Did you know that friends and family members can contribute directly to your college savings account? With more money in the account to invest and earn returns, your savings have the potential to grow faster to help you reach your savings goals.
What is College Gifting?
College gifting is simply giving a gift of education savings for the holidays or another special event. Contributing to a child’s college savings account is an easy and powerful way as a gift giver to make a lasting impact on a child’s life. Your gift can grow as the child gets closer to college age, and can help reduce the amount needed to borrow for college costs.
Want to learn more? Check out our resources 90 Seconds with MEFA: College Gifting and The MEFA Podcast episode, How to Increase Your Savings with College Gifting.
Set Up Online 529 Gifting in 4 Easy Steps
If you’re saving in a U.Fund, there’s an easy way to set up online gifting for your child. The resource allows friends and family members to simply follow a link and electronically deposit funds in your child’s 529.
Explore the Many Ways to Save
U.Plan Prepaid Tuition
A prepaid tuition program that offers tax advantages and lets you save for college while locking in today’s rates.
Learn more
U.Fund College Investing Plan
As the MA 529 college savings plan, this plan offers affordability, flexibility, and tax advantages.
Learn more
BabySteps Savings Plan
Your child might be eligible to receive a $50 seed deposit into a U.Fund 529 College Investing Plan account.
Learn more
Attainable® Savings Account
With an Attainable® savings account, individuals with disabilities can save for health and personal expenses in a tax-advantaged account offered MEFA and by managed by Fidelity Investments.
Learn more
College Planning Tool
Use MEFA’s College Planning Tool to create a personal college savings strategy for your family.
Use the tool
College Savings Calculator
This calculator can help estimate the total amount you’ll save for college based on your monthly savings plan.
Use the calculator
Contact Us
Reach out to our College Planning Team with your questions at (800) 449-6332 or [email protected].
Request an Appointment
Complete our online form to request a one-on-one appointment with a MEFA College Planning Team member.
