Prepaid Tuition

By: AP
By: AP

LANSING, Mich. (AP) -- The Michigan House has voted to encourage nonprofit groups and others to buy into the state's prepaid college tuition program.
The legislation would let individuals, agencies and nonprofits get a tax deduction when buying Michigan Education Trust contracts -- without having to name a specific beneficiary.
And anyone setting up a Michigan Education Savings Program account could defer designating a beneficiary.
Backers say groups and municipalities wanting to buy tuition contracts were limited because a beneficiary must be named. The bill goes to the Senate, which has little time to act before the Legislature adjourns for the year.
With the MET program, parents know tuition payments are covered no matter how high tuition rises. is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, share your knowledge, and please suggest removal of comments that violate these standards. Comments may take up to 24 hours or longer to appear on the site.

See full commenting rules...
powered by Disqus
WILX 500 American Road Lansing, MI 48911 517-393-0110
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 35464944 -
Gray Television, Inc.