Saving for college is at the top of many financial planning lists.

The Michigan Education Savings 529 Program (MESP) can help you put away small contributions for large growth over time. MESP earnings are tax-deferred as they grow and may result in tax deductions for Michigan taxpayers. Then, when it’s time for college, MESP 529 withdrawals are 100% tax-free when used for qualified higher education expenses.  

Learn First Steps

Learn about the MESP 529 during a free, virtual College Savings Workshop Tuesday, May 27, at noon.

Topics will include:

• The potential benefits of using 529s
• Where can I use my MESP savings?
• How does the Michigan income tax deduction work?
• How do I get started?

View the MESP Workplace Savings flyer for details and registration information. 

The Benefits 

Some benefits of MESP include: 

• 100% tax-free growth for qualified withdrawals means more money for college
• Use at any accredited school in the U.S. or abroad
• Flexible investment choices 

Visit the MESP website to learn more.

MESP 529 college savings plans are managed through TIAA, Tuition Financing Incorporated. MESP was established in 2000, with TIAA as the plan manager since its inception.