Why a College Fund Should Be on Every Parent’s Registry

Why a College Fund Should Be on Every Parent’s Registry

Parenthood significantly changes our lifestyle. This change begins the minute the pregnancy test is positive, which puts us in total shock and happiness, and continues to the moment when the child heads off to university. As parents, we have invested nearly two decades of our time, money, and love into this young person. It’s easy to feel disoriented when suddenly our back seat is empty and our child is in a whole new place. At the beginning, the sense of loss can feel unbearable but, after some time we can proudly enjoy it.

I remember when my neighbor Emma sent her son Leo to college. She told me, “Finally, we’re empty nesters! Now it’s all about my marriage, friendships, work, hobbies, and passions! It’s about what we’re going to do with the rest of our lives.”

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How Michigan Launched a College Savings Program That Jump Started the 529 Plan Across America

How Michigan Launched a College Savings Program That Jump Started the 529 Plan Across America

If you’re a typical parent, it’s likely you’ve never heard of the Michigan Education Trust (MET) but it spearheaded the 529 plan movement. Proposed in 1986, this program was intended to “help parents guarantee their children the opportunity of a Michigan college education.” This new fund afforded parents the option to pay a nominal stipulated amount in return for the state agreeing to pay tuition at any Michigan public college.

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