The Michigan Education Trust (MET) prepaid tuition program is calling on all adults in the state to enter to win a tuition-free semester at any Michigan public college or university. Michigan residents 18 years of age and older can enter to win a one-semester, Full Benefits MET contract. MET contracts are also portable to Michigan private and out-of-state institutions.
Entries are being accepted now through Aug. 31, 2010, at MET's Web site SETwithMET.com. MET will announce the winner of the random drawing during College Savings Month in September.
"This contest is a great way to remind families about the importance of planning now for future college expenses," said State Treasurer Robert J. Kleine. "We encourage people entering to win to take a moment to learn more about MET and the many benefits of pre-paying for college tuition. With MET, you get tomorrow's tuition at today's prices and take the guesswork out of saving for your child's future education."
No purchase is necessary to win the MET semester giveaway. The winner will have 60 days from notification to name a beneficiary. The beneficiary does not need to be related to the winner, but must be a Michigan resident and must not have four years of MET already purchased.
Since its debut in 1988 as the nation's first prepaid tuition program, MET has sold more than 91,000 contracts. Not only are MET contracts portable to Michigan private and out-of-state colleges and universities, they may be transferred to other eligible family members. Since 1988, more than 90 percent of high school graduates with MET contracts have gone on to attend a college or university.
Registrants can visit SETwithMET.com or call 1-800-MET-4-KID (800-638-4543) for all contest rules and more information about MET contracts.
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