Staff members at Worcester social service agencies met at MassEdCO on September 28 to receive training from the Massachusetts Treasurer's office on the new SeedMA program being piloted in Worcester.
SeedMA is a three-year pilot program designed by the Office of the Treasurer and Receiver General of Massachusetts and MEFA (Mass. Educational Financing Authority) to help Worcester families invest in their child’s post-high school education and training.
The program provides kindergarten students in the Worcester Public School System with an initial $50 deposit to establish a Massachusetts 529 college savings account (also known as the U.Fund College Investing Plan). The program, presently in the pilot stage, is open to every kindergarten student enrolled in the Worcester Public School System for the 2016-2017 school year. Eventually SeedMA will become available to every kindergarten student in Massachusetts.
Accounts through the SeedMA program are funded through the Office of the Treasurer and Receiver General of Massachusetts and are funded by the Economic Empowerment Trust Fund through public-private partnerships.
For more information, please visit www.SeedMA.org.