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Compare College Savings Options

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With average college costs continually on the rise, there's no better time to open an account than now.  



Compare college savings options using this tool:

 

 

 

 

Select any or all of these plans to compare:

Michigan Education Savings Program (MESP)
529 Plans General
Independent 529 Plan
529 State Prepaid Plans
Coverdell Education Savings Account (CESA or ESA)
Custodial Accounts (UGMA/UTMA)
Taxable Accounts
Traditional (Classic) IRA
Education Savings Bonds

Compare all plans


Select any or all of these features to compare:

Federal Tax Treatment
State Tax Treatment
Federal Tax on Non-Qualified Withdrawals
Fees Assessed
Qualified Expenses
Investment Control
Investment Options
Federal Estate Planning and Gift Tax Treatment
Contribution Limit
Investment Risk
Control of Account
Federal Financial Aid Impact
Income Restrictions

Compare all features


WE'RE HERE TO HELP

Do a one-on-one comparison or select all college savings options to view simultaneously.  

You can also view the full comparison chart here (PDF, 1MB).

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

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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.

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© 2008 TIAA-CREF Tuition Financing Inc.