Michigan Education Savings Program (MESP)

Planning Tools

Compare Savings Options

Use this tool to do a side-by-side comparison of various college savings plan options.

There are many choices for you to consider when charting your loved one's course to higher education. The investment option you choose depends on how many years you have to save, your overall financial goals and your investment preferences.

This Comparison Tool is intended for informational purposes only. The data in this tool should not be relied on to make investment decisions. Consult your legal or tax professional for tax advice.

Click and drag the swap swap icon to reorder plan columns.

1Source: MISaves.com
2Source: investopedia.com/terms/c/coverdellesa.asp
3Source: irs.gov/pub/irs-pdf/p970.pdf
4Source: irs.gov/retirement-plans
5Source: treasurydirect.gov/indiv/planning/plan_education.htm
6Source: ISS Market Intelligence 529 College Savings Fee Analysis Q1 2022.
7Source: Withdrawals for tuition expenses at public, private or religious elementary, middle, or high school, registered apprenticeship programs, and student loans can be withdrawn free from federal taxes, however may be subject to state income tax. You should talk to a qualified advisor about how tax provisions affect your circumstances.
8Source: collegesavings.org

Neither TIAA-CREF Tuition Financing, Inc., nor its affiliates, are responsible for the content or accuracy found on external website links contained herein. This material is for informational or educational purposes only and does not constitute legal or estate planning advice. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Be sure to consult with your legal professional for details and advice.

Michigan taxpayers can reduce their state taxable income by up to $10,000 if married filing jointly ($5,000 filing single) from contributions made into a Michigan 529 college savings plan.