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The earlier financial planning takes place the better. Michigan has two programs to assist families in this effort.
Michigan Education Trust (MET) is a prepaid tuition program that allows parents, grandparents, or others to pre-purchase undergraduate tuition and mandatory fees. For additional information about MET, call 1-800-MET-4-KID (1-800-638-4543) or visit the website at www.setwithmet.com.
Michigan Education Savings Program (MESP) is designed to assist families with preparing for higher education expenses. Parents and others can open an account for a child/beneficiary that can grow through regular contributions and through investment growth. Various investment options are available. For additional information about MESP, call 1-877-861-MESP (1-877-861-6377) or visit the website at www.misaves.com.
It Can Wait
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