SET with MET
As Michigan’s most recent class of high school graduates mark their achievements this month, here’s something else worth celebrating: More than 96% of high school graduates with Michigan Education Trust contracts attend a college or university.
And while MET proceeds are applicable toward tuition at any out-of-state or private in-state institution, the bulk of MET beneficiaries end up attending a public four-year university or two-year community college in Michigan.
In fact, as the above maps show, at least one MET beneficiary in 2018 attended every public higher education institution in Michigan, from Gogebic Community College in the far western Upper Peninsula to Monroe County Community College in the Lower Peninsula’s southeast corner.
“While we’re proud to have representation at universities and colleges throughout the world – including many Ivy League institutions – we’re equally proud of our Michigan roots,” said MET Executive Director Robin Lott. “We are, after all, the Michigan Education Trust.”
There’s also meaning in the fact that nearly all MET beneficiaries wind up going to college, she said.
“Maybe it’s just the expectations set by families who purchase MET contracts, or it could be the simple fact that beneficiaries have the means to pay for tuition, but it’s clear that there’s a strong correlation between having a MET contract and attending college,” Lott said, adding that the MET-commissioned research found that the vast majority of Michigan parents view a college education as an investment in their children’s future.
“Graduation season is an opportune time for parents with children who are years away from attending college to reflect on whether they’re on track to meet their savings goals,” Lott said.
And if there’s a MET contract in their child’s name, there’s a great chance that someday, the student will wind up represented on a map like those here…