Michigan Education Savings Program (MESP)

September is College Savings Month.

Get up to a $100 bonus when you open a new account!*

Open an MESP account between 9/7 and 9/25. Limited time offer.

Open an Account

Don't let the clock run out!

Get your bonus before the offer ends.

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Open a new account and get a $50 or $100 bonus.

Step OneStep One

Get $50

with a minimum deposit of $250:
Set up recurring contributions or payroll direct deposit of $25 or more per month for six consecutive months through 3/31/2023.

Step TwoStep Two

Get $100

with a minimum deposit of $500:
Set up recurring contributions or payroll direct deposit of $50 or more per month for six consecutive months through 3/31/2023.

Step ThreeStep Three

Receive the bonus!

After 6 months your $50 or $100 bonus will be deposited in your account on or before 5/15/2023.

*Click here for complete Terms and Conditions.

Tax benefits of an MESP account

State Tax Deduction

Qualify for a state tax deduction up to $10,000 if married filing jointly, ($5,000 filing single) for contributions made into an MESP account. Limitations apply.1

100% Tax-Deferred Growth

Any earnings grow tax-deferred. When you pay fewer taxes, you can earn more and grow your account faster.

Tax-Free Withdrawals

Withdraw tax free for all qualified education expenses at accredited universities, colleges or trade schools for tuition, room and board, books, computers and more.

Why an
MESP
account?

Your plan is financial aid friendly

Your 529 account is viewed as a parental asset for financial aid purposes and counts less against aid eligibility than the same funds held in your child’s name.2

Your child gets more opportunities

Savings can be applied to any accredited college or university across the country and abroad, as well as at trade schools, community college and technical institutions.

You have more control

You’re never locked in and can withdraw your funds for any reason at any time.3

You enjoy more flexibility

Funds in your child’s account are transferable to another eligible family member, which includes siblings, stepchildren, parents…even first cousins.

Ready to start their college savings?

The sooner you start, the more you may have for college.

Helpful college savings information is available via email or phone.