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Massachusetts 529 Plan

Saving for College in Massachusetts

Through Massachusetts Educational Financing Authority, Massachusetts Govt. offers two college saving plans to help families save for college.

The U.Fund College Investing Plan

Managed by Fidelity Investments this plan offers 13 investment options for families to invest their college funds.

Tax Benefits of The U.Fund College Investing Plan

  • All earnings are free of federal and state income taxes when used for qualified educational expenses.
  • Plan particpiants can earn cash credits towards their college saving fund by getting a state sponsored credit card.

    How to Sign Up

    To learn more and sign up you can go to

    The U.Plan Prepaid Tuition Program

    Managed by Massachusetts Educational Financing Authority (MEFA), this plan allows families to pre-pay tution for colleges in Massachusetts. The money you put in thsi plan is guaranteed to cover a percentage of tuition up to 100% and mandatory fees in the year it matures, regardless of tuition inflation at over Massachusetts participating public and private colleges and universities.

    Tax Benefits of The U.Plan Prepaid Tuition Program

  • All earnings are free from the federal and state income taxes.

    How to Signup

    Annual Enrollment: May 1 through June 30.

    To learn more and sign up you can go to

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