Michigan’s 529 college savings plans to host free drop-in informational session at Troy Public Library

The Michigan Department of Treasury will travel to Oakland County during the first week in April to host a free community event as part of an informational road trip to bring awareness to college savings plans.
The event also brings with it some financial incentive.

Area families will have an opportunity to learn about saving for college during the free community informational session presented by the Michigan Department of Treasury’s Section 529 college savings plans from 3:30-7 p.m. Thursday, April 4, at the Troy Public Library, 510 W. Big Beaver Road.

Representatives from the Michigan Education Trust (MET) and Michigan Education Savings Program (MESP) will be on hand to discuss the features and benefits of each plan and offer general tips to educate parents, grandparents and others on saving for college.

Event attendees, who are encouraged to arrive at their convenience anytime between 3:30 p.m. and 7 p.m., will also have the opportunity to purchase a MET contract and open an MESP account on-site. MET will contribute $150 toward each new prepaid tuition contract purchased at the session.

“The prospect of saving for college can be daunting for parents as they work to balance all their immediate needs throughout the year. That’s why we’re providing a one-stop shopping event for families to easily gather information in a low-key, no-pressure environment,” said Diane Brewer, executive director of both 529 plans. “As college tuition and fees continue to rise, it’s more important than ever for parents to get as early a start as possible on building college savings for their children.”

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