MET Helps Make
the Most of College Tuition Savings
The Michigan
Education Trust (MET) opens a new, eight-month enrollment period on November 2,
2009. MET, the state's prepaid college tuition program, allows individuals and
organizations to pre-purchase credits toward future tuition at today's prices
for any of Michigan's public colleges and universities. The enrollment period
runs through June 30, 2010.
"Since it was
launched more than two decades ago, MET has been a convenient way to pay for
college for thousands of Michigan families," said Robin Lott, MET executive
director. "During uncertain times it is even more important to plan for a
brighter future. MET is a smart way to gain peace-of-mind in planning for your
child or grandchild's future education."
MET helps
make the most of saving for college by allowing individuals and organizations to
purchase tuition at today's rates. More than 17,500 students are currently using
their MET benefits at Michigan public colleges and universities, private
colleges, and out-of-state institutions.
Parents,
grandparents and others can purchase a MET contract for a Michigan child or
adult. MET offers three contract options: Full Benefits, Limited Benefits, and
Community College. Contracts can be purchased in semester increments and
convenient payment options are available. MET purchasers receive a state income
tax deduction for the total contract price, including enrollment fees.
MET also
offers its Charitable Tuition Program as a way for organizations to purchase one
to four years of college for a deserving individual or child at a special
discounted rate. Organizations can stretch their scholarship dollars with a MET
charitable tuition contract.
Since its
debut in 1988 as the nation's first prepaid tuition program, MET has sold more
than 91,000 contracts. Not only are MET contracts portable to Michigan private
and out-of-state colleges and universities, they may be transferred to other
eligible family members. More than 90 percent of high school graduates with MET
contracts have gone on to attend a college or university.
Visit
SETwithMET.com or call 1-800-MET-4-KID
(800-638-4543) for enrollment information.
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