Address: Michigan Education Trust
Michigan Department of Treasury
P.O. Box 30198
Lansing, Michigan 48909 View Map

Phone: 517-335-4767 or 800-MET-4-KID
Website:

About Us

Michigan Education Trust, Michigan's 529 Prepaid Tuition Plan
SAVING FOR COLLEGE IS SIMPLE WITH MET

Saving for college is simple if you've got Michigan Education Trust (MET). MET helps you save on college tuition by buying college credits at today's price. With MET you avoid rising tuition rates, which are expected to more than double over the next 10 years, plus, you can get your child started on a MET plan for as low as $14 a month.  Learn More >

CONTRACT ENROLLMENT

 

 

 

MET is a prepaid 529 college savings plan. MET helps you save on college tuition by buying college credits at today's price.

What is MET

MET is a 529 Prepaid Tuition Plan which allows for the pre-purchase of tuition based on today's rates and then paid out at the future cost when the beneficiary is in college. Performance is often based upon tuition inflation.

MET Presentation - 15-minute video and slide show


•  Peace of Mind for Parents
MET allows parents, grandparents, businesses and others to pre-purchase undergraduate tuition for a child residing in Michigan at any Michigan public university or college, including 28 public community colleges.

•  Portability - Out of State and Private Universities
Students may direct refund payments to any eligible university in the nation, both private and public.

•  Flexibility

  1. Students have 15 years to use tuition benefits.
  2. MET contracts may be purchased by semester, by year, or by credit hour.
  3. MET offers payment plans over four, seven, 10, and 15 years.
  4. Payroll deduction is offered through participating employers.
  5. Transferable

Benefits may be transferred to a sibling or first cousin in the event the student receives a full scholarship or does not attend college.

•  Refundable
In the event the student does not wish to attend college, monies are refunded.

•  Tax Deductible
Total contract price can be deducted from state income tax. Prepaid tuition earnings are tax-exempt when benefits are used for higher education.

MET's Obligation

Under the contract, MET will pay future tuition and mandatory fees without additional charge. MET pays in-state tuition at public four-year colleges and universities in Michigan or in-district tuition at public community colleges in Michigan.

See MET's contract booklet for complete details regarding the program, refundability, tax deductibility, transferability, and portability.

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