Enrollment starts for Michigan prepaid tuition

LANSING (AP) - Michigan is opening the 2015 enrollment period for its prepaid college tuition program.

The Michigan Education Trust says enrollment started last week for the program that allows individuals and organizations to pre-purchase credits toward future tuition at Michigan's public universities and community colleges. Purchasers lock in today's rates and receive a state income tax deduction.

MET says prices for the 2015 enrollment have remained steady from 2014 due to strong investment returns and moderating tuition increases. More than 14,000 students are currently using MET benefits to attend college.

MET contracts can be purchased in semester increments and options include full benefits, limited benefits or community college. Payment plans start as low as $14 a month for parents purchasing contracts for newborn children.

Published: Tue, Dec 16, 2014