Enrollment deadline approaching for Michigan's prepaid college tuition program

Published On: Sep 15 2013 03:59:52 PM EDT
Updated On: Sep 15 2013 04:15:26 PM EDT
DETROIT -

People have about two weeks left in the current enrollment period to buy into Michigan's prepaid college tuition program.

The Michigan Education Trust says it's waiving the $25 processing fee for enrollments completed online by Sept. 30 to celebrate the 25th anniversary of the program known as MET.

MET plans let individuals and organizations pre-purchase credits toward future tuition at Michigan's public universities and community colleges, by locking in today's rates.

The MET plans refund the money if a student decides to attend a private or out-of-state school.

With MET, parents know tuition payments are covered no matter how high tuition rises. They also can deduct their MET payments from their state taxes. MET payments can be made in lump sums or spread over four, seven, 10 or 15 years.

Find more information on the program and enroll by visiting michigan.gov.

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