Michigan 529 Plan

Saving for College in Michigan

Michigan has two 529 plans to help families save for college.

Michigan Education Savings Program

This plan managed by TIAA-CREF offers 7 investment options for families to save for colelge.

Tax Benefits

  • You can enjoy a state tax deduction of up to $5,000 for single tax filers and $10,000 for joint tax filers.
  • All earnings are federal and state tax exempt.
  • You may be qualified for the state matching and benefits.

    How to enroll

    If you are interested in learning more or you enrolling you can go to www.misaves.com

    Michigan Education Trust

    This prepaid tution plan allows families to pay for future tutions at today's rates. Students can attend any college in the Michigan state and some out of state colleges as well.

    Tax Benefits

  • You can enjoy a state tax deduction of up to $5,000 for single tax filers and $10,000 for joint tax filers.
  • All earnings are federal and state tax exempt.
  • You may be qualified for the state matching and benefits.

    How to enroll

    If you are interested in learning more or you enrolling you can go to www.setwithmet.com