Enrollment Materials

1. Carefully read the MESP Disclosure Booklet and Participation Agreements (PDF, 565KB).
   
   
2. Select the investment option or mix of options that is right for you. You can invest by check, electronic funds transfer, automatic contribution plan, payroll deduction, or a transfer of funds from another state's qualified tuition program.
   
   
3. Complete and sign the Application. Select from the list below:
   
   Individual Account (PDF, 68KB) - Typically used by an individual (parent, grandparent, family member or friend)
   
   Entity Account (PDF, 112KB) - Use this form to open an Account for a trust, estate, or an IRC 501(c)(3) organization.
   
   Custodial Account (PDF, 84KB) - Use this form to open an Account under the Uniform Gifts to Minors Act (UGMA) or Uniform Transfers to Minors Act (UTMA).  Unlike other types of accounts, a custodial account owner is acting purely in a representative capacity for the minor beneficiary, who is the legal owner of the account.  Please read the Important Information about Custodial Accounts, contained in the Account Application for a Custodial Account, before opening this type of account.  You should also be aware that funds deposited into this type of account cannot be transferred or rolled over to another account owner or beneficiary.
   
   
4. Enclose a check, made payable to the Michigan Education Savings Program if you are making your contribution by check. Contributions are only permitted by personal checks, bank drafts, teller?s checks and checks issued by a financial institution or brokerage account payable to the Account Owner and endorsed over to the Program by the Account Owner, and third-party personal checks up to $10,000 endorsed over to the Program by the Account Owner.
   
   
5. If eligibility requirements are met for the Matching Grant, complete and sign the Application to Receive State Matching Grant (PDF, 128KB).
   
   
6. Return your completed and signed Account Application, the State Matching Grant Application, (PDF, 84 KB) if eligibility requirements are met, and your initial contribution if you are making it by check, or your completed Authorization for Automatic Payroll Deduction (PDF, 109KB) form, to:
   
   

   Michigan Education Savings Program P.O. Box 30361 Lansing, MI 48909-7861

• The beneficiary is 6 years old or younger.
• The beneficiary is a resident of Michigan.
• The beneficiary resides in a household with a family income of $80,000 or less.

Transfer Funds from Another 529 College Savings Plan
Already have a 529 college savings plan account with another state and want to move the assets to a MESP account? Complete the Rollover of Account Funds Form (PDF, 111KB) and return it to us along with your enrollment kit materials.

You are permitted to transfer funds from another 529 college savings plan to an account in MESP for the same beneficiary once within a 12-month period without incurring federal income tax. The 529 college savings plan from which you are transferring funds may be subject to differences in features, costs and surrender charges. You should consult with your tax advisor or the other 529 college savings plan. Amounts transferred from another 529 college savings plan are not eligible for the Michigan income tax deduction.