HOUGHTON – Michigan
Governor Rick Snyder has appointed Michigan Tech President Glenn Mroz to the
board of the Michigan Education Trust.
MET is a
prepaid college tuition plan that enables families to pre-purchase tuition
based on today’s tuition rates. The plan then covers the future cost of tuition
when the child reaches college.
“Glenn
has a distinguished career in education and will be a tremendous asset to this
board,” Snyder said.
Mroz will
serve the remainder of a three-year term expiring Dec. 31, 2015. His
appointment is subject to the advice and consent of the Senate.
“It’s a
responsibility to help at the State level that I don’t take lightly,” said
Mroz. “The MET program holds funds, but most importantly, it holds a
promise for young Michiganders’ education. It’s an honor to be able to
help out.”
MET can be
used at any Michigan public university, college or community college. If a student chooses to attend a private or
out-of-state institution, the money in the MET plan can be refunded to that
institution.
Contributions
to a MET prepaid tuition plan are tax deductible.
