The Michigan Education Trust (MET) prepaid tuition
program has introduced a blue and white owl mascot who will help cheer on the
smart way of saving for college. MET is also calling on all adults in the
state to participate in the "Name the MET Mascot Contest" for a chance to win
a tuition-free semester at any Michigan community college.
"We are excited to bring this fun, feathered friend on
board to help spread the word that MET is a wise way to take the guesswork out
of saving for college," said State Treasurer Robert J. Kleine. "While folks
are participating in the name the owl contest, I hope they will take time to
consider the importance of saving for a young person's college education. MET
remains one of the best ways to save because it locks in tomorrow's tuition at
today's rates."
Entries are being accepted through Aug. 31, 2010, at
MET's Web site SETwithMET.com.
Entrants must be legal Michigan residents age 18 years or older. A panel of
judges will score submissions based on creativity/originality and portrayal of
the MET college savings message.
MET allows families to lock in current tuition rates by
making up-front payments for credits to be used when their child enters
college, community college, or university. MET credits can be used at any
Michigan public institution, including 28 community colleges. MET contracts
are also portable to Michigan private and out-of-state colleges and
universities, and may be transferred to other eligible family members.
MET offers three contract options: Full Benefits,
Limited Benefits and Community College. Contracts can be purchased in
one-semester increments and convenient payment options are available. The
total MET contract price, including enrollment fees, qualifies for a Michigan
income tax deduction.
Since its debut in 1988 as the nation's first prepaid
tuition program, MET has sold more than 91,000 contracts. More than 90 percent
of high school graduates with MET contracts have gone on to attend a college
or university. Visit
SETwithMET.com or call 1-800-MET-4-KID (800-638-4543) for enrollment
information.
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