Build their future now with the Michigan Education Savings Program

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

How our 529 Works

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