Michigan Education Savings Program (MESP)

Support their dreams this season
with the gift of college savings.

A Michigan Education Savings Program (MESP) account is always a
smart gift for your loved one. Start with as little as $25!

Open a 529 Account

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 529 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 colleges 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.

Friends and family can easily contribute to the account using our Ugift® service.

Once your account is set up it's easy to use Ugift.

Receive a unique gift code dedicated to your account.

Invite friends and family using email, Facebook or Twitter.

Anyone can contribute electronically or by mail.

Ready to start their college savings?

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

Helpful college savings advice is available via email or phone.