MEFA Blog

Learn if it's ever too late to open a 529 account, if you can use 529 funds for daycare expenses, how to save with multiple children, how you withdraw 529 funds, how grandparent 529 accounts work, and more.…

We compare the features of each, including taxes, tax benefits, contributions, investments, annual and maximum limits, and the impact on financial aid. …

This year activities include a live webinar with the Massachusetts State Treasurer, college savings webinars, and an ABLE webinar, as well as podcasts, videos, and blogs. …

Learn what does and does not trigger tax paperwork for the U.Plan, including distributions, interest earned prior to bond purchase, and accruing post-maturity interest. …

Learn about the tax consequences if 529 funds are used for an unqualified expense, what the exceptions to the penalty are, and how to redeposit 529 funds returned from a college. …

Learn how to select allocations for maturity years, how to choose a maturity year, and the difference between saving in one or multiple maturity years. …

The U.Fund offers flexibility, can be used for qualified education expenses, and is invested in the market. The U.Plan offers peace of mind, can be used for tuition and mandatory fees, and is invested in bonds. …

We explain why it is still important to save for college if you have the ability to do so, how the market has reacted in the past to similar situations, and other ways to save for college that are not subject to market fluctuation. …

The Act allows 529 distributions to pay back student loans and may give grandparents a new way to take advantage of their savings. …

84% of parents say they would welcome a contribution towards their child's college education over a traditional gift. However, only 33% of parents have actually mentioned this idea to their family and friends.…