Kids & Family
Ann Arbor family wins $3,000 worth of 529 prepaid college tuition
Prize is part of the state's prepaid tuition program's 30th anniversary celebration
An Ann Arbor father of two has won $3,000 worth of future college tuition in the Michigan Education Trust’s (MET) monthly “How We MET” Sweepstakes drawing.
Jingwo Lin, who has children ages 9 and 14, won a $3,000 Pay-As-You-Go contract from MET, which is celebrating its 30th anniversary as the nation’s first prepaid tuition program by awarding a total of $30,000 to 10 families in 2018 through its How We MET Sweepstakes.
Each month from January through September, MET is randomly awarding $3,000 Pay-As-You-Go prepaid tuition contracts to sweepstakes entrants, eventually awarding a total of $30,000 to 10 recipients.
Find out what's happening in Fentonfor free with the latest updates from Patch.
From January through August, it is randomly selecting one $3,000 contract winner on the fourth Tuesday of each month, then announcing the person’s name by the end of that month.
In September – in recognition of National College Savings Month – it will randomly draw two winners on Sept. 18 and announce them no later than Sept. 21.
Find out what's happening in Fentonfor free with the latest updates from Patch.
The sweepstakes are open to Michigan residents 18 and older who will have children ages 0-17 as of Sept. 30, 2018. They can enter at MET4College.com.
MET’s Pay-As-You-Go option allows purchasers to buy prepaid tuition in credit hour increments rather than on a semester basis, which requires a greater upfront investment. Pay-As-You-Go contract holders can purchase additional prepaid tuition with contributions of as little as $25.
MET also sells contracts through lump sum and monthly purchase plans.
Beyond the sweepstakes, MET will stage a variety of anniversary activities under the “How We MET” banner throughout the year. The theme is meant to highlight the higher education journey thousands of families and students have taken during the past 30 years with MET’s assistance.
More information about MET is available at SETwithMET.com or 800-MET-4-KID.
About MET
Administered by the Michigan Department of Treasury, 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. MET contracts are portable to out-of-state and Michigan private colleges and universities, may be transferred to other eligible family members and are refundable if the student does not attend college. More than 96 percent of high school graduates with MET contracts have attended a college or university.
