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Frequently Asked Questions - Financial Advisors

		Why should I discuss MESP with my clients? What are the investment options? What materials do you have available for me to use with my clients? Is there compensation available to brokers for selling MESP?

Why should I discuss MESP with my clients?
As a trusted advisor, your clients count on you for solid financial advice. After saving for retirement, planning for a child's college education is the next big financial challenge for many of your clients. MESP is federal and Michigan income tax-free for Michigan residents. Your clients may be eligible for a Michigan tax deduction, and MESP also offers estate and gift tax benefits.

What are the investment options?
MESP offers you a choice of seven investment options: Conservative Age-Based Allocation, Moderate Age-Based Allocation, Aggressive Age-Based Allocation, 100% Equity, 100% Fixed-Income, Balanced, and Principal Plus Interest Option (formerly the Guaranteed Option).

What materials do you have available for me to use with my clients?
We are ready to provide you with the materials you need to share MESP program information with your clients. If you would like to meet with an MESP Program Representative to discuss our program, arrange MESP seminars or webinars at your location, or obtain promotional materials, please call us at 1-877-861-MESP (1-877-861-6377). We're available Monday through Friday, 8:00 am - 10:00 pm Eastern Time.

Is there compensation available to brokers for selling MESP?
No, it is offered without commissions.

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Have a question you don't see listed? Need clarification?

Call us toll-free at
1-877-861-MESP
(1-877-861-6377)

We're available 8:00 am to 8:00 pm Eastern Time.

Don't forget you can set up an Automatic Contribution Plan (PDF, 157KB) or use Payroll Deduction (PDF, 60KB) for your contributions (if offered by your employer).

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Access our glossary for the meanings of terms used throughout this site.

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	Questions? Call 1-877-861-6377

	Michigan Education Trust

The tax information contained on the Michigan Education Savings Program (MESP) Web site is not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding tax penalties that may be imposed on the taxpayer. It was written to support the promotion of the products and services addressed in the Web site. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor.

Consider the investment objectives, risks, charges and expenses before investing in the Michigan Education Savings Program. Please call toll-free 1(877) 861-6377 for a Disclosure Booklet containing this information. Read it carefully.

Before investing in a 529 plan, you should consider whether the state you or your designated beneficiary reside in or have taxable income in has a 529 plan that offers favorable state income tax or other benefits that are only available if you invest in that state's 529 plan.

TIAA-CREF Individual & Institutional Services, LLC, distributes MESP. The State of Michigan, its agencies, TIAA-CREF Tuition Financing, Inc., Teachers Insurance and Annuity Association of America and its affiliates do not insure any account or guarantee its principal or investment return except for TIAA-CREF Life Insurance Company's guarantee to MESP under the funding agreement for the Principal Plus Interest Option. Account value will fluctuate based upon a number of factors, including general market conditions.

Investment management, program administration and distribution of The Michigan Education Trust (MET) program is provided solely by the Michigan Department of Treasury. MET is not managed by TIAA-CREF Tuition Financing, Inc. nor is it distributed by TIAA-CREF Individual & Institutional Services, LLC.

The MESP Web site contains links to other Web sites. Neither MESP nor TIAA-CREF Tuition Financing, Inc. and its affiliates are responsible for the content of those other Web sites. The accuracy of information on those sites cannot be confirmed.