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The Michigan Education Savings Program (MESP) is a 529 savings plan that is administered by the Michigan Department of Treasury. Michigan residents who contribute to this plan can deduct up to $5,000 (up to $10,000 for joint filers) from their state income tax each year. MI State Matching Grants based on MESP contributions are not currently ...
Michigan: Michigan Education Trust. The Michigan Education Trust is a 529 prepaid tuition program. Participants, including parents, grandparents or other family members, can use the MET to pay for ...
Additionally, the trust fund established by the state of Michigan was required to receive prepayments and be subject to income tax on earnings from the invested funds. [citation needed] The Michigan Education Trust (MET) entered into prepaid tuition contracts with Michigan's residents. An estimated 55,000 individuals signed up for the program.
The Michigan Education Trust had nearly $1.1 billion invested in 33,179 accounts, according to a report issued last September by the College Savings Plan Network, a division of the National ...
During this time, he conceptualized, and co-developed America's first pre-paid university tuition program (with State Treasurer Bob Bowman) – the Michigan Education Trust (MET). MET is based on an alumni-centered pre-paid tuition program offered at Duquesne University, Pittsburgh. He later served as MET President.
Drawings for 100 $15,000 prepaid tuition prizes will begin Sept. 12. Entries are due by Aug. 31.
The Michigan Office of Retirement Services (ORS) administers retirement programs for Michigan's state employees, public school employees, judges, state police, and National Guard. ORS also provides various retiree healthcare benefits, including traditional insurance plans, Personal Healthcare Funds, and Health Reimbursement Accounts.
Much of the extra funding is considered 'one-time' money coming from federal coronavirus relief funds and a short-term state budget surplus. Whitmer signs $22.2B budget for Michigan K-12 schools ...