MET plans fee-free until end of September

Sep 16, 2013

LANSING, MI (AP)--   People have about two weeks left in the current enrollment period to buy into Michigan's prepaid college tuition program. 

The Michigan Education Trust says it's waiving the $25 processing fee for enrollments completed online by September 30 to celebrate the 25th anniversary of the program known as MET.

MET plans let individuals and organizations pre-purchase credits toward future tuition at Michigan's public universities and community colleges, by locking in today's rates.

The MET plans refund the money if a student decides to attend a private or out-of-state school.

With MET, tuition payments are covered no matter how high tuition rises. Parents also can deduct their MET payments from their state taxes.

MET payments can be made in lump sums or spread over four, seven, 10 or 15 years.