It's not just an education savings account

The Massachusetts 529 plan, MEFA's U.Fund College Investing Plan, is a tax-advantaged investment plan, professionally managed by Fidelity, to help reach your child's educational dreams.

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About MEFA?

MEFA is a not-for-profit public entity started 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, low-cost 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

Additional resources

Advantages of the U.Fund (PDF)

Read about the unique benefits of the U.Fund College Investing Plan, and how it may affect your college planning.

Find a seminar

MEFA offers a number of free seminars in locations across Massachusetts to help you plan for college.

MEFA education loans

MEFA's low-cost fixed interest rate loans can help your family pay for a college education.

Learn more

Learn about college planning

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.

529 funds can now be used for K-12 expenses

Learn how $10,000 per year can be applied toward tuition expenses for elementary, middle, and high schools (private, public, or religious).