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Michigan Education Savings Program reaches $3.5 billion in assets; lowers fees

(October 17, 2013) - The Michigan Education Savings Program, managed by TIAA-CREF Tuition Financing, Inc., has surpassed $3.5 billion in total assets, allowing management fees and administration fees to be decreased by 25 percent. The program management fee has been reduced to 0.06% from 0.08%, and will be reduced further if total assets reach $4 billion.

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