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Michigan Education Trust
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What if my student receives a full scholarship?
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Answer:
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If a beneficiary receives a full tuition scholarship he or she may terminate the contract and the refund designee will receive a refund of the average tuition. A full scholarship must be: equivalent to the contract years purchased, for example, the student owns a 2-year contract and is awarded a 2-year scholarship; a 4-year tuition scholarship; a 2-year community college scholarship; or a 1-year scholarship renewable for four years.
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