Lake Orion mom wins $3,000 worth of MET prepaid college tuition

Lake Orion – A Lake Orion mother of two has won $3,000 worth of future college tuition to apply toward her children’s higher education in the Michigan Education Trust’s (MET) monthly “How We MET” Sweepstakes drawing.

Wendy Halverson was the winner of a $3,000 Pay-As-You-Go contract from MET, which is celebrating its 30th anniversary as the nation’s first prepaid tuition program by awarding a total of $30,000 to 10 families in 2018 through its How We MET Sweepstakes.

Halverson and husband Chris said the winnings will help fund the future college education of daughters Chloe, 15, and Kaelyn, 13, students in Lake Orion Community Schools.

MET, a Section 529 college savings program administered by the Michigan Department of Treasury, allows families to lock in future college tuition at today’s prices.

Each month this year, MET has randomly awarded $3,000 Pay-As-You-Go prepaid tuition contracts to sweepstakes entrants. On Sept. 18 – in recognition of National College Savings Month – it will conclude the sweepstakes by randomly drawing two winners, bringing the total awarded to $30,000.

The sweepstakes are open to Michigan residents 18 and older who will have children ages 0-17 as of Sept. 30, 2018. They can enter through Sept. 17 at MET4College.com.

MET’s Pay-As-You-Go option allows purchasers to buy prepaid tuition in credit hour increments rather than on a semester basis, which requires a greater upfront investment. Pay-As-You-Go contract holders can purchase additional prepaid tuition with contributions of as little as $25.

MET also sells contracts through lump sum and monthly purchase plans.

Beyond the sweepstakes, MET is staging a variety of anniversary activities under the “How We MET” banner throughout the year. The theme is meant to highlight the higher education journey thousands of families and students have taken during the past 30 years with MET’s assistance.

More information about MET is available at SETwithMET.com or 800-MET-4-KID.

About MET

Administered by the Michigan Department of Treasury, MET is Michigan’s Section 529 prepaid tuition program that locks future tuition at any of the state’s public universities and colleges at today’s rates. MET contracts are portable to out-of-state and Michigan private colleges and universities, may be transferred to other eligible family members and are refundable if the student does not attend college. More than 96 percent of high school graduates with MET contracts have attended a college or university.