Michigan Education Savings Program (MESP)

A Plan for Everyone:
Employees

When saving for your child’s college is as convenient and automatic as taking your retirement or healthcare deductions, saving is a lot easier.

You’re busy enough. Just getting the kids out the door in the morning is a monumental task. Saving for college shouldn’t be even more work. With the Michigan Education Savings Program (MESP), you can contribute to your child’s college savings account without adding anything else to your ‘to do’ list.

Saving for College Has Never Been So Easy

With MESP any earnings are tax deferred, so your account can grow faster. Since there’s no federal income tax when you make qualified withdrawals, you may have more to spend on education.

Once you set up the account, your employer can automatically deduct the contribution each pay period. With minimums as low as $15, saving doesn’t have to make a huge dent in your budget. And if you get that big raise, it’s simple to increase the deposit amount.

It’s a worry-free, simple, all-in-one option way to save big for higher education costs.

Ready to Open an Account?

Ask your employer if they support automatic payroll deduction for MESP. Already have an account? If your employer supports MESP, just download the direct deposit form to get set up automatic payroll deduction today.

Available Resources
NAME OF RESOURCE GET IT
Automatic Payroll Deduction Form
529 Enrollment Booklet
Open an Account
Request an appointment with a Representative
Automatic Payroll Deduction Form
529 Enrollment Booklet
Open an Account
Request an appointment with a Representative