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MEFA Blog

MEFA Blog

Keep up to date with the latest news about planning and financing a college education and preparing for your financial future, from experts here at MEFA and across the industry. Browse through our blog and use it as your very own college planning guide.

What to Do With COVID-19 Room and Board Refunds
If you used funds from a 529 account to pay for these expenses, the deadline to deposit these funds back into a 529 account without paying income taxes on the funds has been extended.…
By Jonathan Hughes    |
Saving for College in Uncertain Times
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. …
By Jonathan Hughes    |
The SECURE Act Expands Use of 529 Plans
The Act allows 529 distributions to pay back student loans and may give grandparents a new way to take advantage of their savings. …
By Jonathan Hughes    |
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.…
By Lisa Rooney    |
College Savings Accounts and Financial Aid
We answer frequently asked questions including does a student get ignored for financial aid if the family has a college savings account, how does a college savings account affect my eligibility for financial aid, will the financial aid amount change once the school learns of my college savings account, and what happens if my grandparents save for my college? …
By Meredith Barnhart    |
Tips include using a college savings account, starting small, involving your children in the process, taking advantage of gifting, setting up automatic deposits, and diversifying your investments. …
By MEFA     |
The Best Tools to Help You Save for College
Resources include The College Planning Tool, College Savings Calculator, College Savings Tips, Saving for College Webinar, and MEFA U.Fund 529 College Investing Plan …
By Lisa Rooney    |
All U.Plan savers now have the opportunity to manage their account online, where you can add to your savings, set up automatic deposits, request a disbursement, view your U.Plan Statement, open a new account for another Beneficiary, and change your address, phone number, email address, etc.…
By Lauren Patten    |
A mother of three discusses when she started saving for college, expecting her children to contribute toward college costs, talking to her children about helping save for college, and tips to help families save. …
By Meredith Barnhart    |
College Savings: How to Set It and Forget It
A new mother shares why she signed up for automatic monthly deposits into her U.Fund account, and teaches you how to do it too by adding your bank account information to your U.Fund, setting up automatic transfers, and determining the amount and transfer date. …
By Lisa Rooney    |
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