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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.

Student in dorm room
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    |
Father reviewing paperwork with daughter
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    |
man using laptop
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    |
Man using laptop to learn about 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 Clement    |
How We Save for College: Tips from MEFA Team Members
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, MEFA's U.Fund 529 College Investing Plan, and MEFA's U.Plan Prepaid Tuition Program…
By Lisa Rooney    |
Mother and daughter sitting on stairs talking about saving for college
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 Clement    |
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    |
How to Set Up Online 529 Gifting in 4 Easy Steps!
Steps including logging into Fidelity.com, signing up for College Gifting, uploading a greeting, photo, and display name for your child, and sharing the link with friends and family for direct access to the gifting page. …
By Lisa Rooney    |
Saving for college is always a good idea. But now there's an opportunity to benefit even more from setting aside funds to pay for your son or daughter's higher education costs.…
By Meredith Clement    |
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