The Michigan Education Trust, the state's 529 prepaid tuition program, received the Government Finance Officers Association's highest honor in financial reporting. The Certificate of Achievement for Excellence in Financial Reporting recognizes the trust's Annual Comprehensive Financial Report for the fiscal year ending September 30, 2025. This marks the third consecutive year MET has received the award.
An impartial panel reviewed the report and recognized it for clarity, completeness, and commitment to full disclosure. "Families can feel confident knowing that MET is not only helping them save for college but doing so with a strong commitment to transparency and accountability," said Megan Patino, executive director of MET.
MET allows families to lock in today's tuition rates at Michigan's public colleges and universities. The program offers state tax benefits and tax-free growth when used for qualified education expenses. Funds can be used at out-of-state and private schools or transferred to other family members if circumstances change.