The U.Fund College Investing Plan

MEFA'sOpens in new window U.Fund, the Massachusetts 529 college investing plan, is a tax-advantaged college savings plan professionally managed by Fidelity. MEFA is a non-profit state authority that works to make higher education more accessible and affordable.

Tax advantages

Earnings
Any earnings grow federal income tax deferred
Withdrawals
Qualified withdrawals are free from both federal and Massachusetts state income taxes.

Account details

Minimum initial investment
$50, or $15/month ($45/quarter) with automatic investments
Account maximum
$350,000 per beneficiary
Portfolio investment strategy
Age-based:

Managed for you; asset allocation automatically becomes more conservative over time.

or
Custom:

You decide how investments are distributed across different portfolios.

Learn more about your investment options

Fees

Annual account maintenance fee
None
Investment expenses
Fees vary, depending on your investment strategy: 0.56%–1.03% (Fidelity Funds) 0.19%– 0.29% (Fidelity Index Funds) 1.05%–1.44% (Multi-Firm Funds) 0.05%–0.50% (Bank Deposit Portfolio)

Additional resources

Abra una Cuenta U.Fund

Descargue una Solicitud de Cuenta y un Paquete de Datos del Plan de Inversion para la Universidad de U.Fund

Ahorrar para la universidad (PDF)

Un folleto en Español con informacion sobre productos y soluciones de ahorrar para el futuro de su hijo.

Questions?

Call a college savings representative

800-544-2776
  • Need more info?

    Financial aid planning

    Learn more about how much you'll be expected to contribute to education expenses.

  • MEFAOpens in new window

    Get details on the state agency's education programs, college savings plans, and low-cost financing options.

The U.Fund College Investing Plan is offered by MEFA and managed by Fidelity Investments. If you or the designated beneficiary is not a Massachusetts resident, you may want to consider, before investing, whether your state or the designated beneficiary's home state offers its residents a plan with alternate state tax advantages or other benefits.

MEFA is a not-for-profit self-financing state authority that works to make higher education more accessible and affordable for students and families in Massachusetts through community education programs, college savings plans, and low-cost financing options.

Units of the portfolios are municipal securities and may be subject to market volatility and fluctuation.

Please carefully consider each plan's investment objectives, risks, charges, and expenses before investing. For this and othe information on any 529 college savings plan managed by Fidelity, contact Fidelity for a free Fact Kit, or view online. Read it carefully before you invest or send money.

Although the underlying deposits are eligible for FDIC insurance, subject to applicable federal deposit insurance limits, the Units of the Bank Deposit Portfolio are not insured or guaranteed by the FDIC or any other government agency. You are responsible for monitoring the total amount of your assets on deposit at the depository bank, including amounts held directly at the depository bank. All such deposits held in the same ownership capacity at the depository bank are subject to aggregation and to the current FDIC insurance coverage limitation of $250,000. Please see a 529 fact kit for more details.

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