Ufund College Investing Plan Massachusetts 529 Savings Fidelity

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h1 U FUND College Investing Plan

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.

Go 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. 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.
Help to grow your college savings account with unlimited 2% cash back on every eligible net purchase.1
This tax-advantaged education savings account could help you hit your college savings goals. There's no annual account fee and no income restrictions.

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 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

Account maximum $500,000 per beneficiary2 Investment expenses Fees vary, depending on your :
(Fidelity Funds)
(Fidelity Index Funds)
(Fidelity Blend)
(Bank Deposit Portfolio) Plan performance on the funds' short-term performance, or average annual total returns by month or by quarter.

Plan application & fact kit Download the .

About MEFA

Who is MEFA? MEFA is a state administrator working with Fidelity Investments to offer the U.Fund. 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 . MEFA Education Loans MEFA offers to help families pay for college, as well as an 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, blog posts, videos, seminars, webinars, calculators, and timelines. Visit to access all resources. BabySteps A program designed to encourage saving for college, 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.
Already have a 529 account?

Learn more

Access a library of courses, articles, and videos to learn more about planning and saving for college. Understand what it's like to have an account, from choosing a plan to withdrawing funds. See if you're on track to meet your college savings goals.

Hablas Espanol

Un folleto en Español con informacion sobre productos y soluciones de ahorrar para el futuro de su hijo.
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 1. You will earn 2 Points per dollar in eligible net purchases (net purchases are purchases minus credits and returns) that you charge. Account must be open and in good standing to earn and redeem rewards and benefits. Upon approval, refer to your Program Rules for additional information. You may not redeem Reward Points, and you will immediately lose all of your Reward Points, if your Account is closed to future transactions (including, but not limited to, due to Program misuse, failure to pay, bankruptcy, or death). Reward Points will not expire as long as your Account remains open. Certain transactions are not eligible for Reward Points, including Advances (as defined in the Agreement, including wire transfers, travelers checks, money orders, foreign cash transactions, betting transactions, lottery tickets and ATM disbursements), convenience checks, balance transfers, unauthorized or fraudulent charges, overdraft advances, interest charges, fees, credit insurance charges, transactions to fund certain prepaid card products, U.S. Mint purchases, or transactions to purchase cash convertible items. The 2% cash back rewards value applies only to Points redeemed for a deposit into an eligible Fidelity account. The redemption value is different if you choose to redeem your Points for other rewards such as travel options, merchandise, gift cards, and/or statement credit. Other restrictions apply. Full details appear in the Program Rules new card customers receive with their card. Establishment or ownership of a Fidelity account or other relationship with Fidelity Investments is not required to obtain a card or to be eligible to use Points to obtain any rewards offered under the program other than Fidelity Rewards. 2. Contributions no longer can be made once the total value of all accounts for the same beneficiary in U.Fund meet the account maximum. The creditor and issuer of the Fidelity Investments 529 College Rewards Visa Signature Card is Elan Financial Services, pursuant to a license from Visa U.S.A. Inc. 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. MEFA, MEFA UFUND MASSACHUSETTS 529 PLAN and U. FUND are registered service marks of the Massachusetts Educational Financing Authority. 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. 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 beneficiary's home state offers its residents a plan with alternate state tax advantages or other state benefits such as financial aid, scholarship funds and protection from creditors. Units of the portfolios are municipal securities and may be subject to market volatility and fluctuation. Please carefully consider the plan's investment objectives, risks, charges, and expenses before investing. For this and other information on any 529 college savings plan managed by Fidelity, contact Fidelity for a free , or view one online. Read it carefully before you invest or send money. 618038.37.3

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U Fund College Investing Plan Fee and Expense Structure as of 1 3 2022 Fidelity Funds

U Fund College Investing Plan Fee and Expense Structure as of 1 3 2022 Fidelity Index Funds

U Fund College Investing Plan Fee and Expense Structure as of 1 3 2022 Blend

U Fund College Investing Plan Fee and Expense Structure as of 1 3 2022 Bank Deposit Portfolio

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