Take the First Step

Save today for your child's tomorrow!

Every child born or adopted on or after January 1, 2020 who is a Massachusetts resident is eligible to receive a $50 seed deposit into a U.Fund 529 College Investing Plan account.

Open a U.Fund and receive $50

Why save for college with the BabySteps Savings Plan?

View transcript of BabySteps Savings Plan

Learn more about BabySteps

What is BabySteps?

We want to help set Massachusetts children on the right path. The BabySteps Savings Plan helps families invest in their child’s post-high school education and training.

Who is eligible?

Every child born or adopted on or after January 1, 2020 who is a Massachusetts resident is eligible to receive the $50 seed deposit provided by BabySteps. Families must open a U.Fund account and name the child as a beneficiary within one year of birth or adoption.

Still have questions?

Check out our FAQs to get your questions answered, from eligibility concerns to what the savings can be used for, to how to activate your account.

Attention Adoptive Families!

Adopted children can be a part of BabySteps, too!

Families with adopted children just need to fill out this easy form to be verified in order to receive the free $50 deposit. Any child adopted after January 1, 2020 is eligible, regardless of their age.

Tools to help you save

Financial Education Center

We know you face important financial decisions every day, and we are here to help! This self-guided program will equip you with the critical knowledge and skills you need to make the financial decisions that are best for you.

Saving for the future can grow wealth

Assets are things of financial value, like a savings account, a home, a college education, or investments, that can have impacts on many parts of your life.

Calculate how savings can increase over time

Use MEFA's savings calculator to learn how much you can save in total for your child's education, based on your regular monthly contribution. The earlier you start, the more money you'll have when it comes time to pay for your child's future education.

Get involved today!

Thank you to our partners

BabySteps Savings Plan is made possible with public-private partnerships through the Economic Empowerment Trust Fund. The founding sponsor of the program is the Hildreth Stewart Charitable Foundation, with additional funding support from MEFA.

Sign up for an event

Get on our mailing list and be the first to hear about events for BabySteps families.

Partner portal

Coming soon! In the meantime, you can order BabySteps materials free of charge from our Clearinghouse.

Contact us today!

empowerment@tre.state.ma.us