a NextGen 529TM account to reduce student loans and debt. Every dollar in a NextGen 529 account, when used for qualified higher education expenses, is a dollar that doesn’t need to be borrowed and repaid with interest.
  • Encourage family and friends to give the gift of education by making contributions to your student’s NextGen 529 account.
  • Talk to your child about what your family can afford for higher education. You can research and compare college costs using the Net Price Calculator. It will give you a good idea of what a school will cost YOUR child to attend.
  • Learn about financial aid. Attend one of FAME’s Financial Aid Nights.
  • File the FAFSA as soon after October 1 in senior year as possible. Have questions? Attend a FAME In-Person FAFSA Help event.
  • Investigate resources to make informed borrowing decisions at TheLoanforME.com.

 


RESOURCES

 


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 Merrill Lynch Financial Advisor or Maine Distribution Agent or call Merrill Edge at 1-877-463-9843 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 or your designated beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state’s 529 plan. Merrill Lynch, Pierce, Fenner & Smith Incorporated, a registered broker-dealer, member SIPC, is the program manager and underwriter.

HIGH SCHOOL STUDENTS

Your high school years are full of new experiences and making new friends. It’s also time to really double down on thinking about and preparing for education after high school. What do you want to do? What are your long-term goals?

Tips for Success

There are some things you can do to support your future success—whatever you decide to do. Check out our tips below.

High-school-icons Tips for High School STUDENTS »

Invest in your future

  • Find and apply for scholarships. FAME’s Scholarship Search lists scholarships that are available to Maine students.
  • Working part-time? Save some of your income for higher education expenses.
  • Consider the ROI of any schools you are interested in attending. Consider what the school will cost you to attend (using Net Price Calculator) and your intended career (using CareerOneStop) to make sure the education is likely to “pay off” financially in the way you hope.
  • Get an FSA ID (the user name and password used to access all Federal Student Aid websites, including FAFSA.gov). File your FAFSA (Free Application for Federal Student Aid) after October 1 of your senior year.
  • Reduce tuition costs. Test out of college courses by taking Advanced Placement (AP) classes in high school. Some schools may also allow you to test out of general education classes. Enroll in summer courses at your local college or online to fulfill general education requirements at a lower cost per credit hour.

 


RESOURCES

HIGH SCHOOL EDUCATORS

High school is an exciting time for students—the beginning of the transition to being an adult. They begin making life decisions about school and work. Understanding how post-secondary education affects future salary, job security, health and job options helps students make these important decisions.

Thank you for everything you do to support your students to get them ready for higher education and careers. Maine‘s economy in the next decades depends on a highly educated workforce.

Tips for Success

As a high school educator, you play an important role in your students’ future success. Here are some tips to help your students get thinking about their futures.

High-school-icons Tips for High School EDUCATORS »

Invest in Your Students’ Success

  • Help students access financial aid to pay for higher education. Invite FAME to hold a FAME Financial Aid Night at your school. Promote FAME’s In-Person FAFSA Help Sessions and online help. Share FAME’s Comparing Costs & Financial Aid Awards tool with students.
  • Encourage students to learn about money management. Find tools and resources at FAME’s website.
  • Check out FAME’s free training offerings! Attend Financial Aid 101, FAME’s annual free financial aid training. Participate in FAME’s monthly webinar series and check out archived webinars.
  • Share information about saving for higher education and NextGen 529TM, Maine’s Section 529 plan. 529 plans are designed to help families prepare for college. Download and share NextGen 529 posters and brochures. Invite FAME to your school to conduct an information session about saving for higher education and/or NextGen 529.

RESOURCES

 


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 Merrill Lynch Financial Advisor or Maine Distribution Agent or call Merrill Edge at 1-877-463-9843 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 or your designated beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state’s 529 plan. Merrill Lynch, Pierce, Fenner & Smith Incorporated, a registered broker-dealer, member SIPC, is the program manager and underwriter.

High School
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