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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.
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.
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.
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.
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.
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.
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.
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.
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.
Get on our mailing list and be the first to hear about events for BabySteps families.
Coming soon! In the meantime, you can order BabySteps materials free of charge from our Clearinghouse.