LANSING – State Representative Marie Donigan (D-Royal Oak) announced that the next four-month period of enrollment for the Michigan Education Trust (MET) begins today and will run through July 31. The program allows individuals to lock in current tuition rates for the future for Michigan colleges and universities.
"As Michigan competes in the 21st century global economy, it is imperative for our children to have access to the education and skills that will ensure success in the future," Donigan said. "This program is an excellent opportunity for parents to provide for their children's education and set them up with the tools they will need for college."
The MET allows for families to invest in their children's future financial ability to attend a Michigan institution of higher education. By investing a fixed amount today, a "nest egg" is created that grows in value during the years between the initial investment and the individual's admission to college.
The contracts can be bought per semester for up to eight semesters and there are several payment options available. The MET program offers three different contracts that offer a variety of benefits and plans.
"There is no greater resource than our kids, and their education is essential to securing the good-paying jobs of the future," Donigan said. "As tuition costs rise, MET gives parents the chance to avoid higher costs down the line and start planning now for their children's future."
Started in 1998, the MET has sold more than 82,000 contracts and has assets close to $1 billion. For more information regarding the MET, please visit www.michigan.gov/setwithmet.