Celebrate National College Savings Month with a $100 bonus!*  Click here to learn more.

Build their future now with the Michigan Education Savings Program

A flexible and tax-advantaged way to save for college.

How our 529 Works

September is College Savings Month. Open a new account and get a $100 bonus!

"Back-to-school" will be "back-to-college" before you know it. Open a new MESP 529 account between 9/1/23 - 9/30/23 and receive up to a $100 bonus!

Learn More

Why the Michigan Education Savings Program (MESP)?

We offer a wide range of benefits that aim to meet your college savings needs—whatever they are and whenever they happen.

Explore Benefits

Unique tax advantages

100% tax-deferred growth and Michigan taxpayers can reduce their state taxable income by up to $10,000 per year.

Limitations apply.1

Flexible

Families can pay for a range of qualified educational expenses, withdraw money as needed and even transfer funds to eligible beneficiaries.2

Range of
investment options

Investment options to fit your life situation, risk tolerance and savings goals.

Low fees and expenses

MESP is among the lowest-cost 529 plans in the country, which can mean more money for college.3

A history of helping families meet their college savings goals

Established history

Helping Michigan families save for education for more than 20 years.

Trusted by thousands

Managing more than $6.6 billion in assets in more than 299,000 accounts as of 10/31/2022.4

College Savings Leader

More than 20,000 accounts opened yearly.

It takes only 15 minutes and $25 to start saving for college

Step 1

Learn and explore

Learn how the Michigan Education Savings Program works, its benefits and how the funds can be used.

How our 529 plan works

Step 2

Pick an option

Choose investment options that fit your needs and goals.

Investment options

Step 3

Start saving

Open your Michigan Education Savings Program account today and begin contributing to your child’s future.

More resources to explore

  • Schedule an appointment

    Schedule a free consultation with an MESP college savings specialist.

    Schedule now

  • Join a webinar

    Supplement your knowledge by attending a live webinar with an MESP specialist.

    RSVP for a session

  • Go with "GOLD"

    The Michigan Education Savings Program has retained the coveted GOLD rating by Morningstar.

    Review our rating