What exactly is #SeedMABaby anyway?
Here's the program behind the eye-catching hashtag.
The program may be to help people save for their children’s college one day, but when State Treasurer Deborah Goldberg announced SeedMA Baby — and its matching hashtag (#SeedMABaby) — on Tuesday, Twitter users couldn’t help themselves.
Massachusetts friends, please help me out by demonstrating how you use the phrase “seed ma baby” in a sentence. #seedmababy
— Gillian Mason (@gillianpmason) October 16, 2018
https://twitter.com/Tori_Bedford/status/1052262852134866944
I just met you and this is crazy
But here’s my number
So #SeedMABaby
.
(I’ll, um, see myself out) https://t.co/SuM8Gd1rQJ— Steve Koczela (@skoczela) October 16, 2018
https://twitter.com/PlunkettPrime/status/1052307742671728640
https://twitter.com/ProudBuoysUSA/status/1052353573034610688
Twitter jokes aside, through SeedMA Baby, every child born to or adopted by a Massachusetts resident starting on Jan. 1, 2020, will be eligible to have $50 placed into a 529 college savings account, according to a news release from Goldberg’s office.
The program was announced Tuesday morning during a press conference.
ANNOUNCING: SeedMA Baby, the first statewide college savings account (CSA) program in the Commonwealth, giving every baby born to an eligible family in Massachusetts the opportunity to begin saving for higher education from day one. #SeedMAbaby pic.twitter.com/4VnUxW04s4
— Deborah Goldberg (@MassTreasury) October 16, 2018
Starting in January 2020, all babies born to Massachusetts residents will receive a $50 deposit to open a 529 account through MEFA. This program is designed to empower families across the Commonwealth to plan and save for their child’s higher education from birth. #SeedMAbaby
— Deborah Goldberg (@MassTreasury) October 16, 2018
“Access to higher education is vital to the health of the Massachusetts economy,” Goldberg said in the release. “With the price of education increasing each year, we must ensure that individuals of every background and income level are equipped with the resources to finance their higher education and enter the workforce debt-free.”
Originally called SeedMA, Goldberg began the initiative in 2016 with focuses on certain communities.
https://twitter.com/MassTreasury/status/1052302003915948032
