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The Michigan Education Trust (MET) was created on December 23, 1986 when then Governor James Blanchard signed into law Public Act 316 of 1986. The preamble of the law includes language declaring "it is an essential function of state government to encourage attendance at state institutions of higher education" and that "students in elementary and secondary schools tend to achieve a higher standard of performance when the payment of tuition for their higher education is secured" (Public Act 316 of 1986, Sec. 2).
The MET Charitable Tuition Program is a way for organizations to purchase from one to four years of college for a deserving individual in their community at a price that's discounted especially for this program.
Act 525 Of 2008 Fostering Futures Scholarship Trust Fund Section 722.1023 creates the Fostering Futures Scholarship Trust Fund, the mission of which is to provide scholarships to former foster youth enrolled at Michigan colleges and universities.
Assets and Contracts
Total Assets as of September 30, 2020 (at market value):
Total as of September 30, 2020:
Board of Directors
MS. RACHAEL EUBANKS, CHAIRPERSON , Ex Officio
MR. ROBERT A. BOWMAN, PRESIDENT , Pleasure of Governor
President & CEO, MLB Advanced Media, L.P.
DR. VIRINDER MOUDGIL, VICE PRESIDENT , Pleasure of Governor
President, Lawrence Technological University
MR. RONALD WISER , Nominated by Speaker of the House
Chairman, The Wiser Group
DR. PHILOMENA V. MANTELLA, Representing Four-Year Public Colleges & Universities
President, Grand Valley State University
DR. DALE K. NESBARY , Representing Community Colleges
President, Muskegon Community College
MR. MICHAEL FLYNN, Nominated by Senate Majority Leader
Treasurer of Shelby Township
MS. MADALENE DAY, Representing Members with Knowledge, Skill and Experience in the Academic Business or Financial Field
Senior Youth Fellow in Older Youth Services, Case Commons & Consultant, Maddy Day, LLC
MRS. MARLIN WILLIAMS, Representing General Public
Chief Program Officer, TechTown Detroit & Assistant Vice President of Economic Development, Wayne State University
Past reports available upon request. Please call 1-800-638-4543 or email TreasMET@Michigan.gov.
Read MET press releases, articles about MET posted in various newspapers and magazines, or browse articles for tips on saving for college.