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.  Read More

The Gift Parents Want for Their Children: College 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. Read More

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?  Read More

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.  Read More

U.Fund 529 College Investing Plan named ‘best-in-class’

U.Fund 529 College Investing Plan named ‘best-in-class’ Morningstar Analyst Rating upgraded to Silver for 2019; new features improve experience for college savers BOSTON [October 31, 2019] – MEFA is proud… Read More

Don’t Miss These 10 Financial Aid FAQs

Topics include completing financial aid applications, getting an FSA ID, who requires the CSS Profile, applying for financial aid without a Social Security number, who should complete the financial aid applications, the affect of 529 accounts on financial aid, the financial aid timeline, EFC Calculators, and helpful websites.  Read More

A College Savings Guide for Families

Roadmap For Their Future features tips including asking “What do you want to be when you grow up?” at different ages, starting a “What I Want To Be” book, creating an achievement board to celebrate areas of success, taking children to college events, and teaching your child about budgeting. Read More

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Categories include Saving for College, Planning for College, College Admissions, Financial Aid, Scholarships, Paying for College, and College Life.

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