Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How is my U.Plan money invested?

invested money u.plan
0
Posted

How is my U.Plan money invested?

0

Each year that you put money into the U.Plan program, MEFA purchases a portion of a tax-exempt bond in that amount. Your portion of the bond is called a Tuition Certificate. This is a safe investment in which your principal is not at risk. Bonds mature slowly over time, gathering interest at the rate of inflation. The U.Plan account is set up so that the bond will mature when it is time to use U.Plan savings to pay for college.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123