To help mark its 30th anniversary as the nation’s first prepaid tuition plan, the Michigan Education Trust (MET) announced today that it will award a total of $30,000 to 10 families in 2018 through its “How We MET” Sweepstakes.
Each month from January through September, MET will randomly award $3,000 Pay-As-You-Go prepaid tuition contracts to sweepstakes entrants, eventually awarding a total of $30,000 to 10 recipients.
“We’re proud that we’ve been able to help Michigan families reach their college-savings goals for 30 years,” said Robin Lott, MET’s executive director. “Our How We MET Sweepstakes are a fun way to celebrate that longevity while also putting other families on the road to achieving their higher education dreams.”
From January through August, MET will randomly select one $3,000 contract winner on the fourth Tuesday of each month, then announce the person’s name by the end of that month.
In September – in recognition of National College Savings Month – it will randomly draw two winners on Sept. 18 and announce them no later than Sept. 21.
The sweepstakes are open to Michigan residents 18 and older who will have children ages 0-17 as of Sept. 30, 2018. They can enter at MET4College.com.
MET’s Pay-As-You-Go option allows purchasers to buy prepaid tuition in credit hour increments rather than on a semester basis, which requires a greater upfront investment. Pay-As-You-Go contract holders can purchase additional prepaid tuition with contributions of as little as $25.
MET also sells contracts through lump sum and monthly purchase plans.
Beyond the sweepstakes, MET will stage a variety of anniversary activities under the “How We MET” banner throughout the year. The theme is meant to highlight the higher education journey thousands of families and students have taken during the past 30 years with MET’s assistance.
More information about MET is available at SETwithMET.com or 800-MET-4-KID.
Administered by the Michigan Department of Treasury, MET is Michigan’s Section 529 prepaid tuition program that locks future tuition at any of the state’s public universities and colleges at today’s rates. MET contracts are portable to out-of-state and Michigan private colleges and universities, may be transferred to other eligible family members and are refundable if the student does not attend college. More than 96 percent of high school graduates with MET contracts have attended a college or university.