Portfolio | Estimated Underlying Fund and Management Expenses1 | Program Manager Fee2 | State Fee3 | Miscellaneous Fee4 | Total Annual Asset-Based Fee5 | Annual Account Maintenance Fee6 |
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MA Portfolio 2042 (Fidelity Funds) | 0.67% | 0.07% | 0.10% | N/A | 0.84% | N/A |
MA Portfolio 2039 (Fidelity Funds) | 0.64% | 0.07% | 0.10% | N/A | 0.81% | N/A |
MA Portfolio 2036 (Fidelity Funds) | 0.61% | 0.07% | 0.10% | N/A | 0.78% | N/A |
MA Portfolio 2033 (Fidelity Funds) | 0.58% | 0.07% | 0.10% | N/A | 0.75% | N/A |
MA Portfolio 2030 (Fidelity Funds) | 0.55% | 0.07% | 0.10% | N/A | 0.72% | N/A |
MA Portfolio 2027 (Fidelity Funds) | 0.50% | 0.07% | 0.10% | N/A | 0.67% | N/A |
MA Portfolio 2024 (Fidelity Funds) | 0.44% | 0.07% | 0.10% | N/A | 0.61% | N/A |
MA College Portfolio (Fidelity Funds) | 0.43% | 0.07% | 0.10% | N/A | 0.60% | N/A |
MA Aggressive Growth Portfolio (Fidelity Funds) | 0.78% | 0.07% | 0.10% | N/A | 0.95% | N/A |
MA Moderate Growth Portfolio (Fidelity Funds) | 0.67% | 0.07% | 0.10% | N/A | 0.84% | N/A |
MA Conservative Portfolio (Fidelity Funds) | 0.30% | 0.07% | 0.10% | N/A | 0.47% | N/A |
MA Money Market Portfolio* | 0.40% | 0.07% | 0.10% | N/A | 0.57% | N/A |
Tax advantages
The Massachusetts 529 plan offers federal tax benefits and in-state tax deductions as you save for a child's education.
Flexible use of funds
Use the funds for a wide range of college expenses at accredited schools nationwide—plus tuition expenses for K-12th grade, certain apprenticeship costs, and student loan repayments.1
Many investment choices
Choose either an Age-Based Strategy or a Custom Strategy based on your specific investment goals.
Why invest in a 529 college savings plan with Fidelity?
Friends and family can send gifts directly to your 529 with our free, online college gifting service. Gifters don't need a Fidelity account.
Fidelity Investments 529 College Rewards® Visa Signature® Card
Help to grow your college savings account with unlimited 2% cash back on every eligible net purchase.2
This tax-advantaged education savings account could help you hit your college savings goals. There's no annual account fee and no income restrictions.
The U.Fund College Investing Plan received Morningstar's 2024 Gold Rating.3
Read Morningstar's 529 industry report
Tax advantages |
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Earnings |
Any earnings grow federal and Massachusetts income tax-deferred. |
Contributions |
U.Fund plan account owners are eligible to claim a Massachusetts state income tax deduction for contributions to the U.Fund plan made in the applicable tax year. Single persons may claim up to a $1,000 deduction, and married persons filing jointly may claim up to a $2,000 state income tax deduction. |
Withdrawals |
Qualified withdrawals are free from both federal and Massachusetts income taxes. |
Account details |
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Account maximum |
$500,000 per beneficiary4 |
Investment expenses |
Fees vary, depending on your investment strategy:
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Plan performance |
View information on the funds' short-term performance, or average annual total returns by month or by quarter.
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Plan application & fact kit |
Download the application and supporting documents. |
About MEFA |
|
Who is MEFA? |
MEFA is a state administrator working with Fidelity Investments to offer the U.Fund. A state authority established in 1982 by the Massachusetts Legislature, MEFA's mission since its founding has been to help students and families access and afford higher education and reach financial goals through education programs, tax-advantaged savings plans, competitive-rate loans, and expert guidance. All of MEFA's work aligns with the ever-present goal to support the independence, growth, and success of students and families. For more information on MEFA, visit mefa.org/about. |
MEFA Education Loans |
MEFA offers competitive, fixed interest rate loans to help families pay for college, as well as an education refinancing loan designed to lower the monthly payment and interest rate for individuals repaying education loans. |
College planning guidance |
MEFA's free guidance is available to families in every phase of college planning and includes emails, articles, videos, a podcast, seminars, webinars, calculators, and timelines. Visit mefa.org to access all resources. |
BabySteps |
A program designed to encourage saving for college, BabySteps provides a $50 seed deposit into a U.Fund account for any child who is a MA resident and is born or adopted on or after January 1, 2020 (within one year of the birth or adoption). |
Consider these tips from Fidelity customers who found easy ways to ask their family and friends to consider gifting to their 529 on gift-giving occasions.
Learn more
Access a library of courses, articles, and videos to learn more about planning and saving for college.
Get started with college savings
Understand what it's like to have an account, from choosing a plan to withdrawing funds.
Anyone can use our college savings calculator to figure out how much to save each month. Login or become a member to create a personalized savings plan and track your progress.
Hablas Espanol
Ahorrar para la universidad (PDF)
Un folleto en Español con informacion sobre productos y soluciones de ahorrar para el futuro de su hijo.
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.
Get in touch
Contact us to get help and answers.
Questions?
800-544-2776