Saving for College

Save for College with MESP

Saving for college has become one of the most important financial goals, like buying a home or saving for retirement. A 2018 survey conducted by the Michigan Education Trust found that while most Michigan parents view a college education as an investment in their child’s future, only about half are currently saving for higher education expenses. Read the full article.

In an effort to meet the needs of all residents, the state of Michigan offers both a pre-paid plan and college savings plans. Each option offers a State of Michigan income tax deduction and tax deferred earning potential, as well as tax free withdrawals when funds are used for qualified educational expenses.

The Michigan Education Savings Program direct sold 529 college savings plan is managed by TIAA, Tuition Financing Incorporated. MESP was established in 2000 and TIAA has been the plan manager since inception.  Visit MISaves to learn more.

National 529 Day

Did you know May 29th is recognized as National 529 Day? MESP will be offering a $50 bonus for new accounts established between May 24, 2022 and May 31, 2022. See flyer for more details

University of Michigan employees can attend a “529 Day” webinar with MESP and learn how to get started. Register today:

MESP Earns a Morningstar Analyst Gold Star Rating for Second Year in a Row

In an annual review (Oct. 26, 2021) of 62 of the largest 529 college savings plans, Morningstar, a leading provider of independent investment research, identified 32 plans that rose above their typical peers, awarding those plans Gold, Silver, and Bronze Morningstar Analyst Ratings for 2021. Three 529 college savings plans earned Gold ratings for low costs, strong stewardship, and exceptional investment options. For more information about Morningstar's overview of the Michigan Education Savings Program, view "The Top 529 College Plans of 2021" on the Morningstar website.

Past performance does not predict future results. A Morningstar Analyst Rating for a 529 college savings plan is not a credit or risk rating. Analyst ratings are subjective in nature and should not be used as the sole basis for investment decisions.

Learn More

2022 Live Webinars

Join MESP in a live webinar to learn more about the state of Michigan’s Direct-Sold 529 program. You can access the interactive session from your computer and interact with live presenters. RSVP today and instructions will be sent to you via email. View list of upcoming MESP webinars and register today.

Schedule a Phone Appointment

To schedule a free phone appointment with your dedicated Tuition Financing Consultant, Jennifer D. Uhlar, request an appointment.

Download a printable contact sheet.

Jennifer D. Uhlar, TIAA Tuition Financing Consultant
           Jennifer D. Uhlar
Tuition Financing Consultant, TIAA