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[00:00:00] Hi everybody. Jonathan here from MEFA, and today we’re going to talk about saving for college and specifically one particular program that MEFA offers. It’s called the U Plan.

Since 1995, families in Massachusetts and around the country have been taking advantage of the U Plan’s unique benefits as part of their college financing plans. The U Plan is the Massachusetts prepaid tuition program. Prepaid programs offer the only direct way to guard against the rising costs of college, and the U Plan is one of the oldest and most well known in the country.

It’s a safe option. Your U Plan savings are not invested in the market like other savings plans, but rather in bonds that are backed by the Commonwealth of Massachusetts. By saving with the U Plan, you’re choosing an option that is not subject to the ups and downs of the market. Massachusetts [00:01:00] colleges are known around the world for their excellence.

Dozens of these public and private colleges and universities partner with the U plan. So if your child attends one of these colleges, the special benefits of the U plan gives you a big headstart on paying tuition. And if your student doesn’t end up attending one of these colleges, you still get your investment back, plus interest with no penalty.

All of this just scratches the surface of the U Plan program, and we’d like to talk to you more about it. If you’re interested, click on the link below to request a one-on-one appointment with me or one of my colleagues. Or call us at eight hundred four four nine MEFA or email us at college [email protected].

Thanks for watching.