The BabySteps Savings Plan is Massachusetts’ first statewide seeded college savings account program, designed to empower families to plan and save for their children’s higher education. This program follows State Treasurer Deborah B. Goldberg’s college savings account pilot program (SeedMA) in Worcester and Monson.
With the launch of BabySteps, every child born or adopted after January 1, 2020 who is a Massachusetts resident, will be eligible* to receive a $50 seed deposit into his or her U.Fund account from the State Treasurer’s Office. Families simply need to open a U.Fund 529 College Investing Plan account to receive their funds. *within one year of birth or adoption