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FOR IMMEDIATE RELEASE
December 22, 2025
Contact: Ron Leix, Treasury, 517-335-2167
Year-end MET contributions made by Dec. 31
may qualify for 2025 Michigan tax benefits
LANSING — With just days remaining before the end of the year, the Michigan Education Trust (MET) is reminding Michigan residents that there is still time to make a meaningful investment in a child’s future college education and potentially qualify for valuable 2025 state tax benefits.
“Investing in your children’s education by buying them future college credits at today’s prices pays dividends in so many ways, and it’s a great way to get long-term benefits from your contributions,” said Diane Brewer, Executive Director of MET.
MET is Michigan’s 529 prepaid tuition savings plan, allowing families to purchase future tuition at today’s rates. While affordability and predictability remain the primary reasons families choose MET, the plan also offers important tax advantages. Withdrawals from MET are not taxed by the state or federal government when used for qualified higher education expenses.
Michigan residents who hold a MET contract may also claim a state income tax deduction for the total amount they contribute during the 2025 calendar year. Gift givers who contribute to someone else’s account are not eligible for the deduction unless they purchase a separate MET contract themselves with a child named as beneficiary.
Brewer emphasized that contributing to a child’s college education is not limited to parents.
“Grandparents, aunts, uncles and friends of the family — anyone — can open or contribute to a MET contract,” Brewer said. “For those also looking for end-of-year tax benefits, I can’t think of a better way to invest in the future of a child you cherish. Investing in MET for a child’s future education is a gift that will last forever.”
Contributions to an existing MET account can be made at any time during the year and are as simple as making any other online purchase. If a friend or relative already owns a MET contract, anyone can add to it using the contract number through MET’s secure online payment site. MET also offers gift declarations that allow contributors to print certificates recognizing their contributions — an option designed for holidays, birthdays, graduations and other milestones.
Families who miss the Dec. 31 deadline can still open or contribute to a MET account in the new year. While those contributions would apply to 2026 tax filings instead, the opportunity to prepurchase future college tuition at today’s prices remains available year-round.
Established in 1988, MET is the nation’s first 529 prepaid tuition plan and has helped tens of thousands of Michigan families prepare for college by locking in tomorrow’s tuition at today’s rates.
Families can learn more or open a MET account online.
About MET
MET is Michigan’s Section 529 prepaid tuition program, allowing parents, grandparents and others to purchase undergraduate tuition credits at today’s rates. MET is administered by the Michigan Department of Treasury.
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