You've been thinking about it, and now is the time to do it. The Michigan Education Trust (MET) is here to help make saving for college easier. Avoid rising tuition rates and save on college tuition by buying college credits at today's price with a MET 529 prepaid tuition savings program. To help families start saving earlier for their child's future education, we are returning to a discounted, age-based pricing structure for the first time in more than a decade. Switching to a discounted, age-based pricing structure--as opposed to charging one price across all ages--means families will realize significant savings the earlier they start saving with MET.
Enrollment is open through September 30, 2022.
MET is a 529 prepaid tuition savings program which allows you to pay for future higher education at today's price. MET is flexible, transferable and even refundable. MET is specific to tuition, it does not pay for room and board or books. Depending on the beneficiary's choices, MET provides:
Students have 15 academic years from their expected high school graduation year to use their MET.
MET goes where you go. Students may direct MET funds to Michigan private colleges, out-of-state schools or even trade schools.
Payments made are deductible on a purchaser's Michigan income tax form in the year they are made.
Your MET can be transferred to immediate family members, including siblings and cousins.
Here you will find the full MET contract which provides complete details regarding the program, payment options, pricing calculator and more.
Pay-As-You-Go is MET's most flexible payment option. Buy one credit to start your MET, after that you can add to it any time you like! Invite family and friends to contribute too. Click below to learn more about this option.
Want to learn more about MET? Click the button below to fill out the form. We will send you communications including MET news and events.
Want to meet with a MET staff member? Schedule a virtual one-on-one appointment today.
If you have an existing MET contract and have questions email us at TreasMET@Michigan.gov or call 800-638-4543.
