Celebrate National 529 Day with up to a $100 bonus*
A college savings plan that can grow with them.
Open a new MESP account between 5/22/24-5/31/24 and receive a $50 or $100 bonus!
Don't let the clock run out!
Get your bonus before the offer ends.
30
days12
hours4
mins20
secondsOpen a new account and get a $50 or $100 bonus.
Get $50
with a minimum deposit of $500: Set up recurring contributions or payroll direct deposit of $50 or more per month through 11/30/24.
Get $100
with a minimum deposit of $1,000: Set up recurring contributions or payroll direct deposit of $100 or more per month through 11/30/24.
Receive the bonus!
After six months, your $50 or $100 bonus will be deposited in your account on or before 1/31/25.
*Click here for complete Terms and Conditions ↩.
Triple Tax Benefits of an MESP Account
Your contributions go further with MESP tax benefits.
State tax deduction
MI taxpayers may qualify for a state tax deduction up to $10,000 if married filing jointly ($5,000 single) for contributions made into an MESP account.
100% tax-deferred growth
Any earnings grow tax-deferred. When you pay less taxes, you may have the ability to earn more and grow your MESP account faster—giving your beneficiary an even bigger head start!
Tax-free withdrawals for qualified expenses
Withdraw tax-free for all qualified higher education expenses at any eligible college, university or trade school for tuition, room and board, books, computers and more.
Why an MESP account?
Your plan is financial aid friendly
Your 529 account is viewed as a parental asset for financial aid purposes and may count less against aid eligibility than the same funds held in your child's name.1
Your child has options
For MI taxpayers savings can be applied to any eligible college or university across the country and abroad, trade schools and even professional schools and graduate schools.
You have more control
You're never locked in and can withdraw your funds for any reason at any time.2
You enjoy more flexibility
Funds in your child's account are transferable to another eligible family member, which includes siblings, stepchildren, parents, even first cousins.
