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What is the difference between MET and MESP?

The MET, or Michigan Education Trust, is a prepaid tuition plan. You pay for college credits at todays rates and your childs future classes are covered. The MESP, or Michigan Education Savings Plan, is an investment plan, similar to a 401k that you might have at work.

What can I use my MESP money for?

With MESP, you may use your funds to pay for certain room and board costs, supplies, text books, fees and equipment. Computers and related technology such as internet access fees, software or printers are also qualified education expenses.

How much is Michigan education Trust?

Registration Fee: $80.00. Central Student Government Fee: $7.19.

Is MESP same as Met?

Michigan Education Savings Plan Benefits from the MESP can be used for IRS-designated Qualified Higher Education expenses, including tuition, fees, books, supplies and equipment and certain room and board costs, whereas MET benefits can only be used for tuition and mandatory fees.

What can you use MESP money for?

With MESP, you may use your funds to pay for certain room and board costs, supplies, text books, fees and equipment. Computers and related technology such as internet access fees, software or printers are also qualified education expenses. The student must be the primary user of the equipment.

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