College & Career

Massachusetts

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Summary

The Massachusetts U.Plan, not a true 529 plan, issues Massachusetts general obligation bonds (federal and MA state tax-free) which will be accepted at participating Massachusetts institutions in payment of tuition.

Program Details
  • Summary: The Massachusetts U.Plan, not a true 529 plan, issues Massachusetts general obligation bonds (federal and MA state tax-free) which will be accepted at participating Massachusetts institutions in payment of tuition.
  • Program type: Prepaid contract
  • Enrollment period: Typically May and June each year.
  • State residency requirements: None
  • Contract prices: Ranges from a minimum of $300 to as much as the cost of four years of tuition at the highest-cost participating institution.
  • Are program benefits backed by the full faith and credit of the state? Yes
  • Are program benefits collateralized or guaranteed in any other way? No
  • State tax deduction or credit for contributions: None.
  • Web site: Click here to visit
  • Telephone: 1-800-449-6332
  • Twitter Click here to visit
  • Facebook Click here to visit
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The information contained in this material and related materials ("Information") is based on information from sources believed to be accurate and reliable and every reasonable effort has been made to make the Information as complete and accurate as possible but such completeness and accuracy cannot and is not guaranteed. The reader and user of the Information should use the Information as a general guide and not as the ultimate source of information. The Information is not intended to include every possible bit of information regarding the Information but rather to complement and supplement information otherwise available and the reader and user should use the Information accordingly. The Information contains information about tax and other laws and these laws may change. The reader and user should realize that any investment involves risk and the assumptions and projections used in the Information may not be how the investments turn out. The reader and user should consult with their own tax, financial and legal advisors about all of the Information.

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