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An educational trust is a trust where the money and/or property contained within go towards supporting someone's education, or to establish or finance schools.
MET is a 529 prepaid tuition savings program which allows you to pay for future higher education at today's price. MET is flexible, transferable and even refundable. MET is specific to tuition, it does not pay for room and board or books.
Using MET. Michigan Education Trust (MET) is a prepaid tuition program that pays tuition and mandatory fees only. If you expect your tuition to be paid by MET, you must notify MET by calling 1-800-638-4543. MET will then send Central Michigan University a roster of students attending a given semester.
With a trust, someone has to first create one. This person is the grantor. The grantor then transfers property into a trust, and a trustee then becomes responsible for managing anything in the trust. The trustee then distributes the property in the trust to a beneficiary, who will use it for his or her education.
The Education Trust?West is a nonprofit educational equity organization focused on educational justice and closing achievement and opportunity gaps from preschool through college through research, data, policy analysis, and advocacy.