The Michigan Education Trust prepaid tuition program offers several options to the Michigan family to lock in tuition at Michigan public institutions. What makes this program different than most is that contributions are irrevocable.
- Program typePrepaid contract
- Enrollment periodThe Enrollment Period to purchase MET contracts is December 1, 2020 - September 30, 2021.
- State agencyMET Board of Directors and Department of Treasury
- Tax deduction
- Program ManagerMET Board of Directors and the Department of Treasury
Investors in Michigan Education Trust can select from the following investment options. Click on a portfolio name for more information.
Sometimes referred to as the enrollment-based option, this is an investment approach where your asset allocation is programmed to change over time. Accounts for young beneficiaries are invested aggressively and accounts for beneficiaries with college right around the corner are invested much more conservatively. In some 529 plans, the age-based option operates by automatically transferring your investment from one static portfolio to another at certain points in time. Others utilize lifecycle funds or employ lifecycle-type tactics within the portfolio containing your investment so that it is not necessary to transfer your investment between portfolios.