SET with MET
The cost of a credit hour is the price in effect for specified credit hour type (Full, Limited, Community College) at the time of purchase. Current prices (view the price charts or use the payment calculator) are as follows:
|Enrollment Period||May 1, 2019 - September 30, 2019|
|Full Benefits Contract||$612 per credit hour|
|Limited Benefits Contract||$493 per credit hour|
|Community College Contract||$119 per credit hour|
When purchasing the initial contract you must purchase a minimum of one credit hour in your plan of choice, although you can purchase any amount above the minimum. You may then continue to make payments at any time in minimum increments of $25. Pay-As-You-Go contracts must be completed 45 days before intended use.
For example if you choose the Limited Benefits plan and choose an initial payment of $1,000 you will have purchased 2.088 credit hours. Future payments will be added to this initial payment and the number of credit hours will be recalculated with each payment received.
Once a contract has been purchased additional payments can be made by:
MET, Bank Lock Box: Dept. 771368
P.O. Box 77000
Detroit, MI 48277-1368
Write MET contract number on memo line
Credit hour costs for each type of contract will be set each enrollment period to be effective on the first day of enrollment and are subject to change if a mid-year price change were deemed necessary by the MET Board of Directors.
For the enrollment period beginning December 1, 2018, there is no initial price increase from the previous year. There will be a three (3) percent price increase on May 1, 2019, for Full and Limited Benefits contracts and a seven (7) percent increase for Community College contracts. If you are purchasing a Pay-As-You-Go contract near the end of a pricing tier, please select the ACH payment option for your initial Pay-As-You-Go payment to ensure your payment is credited at the current credit hour rate. Any payments received after the pricing tier end date will be credited at the new credit hour rate.
Please review the Pay-As-You-Go FAQs for additional information.