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. …

Learn about Boston Saves, what makes them unique, how the program started, who they partner with, and how families engage with and respond to the program. …

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. …

Tips include watching the Saving for College webinar, reviewing the U.Fund and U.Plan details, opening a college savings account, using the College Planning Tool, and setting up automatic giving. …

Learn how Massachusetts families are reaching their savings goals, making college savings a priority, saving in 529s, and being affected by COVID-19. …

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. …

Learn what a tuition decease means for your lock-in, if it makes sense to invest if tuition has decreased, and how much your U.Plan earnings are worth if utilizing them when tuition has deceased. …

With the U.Plan, you can save all year long, there's a minimum, it's a safe investment, it's for undergraduate study, you don't have to decide on a school now, there are age restrictions, and there are tax incentives. …

When deciding which to prioritize, use tools to determine the cost of delaying saving for college and the interest you will save by prepaying your loan. …