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.

or call us at 800-544-2776

Who is MEFA?

MEFA, the Massachusetts Educational Financing Authority, is a not-for-profit self financing state authority, not reliant on state or federal appropriation. MEFA was created by the state legislature at the request of Massachusetts colleges and universities and provides community educational programs, college savings plans, and low-cost financing options. In its 30-year history, MEFA has assisted hundreds of thousands of families in financing a college education.

MEFA's mission

MEFA aims to make higher education more accessible and affordable for students and families in Massachusetts. 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 seminars in locations across Massachusetts to help you plan.

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).