The U.Fund College Investing Plan (MA)

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

Tax advantages

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 $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

Minimum initial investment

$50, or $15/month ($45/quarter) with automatic investments

Account maximum

$400,000 per beneficiary*

Investment options

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.

Plan performance

View annual returns, underlying funds, and portfolio allocations

Download the annual report (PDF)

Fees

Annual account maintenance fee

None

Investment expenses

Fees vary, depending on your investment strategy:
0.56%–1.04% (Fidelity Funds)
0.11%–0.21% (Fidelity Index Funds)
0.91%–1.20% (Multi-Firm Funds)
0.05%–0.50% (Bank Deposit Portfolio)

¿Hablas español?

Ahorros 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 Inversión para la Universidad de U.Fund