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Matching Grant

The State of Michigan may provide a matching grant (the "State Matching Grant") of $1.00 for each $3.00 of contributions made to the MESP account (up to a maximum State Matching Grant of $200 per eligible beneficiary).

The State Matching Grant is available only in the first year the beneficiary is enrolled in MESP, and only one account owner per beneficiary may apply for a State Matching Grant on behalf of a beneficiary. The application deadline date is September 30, 2008, or such later date as may be provided by Michigan law.

The following criteria must be met when the account is opened:

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.

Complete the Application to Receive State Matching Grant (PDF, 128KB) and return to:

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

Michigan Education Savings Program
30 Dan Road
Canton, MA 02021

Independent contributions by a 501(c)(3) organization that has received the approval of the Michigan Department of Treasury may be made into a Match Account if certain criteria are met. See the MESP Disclosure Booklet and Participation Agreements (PDF, 476KB) for additional information.

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HELPFUL HINTS

Read more about our plan's features:

Investment Options

Investment Performance

Learn why it's so important to start now.

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).

Learn how to transfer funds from another 529 College Savings Plan.

Check out our FAQ and read the MESP Disclosure Booklet and Participation Agreements (PDF, 476KB).

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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.