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BabySteps - College Savings

Who is eligible to receive the $50 seed deposit?

To be eligible to receive the $50 seed deposit provided by BabySteps, a child must:

  • Be a Massachusetts resident.
  • Have been born or adopted less than one year ago.
  • Be included on an Adoption Verification Form. (Adopted children can be born before January 1, 2020, but the adoption must have taken place less than one year ago.) 
  • Be named the Beneficiary on a MEFA UFund 529 account within one year of birth or adoption.

Eligible MEFA UFund 529 Accounts will receive their free $50 deposit approximately six weeks after the account opening. The account creator has 30 days from account opening to opt out of the program if he or she does not want the $50 deposit. Families of children born or adopted over one year ago can open a MEFA U.Fund 529 account but are not eligible for the $50 seed deposit.

Click here for details.