Michigan Education Savings Program (MESP)

A Plan for Everyone:

When saving for your loved one’s higher education is as convenient and automatic as your retirement or healthcare deductions, saving is a lot easier.

College Savings Made Easy

On June 15th, 2020, Michigan Education Savings Program changed to a new administrative platform:

Any direct deposit contributions established under the old record keeper will be rejected and returned unless direct deposit contributions are re-established. Impacted account owners who contribute through payroll direct deposit should have received a letter containing instructions to update payroll instructions. If you did not receive this letter, please contact us at 1-877-861-6377.

Great news! The Michigan Education Savings Program (MESP) is available as an employee benefit. You are probably familiar with 401k or 403b plans for retirement, an MESP account is similar, but it’s used to save for higher education. With low fees, and tax advantages for Michigan residents, MESP makes saving affordable. (*Limitations apply.) Because contributions can be made directly from payroll with direct deposit, it’s simple, too.

It only takes about 15 minutes to enroll. So let's get started!


For so many families, the Michigan Education Savings Program (MESP) is a smart choice. Here are just a few reasons why:

  • State tax benefits
  • 100% tax-free growth potential
  • Financial aid friendly
  • Use at eligible schools anywhere in the US and some abroad

Plus, we are here to help every step of the way.


If you would like help or have additional questions, the Michigan Education Savings Program (MESP) offers free consultations with a college savings specialist. You can schedule an in-person consultation in our local offices in East Lansing, Southfield, Grand Rapids or Ann Arbor, a phone consultation or attend a webinar.


Set up your Michigan Education Savings Program account

  • Open a new account
  • Add Direct Deposit to an existing MESP account
    [ Skip to Step 2 ]
  • Rollover an existing 529 account from elsewhere

Tip: Be sure to select "Payroll Direct Deposit" as the method of funding your account in the "Initial Contribution" section of the New Account Application.


If you wish to fund your account by payroll direct deposit, you can do so by enrolling online.

  • Download our Payroll Direct Deposit Guide for everything you need to know about establishing payroll direct deposit with simple directions and tips for enrolling online or by mail
  • You may also set up recurring contributions from a bank account

Tip: The MESP Payroll Form must be processed by MESP before the first payroll contribution (may take up to 10 business days).

Need Employer Instructions? Other Questions?

College Savings Guide