Important legal information about the email you will be sending. By using this service, you agree to input your real email address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an email. All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. The subject line of the email you send will be "Fidelity.com: "

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.

Open a 529 account

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.¹

Many investment choices

Choose either an Age-Based Strategy or a Custom Strategy based on your specific investment goals.

College gifting service

Friends and family can send gifts directly to your 529 with our free, online college gifting service. Gifters don't need a Fidelity account.

Fidelity Investments 529 College Rewards^® Visa Signature^® Card

Help to grow your college savings account with unlimited 2% cash back on every eligible net purchase.²

What is a 529 plan?

This tax-advantaged education savings account could help you hit your college savings goals. There's no annual account fee and no income restrictions.

The U.Fund College Investing Plan received Morningstar's 2024 Gold Rating.³

Read Morningstar's 529 industry report

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 beneficiary⁴
Investment expenses	Fees vary, depending on your investment strategy: 0.47%–0.95% (Fidelity Funds) 0.10%–0.14% (Fidelity Index Funds) 0.40%–0.60% (Fidelity Blend) 0.05%–0.50% (Bank Deposit Portfolio)
Plan performance	View information on the funds' short-term performance, or average annual total returns by month or by quarter. Download the annual report (PDF)
Plan application & fact kit	Download the application and supporting documents.
About MEFA
Who is MEFA?	MEFA is a state administrator working with Fidelity Investments to offer the U.Fund. A state authority established 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, competitive-rate 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.org/about.
MEFA Education Loans	MEFA offers competitive, fixed interest rate loans to help families pay for college, as well as an education refinancing loan 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, articles, videos, a podcast, seminars, webinars, calculators, and timelines. Visit mefa.org to access all resources.
BabySteps	A program designed to encourage saving for college, BabySteps 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.

Open a 529 account

Find out what you'll need before you open an account

How to open a U.Fund account

Watch our video

Already have a 529 account? Fund your accountLog In Required

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.

Are you on track?

Anyone can use our college savings calculator to figure out how much to save each month. Login or become a member to create a personalized savings planLog In Required and track your progress.

Ahorrar para la universidad (PDF)
Un folleto en Español con informacion sobre productos y soluciones de ahorrar para el futuro de su hijo.

Abra una Cuenta U.Fund
Descargue una Solicitud de Cuenta y un Paquete de Datos del Plan de Inversion para la Universidad de U.Fund.

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Portfolio	Estimated Underlying Fund and Management Expenses¹	Program Manager Fee²	State Fee³	Miscellaneous Fee⁴	Total Annual Asset-Based Fee⁵	Annual Account Maintenance Fee⁶
MA Portfolio 2042 (Fidelity Funds)	0.67%	0.07%	0.10%	N/A	0.84%	N/A
MA Portfolio 2039 (Fidelity Funds)	0.64%	0.07%	0.10%	N/A	0.81%	N/A
MA Portfolio 2036 (Fidelity Funds)	0.61%	0.07%	0.10%	N/A	0.78%	N/A
MA Portfolio 2033 (Fidelity Funds)	0.58%	0.07%	0.10%	N/A	0.75%	N/A
MA Portfolio 2030 (Fidelity Funds)	0.55%	0.07%	0.10%	N/A	0.72%	N/A
MA Portfolio 2027 (Fidelity Funds)	0.50%	0.07%	0.10%	N/A	0.67%	N/A
MA Portfolio 2024 (Fidelity Funds)	0.44%	0.07%	0.10%	N/A	0.61%	N/A
MA College Portfolio (Fidelity Funds)	0.43%	0.07%	0.10%	N/A	0.60%	N/A
MA Aggressive Growth Portfolio (Fidelity Funds)	0.78%	0.07%	0.10%	N/A	0.95%	N/A
MA Moderate Growth Portfolio (Fidelity Funds)	0.67%	0.07%	0.10%	N/A	0.84%	N/A
MA Conservative Portfolio (Fidelity Funds)	0.30%	0.07%	0.10%	N/A	0.47%	N/A
MA Money Market Portfolio*	0.40%	0.07%	0.10%	N/A	0.57%	N/A

