Michigan Education Savings Program
Hey kiddo, let me tell you about the Michigan Education Savings Program. It's a special account that parents, grandparents, or anyone else can open up for a child to help save for their future education.
Think about it like a piggy bank, but for college or other kinds of learning after high school. You can put money into it whenever you want, and it will grow over time.
And the best part is that when it's time for the child to use the money for their education, they won't have to pay taxes on it! That means they'll have more money to pay for school and won't have to worry about owing anything extra to the government.
It's a smart idea for families who want to help their kids prepare for the future, so if you want to go to college someday, your parents can help you get there with the Michigan Education Savings Program.
Think about it like a piggy bank, but for college or other kinds of learning after high school. You can put money into it whenever you want, and it will grow over time.
And the best part is that when it's time for the child to use the money for their education, they won't have to pay taxes on it! That means they'll have more money to pay for school and won't have to worry about owing anything extra to the government.
It's a smart idea for families who want to help their kids prepare for the future, so if you want to go to college someday, your parents can help you get there with the Michigan Education Savings Program.