As tax refunds begin arriving in bank accounts across Michigan, the Michigan Education Trust (MET) is encouraging families to consider putting a portion of that refund toward one of the most meaningful long-term investments they can make — their child’s education.
For many families, a tax refund represents one of the largest lump-sum payments they receive all year, making it an ideal opportunity to start or add to a college savings plan.
MET is Michigan’s prepaid tuition savings program, allowing families to purchase future college tuition at today’s prices. Funds can be used at Michigan public
universities, community colleges and trade schools, as well as many private and out-of-state institutions.
“For many parents, a refund provides a unique opportunity to take a meaningful step toward their child’s future,” said Megan Patino, executive director of MET. Starting a prepaid tuition plan now can reduce financial stress later and help families feel more confident about what lies ahead.”
Opening a MET account is more accessible than many families realize after recently MET lowered its minimum contribution to just $25. Additional contributions can be made at any time in any amount $25 or more to help families meet their budget and goals.
MET is the state’s 529 prepaid tuition savings program that allows families to purchase future college tuition at today’s prices. MET contracts may be used at Michigan public universities and community colleges, and can also be applied toward private, out-of-state institutions and qualified trade schools nationwide. MET is administered by the State of Michigan Department of Treasury.
Families can learn more or open an account at www.michigan.gov/setwithmet.
For many families, a tax refund represents one of the largest lump-sum payments they receive all year, making it an ideal opportunity to start or add to a college savings plan.
MET is Michigan’s prepaid tuition savings program, allowing families to purchase future college tuition at today’s prices. Funds can be used at Michigan public
universities, community colleges and trade schools, as well as many private and out-of-state institutions.
“For many parents, a refund provides a unique opportunity to take a meaningful step toward their child’s future,” said Megan Patino, executive director of MET. Starting a prepaid tuition plan now can reduce financial stress later and help families feel more confident about what lies ahead.”
Opening a MET account is more accessible than many families realize after recently MET lowered its minimum contribution to just $25. Additional contributions can be made at any time in any amount $25 or more to help families meet their budget and goals.
MET is the state’s 529 prepaid tuition savings program that allows families to purchase future college tuition at today’s prices. MET contracts may be used at Michigan public universities and community colleges, and can also be applied toward private, out-of-state institutions and qualified trade schools nationwide. MET is administered by the State of Michigan Department of Treasury.
Families can learn more or open an account at www.michigan.gov/setwithmet.