Portfolio	Estimated Underlying Fund and Management Expenses¹	Program Manager Fee²	State Fee³	Miscellaneous Fee⁴	Total Annual Asset-Based Fee⁵	Annual Account Maintenance Fee⁶
MA Portfolio 2042 (Fidelity Index)	0.05%	0.045%	0.045%	N/A	0.14%	N/A
MA Portfolio 2039 (Fidelity Index)	0.05%	0.045%	0.045%	N/A	0.14%	N/A
MA Portfolio 2036 (Fidelity Index)	0.05%	0.045%	0.045%	N/A	0.14%	N/A
MA Portfolio 2033 (Fidelity Index)	0.05%	0.045%	0.045%	N/A	0.14%	N/A
MA Portfolio 2030 (Fidelity Index)	0.05%	0.045%	0.045%	N/A	0.14%	N/A
MA Portfolio 2027 (Fidelity Index)	0.05%	0.045%	0.045%	N/A	0.14%	N/A
MA Portfolio 2024 (Fidelity Index)	0.05%	0.045%	0.045%	N/A	0.14%	N/A
MA College Portfolio (Fidelity Index)	0.05%	0.045%	0.045%	N/A	0.14%	N/A
MA Aggressive Growth Portfolio (Fidelity Index)	0.04%	0.045%	0.045%	N/A	0.13%	N/A
MA Moderate Growth Portfolio (Fidelity Index)	0.05%	0.045%	0.045%	N/A	0.13%	N/A
MA Conservative Portfolio (Fidelity Index)	0.04%	0.045%	0.045%	N/A	0.13%	N/A
MA Intermediate Treasury Index Portfolio	0.01%	0.045%	0.045%	N/A	0.12%	N/A
International Index Portfolio	0.06%	0.045%	0.045%	N/A	0.14%	N/A
Fidelity 500 Index Portfolio	0.02%	0.045%	0.045%	N/A	0.11%	N/A
Total Market Index Portfolio	0.02%	0.045%	0.045%	N/A	0.10%	N/A

Portfolio	Estimated Underlying Fund and Management Expenses¹	Program Manager Fee²	State Fee³	Miscellaneous Fee⁴	Total Annual Asset-Based Fee⁵	Annual Account Maintenance Fee⁶
MA Portfolio 2042 (Blend)	0.48%	0.05%	0.07%	N/A	0.60%	N/A
MA Portfolio 2039 (Blend)	0.45%	0.05%	0.07%	N/A	0.57%	N/A
MA Portfolio 2036 ;(Blend)	0.43%	0.05%	0.07%	N/A	0.55%	N/A
MA Portfolio 2033 (Blend)	0.40%	0.05%	0.07%	N/A	0.52%	N/A
MA Portfolio 2030 (Blend)	0.37%	0.05%	0.07%	N/A	0.49%	N/A
MA Portfolio 2027 (Blend)	0.33%	0.05%	0.07%	N/A	0.45%	N/A
MA Portfolio 2024 (Blend)	0.29%	0.05%	0.07%	N/A	0.41%	N/A
MA College Portfolio (Blend)	0.28%	0.05%	0.07%	N/A	0.40%	N/A
MA Sustainable Multi-Asset	0.56%	0.05%	0.07%	N/A	0.68%	N/A

U.FUND College Investing Plan

Plan details

Investment options

FAQs

529 overview

Why invest in a 529 college savings plan with Fidelity?

Tax advantages

Account details

About MEFA

How to ask for gifts to a 529 account

Learn more

Hablas Espanol

Get in touch

U.Fund College Investing Plan Fee and Expense Structure as of 1/2/2024: Fidelity Funds

U.Fund College Investing Plan Fee and Expense Structure as of 1/2/2024: Fidelity Index Funds

U.Fund College Investing Plan Fee and Expense Structure as of 1/2/2024: Blend

U.Fund College Investing Plan Fee and Expense Structure as of 1/2/2024: Bank Deposit Portfolio

Mutual Funds and Mutual Fund Investing - Fidelity Investments

U.FUND College Investing Plan

Plan details

Investment options

FAQs

529 overview

Why invest in a 529 college savings plan with Fidelity?

Tax advantages

Account details

About MEFA

How to ask for gifts to a 529 account

Learn more

Hablas Espanol

Get in touch