To be eligible to receive the $50 college savings seed deposit provided by BabySteps, a child must:
- Be a Massachusetts resident
- Be born or adopted on or after January 1, 2020
- Adopted children must complete the Adoption Verification Form
- Be named the Beneficiary on a U.Fund 529 College Investing Plan account within one year of birth or adoption
Families who checked the box on their Parent Worksheet for a birth certificate at the hospital must still open a U.Fund account to be eligible for the $50 deposit. Families who did not check the box are also still eligible for the $50 deposit.