Saving for College

Saving for college has become one of the most important financial goals, like buying a home or saving for retirement. Start saving for your child’s future college education as soon as you can. Small contributions add up over time.

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.

Learn more about MESP and 529 plans:

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 a list of upcoming MESP webinars and register today.

NEW! Michigan Education Savings Program: Bright Futures Built in Michigan


  • What are 529 Plans?
  • College costs and considerations
  • How you can save with MESP
  • Advantages of MESP
  • Getting started with MESP
  • What happens next?

Date and time: Thursday, September 22 at 12 p.m. EST

Register for this live webinar. 

Schedule a Free Consultation

If you would like help or have additional questions, MESP offers free consultations with a college savings specialist. You can schedule a consultation to discuss your college savings goals and ask questions about the program. Request an appointment

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.