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| What is MET |
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MET Presentation - 25-minute video and slide show
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Peace of Mind for Parents
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MET allows parents, grandparents, businesses and others to pre-purchase
undergraduate tuition for a child residing in Michigan at any Michigan public
university or college, including 28 public community colleges.
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Portability - Out of State and Private Universities |
Students may direct refund payments to any eligible university in the nation,
both private and public.
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Flexibility |
Students have 15 years to use tuition benefits.
MET contracts may be purchased by semester or by year.
MET offers payment plans over four, seven, 10, and 15 years.
Payroll deduction is offered through participating employers.
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Transferable |
Benefits may be transferred to a sibling or first cousin in the event the
student receives a full scholarship or does not attend college.
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Refundable |
In the event the student does not wish to attend college, monies are refunded.
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Tax Deductible |
Total contract price can be deducted from state income tax. Prepaid tuition
earnings are tax-exempt when benefits are used for higher education.
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MET's Obligation |
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Under the contract, MET will pay future tuition
and mandatory fees without additional charge. MET pays in-state
tuition at public four-year colleges and universities in
Michigan or in-district tuition at public community colleges in
Michigan. See MET's contract booklet for
complete details regarding the program, refundability, tax
deductibility, transferability, and portability. |
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