529 PLANS

Massachusetts (MA) 529 College Savings Plans

Massachusetts has two programs available: the U.Fund College Investing Plan, a direct-sold 529 college savings plan managed by Fidelity Investments using Fidelity mutual funds, and the U.Plan Prepaid Tuition Program, offered by MEFA. The U.Plan is not a qualifying 529 plan but is nevertheless tax-free for federal and Massachusetts income tax purposes because participants are purchasing Massachusetts general obligation bonds. The bonds are redeemable to pay specified percentages of tuition and mandatory fees at 80 participating private and public Massachusetts colleges and universities, thereby keeping pace with tuition inflation at those institutions.

Read more about each Massachusetts program by following the links below.

Consumer Plans

U.Fund College Investing Plan

Massachusetts' U.Fund College Investing Plan, a Fidelity-managed 529 plan follows the same approach as other Fidelity plans in Arizona, Delaware and New Hampshire. It features three age-based options; one using Fidelity mutual funds; one using ...

Resident:
Non-Resident:

U.Plan

The Massachusetts U.Plan, not a true 529 plan, issues Massachusetts general obligation bonds (federal and MA state tax-free) which will be accepted at participating Massachusetts institutions in payment of tuition. ...

Resident:
Non-Resident:

State News

Other Popular Plans

  • Bright Start College Savings Program -- Direct-Sold Plan

    5 out of 5 Caps | Top Ten Plan

    OppenheimerFunds Inc. became program manager in July 2007. The Illinois Bright Start College Savings Program -- Direct-sold Plan features a choice of blended portfolios, which combine actively-managed and passively-managed underlying investments, and index portfolios. The blended portfolios are managed by OppenheimerFunds affiliates, Vanguard, and American Century. The index portfolios utilize Vanguard index funds and a money market fund managed by OppenheimerFunds.

  • NextGen College Investing Plan -- Client Direct Series

    5 out of 5 Caps | Top Ten Plan

    The Maine NextGen College Investing Plan -- Client Direct Series is available through Merrill Edge. The plan utilizes BlackRock (including iShares) funds in its age-based and static options. In addition, the Principal Plus Portfolio and the NextGen Savings Portfolio are available..

  • T. Rowe Price College Savings Plan

    4 out of 5 Caps | Top Ten Plan

    T. Rowe Price College Savings Plan, the nationally-branded version of Alaska's direct-sold 529 savings program mirrors the University of Alaska College Savings Plan but lacks the ACT Portfolio found in the UA program. The enrollment-based and static portfolios available in this program utilize T. Rowe Price mutual funds

 
page loadtime mark

Advertisement


close