The Power of the U.Plan Prepaid Tuition Program
Learn how to lock in tomorrow's tuition at today's prices with the U.Plan, Massachusetts's prepaid tuition plan. This webinar covers the unique money-saving benefits of the U.Plan, teach you how to enroll and contribute, demonstrate how your savings will grow even if your child attends a college out of state, and explain how to use the plan to guard against the increase in tuition at dozens of public and private Massachusetts colleges and universities.
Learn about Tuition Break, a Program That Can Help You Lower College Costs
Did you know that New England residents can enroll at out-of-state public colleges at a discount? In this webinar, presented by Jonathan Gowin, Director of Tuition Break for the New England Board of Higher Education, learn more about Tuition Break, a savings program specifically for New England residents that can save families approximately $9,000 per year. Over 2,500 degree programs are available.
SAVE Repayment Plan
There’s a new income-driven repayment option, SAVE, available for federal student loans. The SAVE plan increases the amount of protected discretionary income, forgives any interest that accrues each month that is not covered by the calculated monthly payment amount, and, starting in July 2024, will decrease the percentage of the discretionary income in the calculation. Learn more about the SAVE plan in our blog post.
Making a Distribution from Your U.Plan Account
You can use the funds from your U.Plan Prepaid Tuition Program account to pay for tuition and mandatory fees at any one of the plan's participating colleges and universities in Massachusetts. Or you can cash out the funds to use elsewhere. This video walks you through the steps of how to access your savings when it comes time to pay the college bill.
Answering Your Questions about 529 Accounts and Financial Aid
Do 529 accounts owned by a grandparent affect financial aid? Do families receive less financial aid if they saved in a 529 account? Get the answers to these questions and others in our short video. And learn more in our blog post, College Savings Accounts and Financial Aid.
Saving for College
This webinar is for parents with children of all ages and describes information and resources that families can use to put a college savings plan in place. We answer questions such as: Why and how much should I save for college? When and how should I start? What is the best way to save? How will saving affect college financial aid? Watch to learn how to prepare best for college costs. Download the webinar slides to follow along.
Save Money on Community College with MassTransfer
Are you considering community college? It’s not too late to get in for Fall 2023! In this webinar, learn how you can use the free college and career planning website MEFA Pathway to find the perfect community college for you in Massachusetts. Learn how to save on the cost by using the MassTransfer program.
Using Your U.Plan Funds
This webinar is for individuals who have saved in the U.Plan and who are getting ready to use their funds. We address questions such as “How does the U.Plan affect financial aid?,” “When can I request my U.Plan funds and when will they be paid to the college?,” “How do I calculate the U.Plan payment?,” and more. There will also be information on the available options if your child isn’t attending a U.Plan participating college.
Answering Your Questions about the U.Plan Prepaid Tuition Program
The U.Plan Prepaid Tuition Program is one of the most powerful ways to save for college, but would-be savers sometimes have questions about how it works. So we’re providing an opportunity for one of our in-house U.Plan experts to answer all of your questions. Come prepared to ask anything you’ve ever wanted to know about Massachusetts’ prepaid tuition program. Leave with a keen understanding of how saving in the U.Plan can help your family make significant strides in preparing financially for college costs.
90 Seconds with MEFA: The U.Fund
As the Massachusetts 529 college savings plan, the U.Fund offers affordability, flexibility, and powerful tax advantages. MEFA's Associate Director of College Planning Jonathan Hughes explains how the U.Fund works, how the money is invested, and which expenses the funds cover.