In a short time Michigan children will be getting back to school, and after a yearlong struggle with COVID-19 related delays, there’s something Michigan families can start thinking about – saving for your child’s college tuition expenses. Now, rather than later!
The Michigan Education Trust (MET) program and Michigan Education Savings Plan (MESP) are flexible opportunities that lets parents buy college tuition at today’s rates, but can be used at a later date.
If your child was born in 2021, most likely he or she will walk onto a college campus in 2039. According to U.S. News, the current tuition fees for the 2020-2021 academic year at a private university are estimated around $40,000, and $26,000 at a public university.
Imagine what those rates will be like by the time a baby born today enters college.
Financially savvy and wise parents can consider easing those college expenses by joining one of Michigan’s 529 prepaid tuition plans.
Not sure where to begin?
There are many resources to help parents learn more about the these college savings plans.
Ongoing webinars and virtual options are offered to parents or family members who want to participate.
The Michigan Education Trust (MET) invites the public to attend its upcoming webinar at noon on Thursday, July 15.
Another webinar will be offered focusing on MET and MESP options at noon on Tuesday, July 20.
The final webinar opportunity at noon on Thursday, July 27, will discuss similarities and differences between MET and MESP programs.
Visit Event Brite to register for a webinar.
- Can’t attend one of these events? We would be happy to schedule a one-on-one appointment with you. If you are interested in scheduling a phone or virtual one-on-one appointment please email us at TreasMET@Michigan.gov.
