SeedMA is a pilot program designed by the Office of the Treasurer and Receiver General of Massachusetts and the Massachusetts Educational Financing Authority (MEFA) to help families in eligible communities invest in their child’s post-high school education and training. The pilot program commenced in the Fall of 2016 and currently provides kindergarten students in the Worcester and Monson Public School Systems with an initial $50 deposit to establish a Massachusetts 529 college savings account (also known as the U.Fund College Investing Plan).
There are many ways to save money for college. Regardless of how you do so, putting aside money early and often is a great way to help your child pay for college costs. If you start setting aside $50 a month while your child is in kindergarten, your money may grow because of the interest you earn on your savings.