Cleary to host college savings plan day April 16

Posted: March 27, 2014

HOWELL, MI MARCH 2014—Cleary University and The Michigan Department of Treasury’s Section 529 college savings plans, Michigan Education Trust (MET) and Michigan Education Savings Program (MESP) are hosting a “College Savings Workshop” event on Wednesday, April 16th from 2-7 p.m. at the Cleary University Johnson Center Atrium located at 3750 Cleary Dr, Howell, MI 48843.

Cleary University, MET and MESP staff will be on hand to educate parents, grandparents and others about saving for college and the college admission and financial aid processes. College savings experts from the MET and MESP will provide the features and benefits of Michigan’s 529 college savings plans and the opportunity to purchase a MET contract and open a MESP account. Cleary University financial aid experts will be on hand to answer any questions or concerns parents or students may have regarding college admissions qualifications and completing the Free Application for Federal Student Aid (FAFSA).

“This is the perfect event for anyone who has any questions or concerns about college,” stated Robin Lott, executive director of MET. “We are assembling college experts who can help parents and guardians begin a college savings plan or learn about college admissions and financial aid.”

Additional activities planned during the event include:

  • A 45 minute presentation scheduled at 5:45 p.m. will cover MET, MESP and financial aid.
  • A 30 minute presentation will begin at 6:30 p.m. to cover financial aid and a pilot loan assistance program
  • Coloring station and art creation tables for kids
  • Appearances by the Clancy the Cougar, Whoodini and Hootie owl mascots
  • Photos with the mascots and the Cleary University graduation cap for children
  • Door and hourly raffle prizes including an iPad giveaway

About MET

MET is Michigan's Section 529 prepaid tuition program that locks future tuition at any of the State’s public universities and colleges, at today’s rates. The total contract price is eligible for a state tax deduction and earnings are tax exempt if used for qualified higher education expenses. MET contracts are portable to Michigan private and out-of-state colleges and universities and may be transferred to other eligible family members. More than 90 percent of high school graduates with MET contracts have attended a college or university.

About MESP

MESP is Michigan’s direct sold Section 529 college savings plan, which offers Michigan taxpayers a Michigan income tax deduction on contributions and potential tax-free growth on any earnings if account proceeds are used to pay for qualified higher education expenses. MESP can be used at any eligible college, university or trade school in the nation and some abroad. Qualified higher education expenses include tuition, fees, room, board, books, equipment and supplies required for enrollment.

About Cleary University

Cleary University (cleary.edu) is an independent, not-for-profit, multi-campus, specialized business university, committed to the betterment of society through the success of its alumni and their employers. Cleary serves as a role model of responsible business practice, embracing quality management principles, innovation and attentive customer focus. The mission of Cleary University is to provide a practical, application-based education, which equips students to advance their careers.

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