What is the U.Plan? 
This 90-second video explains the U.Plan

The U.Plan is a prepaid college tuition plan that allows you to get a head start on paying for your child's college costs by locking in current rates for tuition and mandatory fees. A prepaid tuition plan is a safe alternative to traditional college savings plans, and has the potential to save you thousands on college tuition.

Get Started Saving in the U.Plan
This short video explains how to add funds to your U.Plan

Wondering how to start saving in the U.Plan Prepaid Tuition Program? In this instructional video, we walk you through each step of the process, including creating an online account, choosing your maturity years, and setting up monthly contributions. Get started today!

U.Plan FAQs

How does the MEFA U.Plan compare to a 529?

Read our comparison here.

Is there a minimum to open a U.Plan account?

You can open an account and begin the process of saving with any amount, but the minimum to purchase a U.Plan Tuition Certificate is $300. If you have at least $300 in your account at the time of the bond purchase in mid-July, your contributions will be used to purchase Tuition Certificates and will lock in that percentage of tuition and fees at each participating Massachusetts college and university. If you do not have $300 in your account at the time of the bond purchase, then your funds will remain in your money market account and will not be used to purchase U.Plan certificates that year.

Can I set up automatic contributions?

Yes, you can enroll in an automatic monthly deposit, or choose a different withdrawal schedule. This makes it easy to save in the U.Plan throughout the year.

What is a maturity year?

A maturity year is the year you'll be permitted to redeem your Tuition Certificate(s) for tuition and fees. Your maturity year(s) should be one or more of the years in which you expect your child to attend college. Use our Maturity Year Selection Guide to determine the appropriate maturity years for your U.Plan savings.

Are there strategies to apply when allocating my investment?

Please reference our blog post, U.Plan Investment Strategies, for guidance on selecting the maturity years for your investment.

How do I figure out what years my child will attend college?

You would need to estimate that based on your child's current age or grade. There is a Maturity Year Selection Guide and embedded in the online account setup to help you estimate on mefa.org. But use your discretion as this is only an estimate. Your child's date of birth and local school enrollment guidelines may factor in as to when your child enters Kindergarten.

Do I have to pick a school now?

No, you are not required to choose a college ahead of time. With the U.Plan, you don't have to choose a school until it's time for your child to attend college.

What if my child doesn't go to college or attends a school not in the program?

If a student does not attend a participating college or university, you have three options:

  1. You can wait and see if the student's plans change. Certificates are valid for six years after the maturity year.
  2. You can transfer the role of Beneficiary to another student within the family.
  3. You can cash out the funds. The owner will receive the funds that were invested in the plan plus interest calculated at the Consumer Price Index (CPI). There are no federal or Massachusetts tax consequences associated with cash-outs, but if you live outside Massachusetts, please consult the laws of your state of residence.
What if my child takes a gap year or graduates early?

Tuition Certificates are valid for six years after the maturity year. If your Tuition Certificate matures and your child has not yet started college, you can simply hold on to it and use it the following year. The certificate will retain its value from the previous year.

Since the U.Plan bonds don't become liquid until your chosen maturity year, accessing U.Plan money early is more difficult. We will work with customers to honor their request if possible but we cannot guarantee that customers can access their U.Plan funds before they mature.

When will I receive my 1099-DIV from the U.Plan?

The 1099-DIV from the U.Plan will be mailed out each year by January 31st, and will also be available to view at that time within your online account. The 1099-DIV reflects your earnings on any U.Plan savings invested in a money market mutual fund. MEFA will only mail a 1099-DIV if your earnings equal or exceed $10.

What schools participate in the U.Plan?

Over 70 public and private colleges and universities in Massachusetts participate in the U.Plan. At each of these schools, your savings will lock in a percentage (up to 100%!) of current tuition and mandatory fees. You can view the full list here.

How the U.Plan Works How the U.Plan Works
Why the U.Plan? Why the U.Plan?
Who is Eligible? Who is Eligible?
Get Started Get Started
Disclosures Disclosures

How the U.Plan Prepaid Tuition Program Works

Future college tuition at today's rates

The U.Plan allows you to save for your child's future college tuition at today's rates, protecting you from rising tuition costs.

Begin contributing money right away

To get started with a prepaid tuition plan, you can enroll and begin contributing money right away. On July 15th each year, your contributions from the last 12 months will be used to purchase Tuition Certificates that cover a percentage of tuition and mandatory fees at participating colleges and universities in Massachusetts. You'll lock in that percentage, which means even if the cost of tuition increases, your Tuition Certificates will still cover the same percentage. Beginning August 1st of each year, you can begin contributing again to your U.Plan account for your Tuition Certificates to be purchased the following July 15th.

Cost of Tuition and Mandatory Fees

 Let's say you contribute $1,500 to your U.Plan to cover 10% of a year of mandatory fees and tuition now at a given school ($15,000). If the tuition and mandatory fees increase to $25,000 over the life of your U.Plan, that Tuition Certificate will still cover 10%, or $2,500, of tuition and mandatory fees at that school, meaning you saved $1,000. That's a 67% return on your investment!

Over 70 participating Massachusetts colleges and universities

With the U.Plan, you aren't required to choose a college ahead of time! Over 70 colleges and universities in Massachusetts participate in the U.Plan, meaning you have plenty of options for your child's future education. Want a more in-depth look at the U.Plan? Check out our webinar HERE.

Why U.Plan Prepaid Tuition Program?

Safe prepaid college tuition

The U.Plan is one of the safest prepaid college tuition options to save for college. If your child doesn't attend a participating school, you get your money back with interest!*

Choose your child's college when they are ready

With the U.Plan, you don't have to choose a school until it's time for your child to go to college.

Tax Deduction

U.Plan contributions can qualify you for a state income tax deduction of up to $1,000 for single filers, and up to $2,000 for married persons filing jointly.


The U.Plan is flexible to meet your goals and budget. You can open an account with $0, and invest as little as $25 per month in order to save the $300 needed to purchase a Tuition Certificate each year and lock in a percentage of tuition and mandatory fee rates.

Parent Assets

Your U.Plan savings count as a parent asset in the financial aid formula, which assumes no more than 5.6% of parent assets can be used for college costs.
*Interest annually compounded according to the Consumer Price Index (CPI).

Who is eligible for the U.Plan Prepaid Tuition?

You can save for a child in a prepaid tuition plan from newborn up through 10th grade, and you don't have to be a Massachusetts resident to participate.

All prepaid tuition plan savers must be citizens or permanent residents of the United States.

Get Started

There are multiple ways to get started with the U.Plan.


    1. For existing U.Plan savers, click the "Sign Up" button below and select "Existing U.Plan Saver? Create an online account."

    2. If you are new to U.Plan, click the "Sign Up" button below and select "First-time U.Plan saver? Enroll now."

    3. By opening a U.Plan account online, you gain 24/7 access to your U.Plan information. You can also instantly add funds, set up automatic deposits, and request a disbursement.

Sign Up

Please note that you must use one of the following supported desktop browsers to create an online U.Plan account: Google Chrome – two latest versions; IE 11; Microsoft Edge; Safari for Mac – two latest versions (Safari for Windows is not supported).


Download the enrollment kit here.

Download Kit

After you start saving in the U.Plan, you will receive quarterly statements that will detail your contributions to your prepaid tuition plan.

Call us at (800) 449-6332 or email us at collegeplanning@mefa.org.