Families Can Begin Saving With MET November 1, 2010
The Michigan Education Trust (MET)
opens its 2011 enrollment period on Monday, November 1, 2010. The new
enrollment period runs through June 30, 2011. MET is Michigan's prepaid
tuition program that allows individuals and organizations to pre-purchase
credits towards future tuition at any of the State's universities and
public colleges by locking in today's rates.
More than 17,500 students are
currently using MET benefits at Michigan public colleges and universities,
private colleges, and out-of-state institutions. Parents and guardians,
grandparents, other family members and friends can purchase a MET contract
for a Michigan student.
MET offers three contract options:
Full Benefits, Limited Benefits, and Community College. Contracts can be
purchased in semester increments with convenient payment options
available. MET purchasers receive a state income tax deduction for the
total contract price, including enrollment fees.
"MET continues to be one of the
smartest and safest investments to make for a child's education and
future," explains Robin Lott, MET executive director. "MET provides
peace-of-mind, a state tax deduction, and great flexibility."
MET also offers a 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.
Individuals now have the opportunity
to help an eligible foster care student attend college through MET's new
Charitable Tuition Program. Charitable donations will go toward providing
scholarships to foster care students at Michigan public colleges who meet
academic and/or need-based criteria established by the colleges. To make a
charitable donation complete and submit MET Charitable Tuition Program
Contribution form (Form Number 4654).
Since its debut in 1988 as the
nation's first prepaid tuition program, MET has sold more than 91,000
contracts. MET contracts are portable to Michigan private and out-of-state
colleges and universities and may be transferred to other eligible family
members. More than 90 percent of high school graduates with MET contracts
have attended a college or university. Visit
SETwithMET.com or call
1-800-MET-4-KID (800-638-4543) for enrollment information.
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