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The U.Plan
As the Massachusetts prepaid tuition program, the U.Plan offers a way to save for college while protecting yourself from rising costs by locking in today's tuition and mandatory fee costs at a network of colleges and universities in Massachusetts. MEFA's Associate Director of College Planning Jonathan Hughes explains how the U.Plan works, how the money is invested, and how you can get started saving for college today!
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.
College Gifting
Did you know that friends and family members can contribute directly to your college savings account? With more money in the account to invest and earn returns, your savings have the potential to grow faster to help you reach your goals. MEFA's Associate Director of College Planning Jonathan Hughes explains how you can set up gifting for the U.Fund College Investing Plan and the U.Plan Prepaid Tuition Program.
Why Save for College?
Even if you understand the importance of saving for college, it can be challenging to start the process. And many people fear that if they can't pay for all of college with savings, it's not worth it to try. MEFA's Associate Director of College Planning Jonathan Hughes explains why saving is important, how the cost of college might not be as high as you think, how savings can reduce the need to borrow, and why saving for college sends a message to a child.
What is a 529 Plan?
Any way that you can save for college is a good way, but 529 plans were specifically created to save for college and have tax advantages. MEFA's Associate Director of College Planning Jonathan Hughes explains how to set up a 529 account, how the money is invested, where the funds can be used, and which expenses the funds cover.
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.
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.
Set Up Automatic Deposits for Your MEFA U.Plan Account
In this video tutorial, you'll be walked through the steps of setting up automatic deposits for the MEFA U.Plan Prepaid Tuition Program. If you're already saving in the MEFA U.Plan, setting up automatic deposits means you don’t have to worry about remembering to make a contribution.
El ahorro para la universidad, presentado en español
Este seminario web, presentado en español por Carmen Pineda, de MassEdCO, es para padres de niños de todas las edades, y explica información y recursos que las familias pueden utilizar para iniciar un plan de ahorro para la universidad.
What is a U.Plan Maturity Year?
A maturity year is a year you’ll be able to use your U.Plan savings to pay for college. You can select multiple maturity years to reflect the multiple years your child will be in college.