Full Benefits

Full Benefits

The Full Benefits Plan Contract provides:

  • In-state tuition and mandatory fees at any Michigan public university
  • Or in-district or out-of-district tuition and mandatory fees at Michigan public community colleges
  • Up to 15 credit hours for each semester purchased at the Beneficiary's Michigan public college or university
  • Individuals may purchase in credit hour increments up to 150 credit hours (using Pay-As-You-Go) or semester increments (lump sum/monthly payment up to 10 semesters (5 years))
  • If a student chooses to attend a Michigan independent (private) college, a refund can be directed to the college. The refund amount will be based on weighted average tuition of the Michigan public universities at the time the student requests the refund, but not less than the amount paid for the contract. The refund amount is available in a lump sum for payment.
  • If a student chooses to attend an out-of-state college or university, a refund can be directed to the college or university. The refund amount will be based on the average tuition of the Michigan public universities at the time the student requests the refund, but not less than the amount paid for the contract. Refunds are paid out over a four year period in equal installments.
  • If a student chooses not to attend college a refund can be directed to the refund designee as named in the contract. The refund amount will be based on the lowest of the Michigan public universities tuition rates at the tme of the refund request, but not less than the amount paid for the contract. Refunds are paid out over a four year period in equal installments.

Additional information is available in Frequently Asked Questions.