Enrollment Materials

It's easy to open an account with the Michigan Education Savings Program (MESP). There are many ways to contribute and convenient ways to enroll. The minimum contribution is $25 via a personal check, electronic funds transfer, automatic contribution plan from your bank account, payroll deduction (if your employer allows) or through a transfer of funds from another qualified 529 college savings plan. The minimum contribution is $15 (per investment option, per beneficiary) when contributions are made using payroll deduction.

A Variety of Ways to Contribute  |  Two Easy Ways to Enroll

A Variety of Ways to Contribute

  • Mail a personal check
  • Set up an automatic contribution plan
  • Start payroll deduction if your employer allows
  • Electronic funds transfer (includiing electronic purchase option) – requires online access
  • Rollover from another 529 college savings plan*
  • Rollover from another college savings investment*

*Before doing a transfer or rollover from another account, be sure to consider the differences in features and costs, and possible tax consequences.

Two Easy Ways to Enroll

  1. Enroll online
  2. Enroll by mail

To open an account by mail:

  • Read the MESP enrollment brochure and Disclosure Booklet (PDF).
  • Select the Investment Option or Options that best suit your needs and risk tolerance.
  • Complete and sign the account application (individual, custodial, entity)
  • Enclose a check, made payable to the MIchigan Education Savings Program if you are making your contribution by personal check.
    Contributions are only permitted by personal checks, bank drafts, teller's (cashier's) checks, checks issued by a financial institution or brokerage account payable to the account owner and endorsed over to the Program by the account owner, and third-party personal checks up to $10,000 endorsed over to the Program by the account owner.
  • Mail all completed documentation to:

    Regular mail:
    Michigan Education Savings Program
    PO Box 55925
    Boston, MA 02205-5925

    Overnight mail:
    Michigan Education Savings Program
    30 Dan Road
    Canton, MA 02021-2809

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