When it comes to saving for a child’s college education, there’s no such thing as “too early.” You’ve made a smart decision by starting the process while your child is very young, and you’ve come to the right place.

Get Started the Right Way

Successfully building a college savings account requires a solid plan, discipline, and a focus on the long term. Before you begin:

Save More, Borrow Less

The more you save in the years before college, the less you will have to borrow. Why is saving a better option? Because you pay interest on the money you borrow, but you earn interest on the money you save.

The chart below shows an example that compares saving and borrowing, based on a college cost of $10,000. As you can see, the actual out-of-pocket cost is far less when you save than it is when you borrow.


Cost of borrowing vs saving for college
Based on 10 years at an interest rate of 7%. This example is an estimate only and market conditions may change.

Discover Two Great Ways to Save

MEFA’s U.Plan and U.Fund offer uncommon benefits to help you make the most of your college savings.

U.Plan Prepaid Tuition Program

Lets you prepay up to 100% of your child’s future college expenses at today’s rates:

  • One of the most stable and reliable prepaid tuition programs in the country
  • Can be used at 80 colleges and universities in Massachusetts
  • No fees, and no state or federal taxes on earnings
  • Any unused money is returned to the owner without penalty and including interest

U.Fund College Investing Plan

Offers you control and flexibility as you save for a child’s college education:

  • Allows you to choose how your money is invested
  • Can be used at virtually any college
  • Easy and affordable to open
  • Significant tax benefits
  • Professionally managed by Fidelity Investments

Find out how these and other college savings accounts stack up against each other in our detailed comparison chart.

“The U.PLAN and U.FUND are rock solid in helping families. ”


Call us at (800) 449-MEFA (6332)

Monday to Friday, 9am-5pm EST or email us at info@mefa.org

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