MEFA : Save for College : U.Fund College Investing Plan

Maximize your savings with the U.Fund.

MEFA's U.Fund, the Massachusetts 529 college investing plan, combines significant tax advantages with professional investment management, making the U.Fund a flexible and affordable way to save for college.

U.Fund benefits

The U.Fund can be used to pay for all qualified education expenses: tuition, fees, room, board, books, supplies, and equipment.
All qualified withdrawals are federal and Massachusetts state income tax free.
The money in your U.Fund account may be used at any federally accredited college or university in the United States and eligible foreign institutions.
If one child doesn't use the money, you can change the beneficiary to another eligible family member of the original beneficiary.
You can tailor your investment strategy based on your risk tolerance and your child's age.
Residents of any state may apply.

How the U.Fund works

The U.Fund offers a choice of portfolios tailored to a child's age. You can also customize portfolio selections based on an asset allocation strategy. U.Fund accounts are managed by Fidelity Investments. Visit Fidelity to learn more about the U.Fund or apply now. (PLEASE NOTE: Clicking this link will take you away from the MEFA web site to a MEFA trusted partner site.)

Start U.Reading

Preparing for college requires more than just saving money. To help you make reading an integral part of your child's education, MEFA hosts Start U.Reading — a series of literacy events where local celebrities team with favorite children's characters like Buzz Lightyear and Clifford the Big Red Dog to encourage kids to read.

Start U.Reading events are held at public libraries across Massachusetts. New locations are added regularly.

Upcoming Start U.Reading events

May 12, 2009 - Chelsea Boys & Girls Club, 3:00 p.m. with a magician
May 18, 2009 - Peabody Library, 10:30 a.m. with Clifford
May 19, 2009 - Topsfield Library, 10:30 a.m. with Buzz Lightyear
May 26, 2009 - Patriots Place, 11 a.m. with Dora the Explorer
June 2, 2009 - Greenfield Library, 11 a.m. with Elmo
July 7, 2009 - Southborough Library, 11 a.m. with Buzz Lightyear
July 21, 2009 - Hopkington Library, 11 a.m. with Buzz Lightyear
July 22, 2009 - Cary Memorial Library in Lexington, 10:30 a.m., with Buzz Lightyear
August 18, 2009 - Andover Library, 11 a.m. with Buzz Lightyear
September 12, 2009 - Chelmsford Library, 10:30 a.m. with Clifford
December 8, 2009 - Sherborn Library, 3:30 p.m. with Winnie the Pooh