How States are Helping Families
Give the Gift of Education
Alisa Ferguson
Virginia529
Moderators:
Luke Minor
WA529
Diane Brewer
Executive Director, Michigan Education Trust
Michigan’s 529 Prepaid Tuition Program
MET Gifting
• MET offers purchasers three payment options:
– Lump sum payments, by 15 credit hour semesters, up to 10 semesters.
– Monthly purchase, by 15 credit hour semesters, structured payments over
4, 7, 10 or 15 years.
– Pay-As-You-Go, open a contract with the minimum purchase of one credit
hour, then make payments “at will” with minimum $25 contribution.
Purchasing credits, or fractions of credits at rate at time of contribution.
MET offers on-line certificates to acknowledge purchases:
Options
• Monthly purchase and Pay-As-You-Go contributions may be
made on-line or by a mailing check, only requires contract
number, however, does not track as a “gift.”
Lump Sum and Pay-As-You-Go
• Promote gifting in press releases and eblasts.
• Offer certificates on website to customize.
• Mail welcome cards on new contracts.
• Include business card size contribution cards with welcome card
and more upon request.
Business card size
Michigan Education Savings
Program (MESP)
• MET contracts with TIAA Tuition Financing, Inc. to manage the
states direct sold investment-based program, the Michigan
Education Savings Program (MESP).
• MESP gifting is done using the Ugift platform, allows account
owner to see gift amounts, allows MESP to track gifted amounts.
• Accepts mailed in checks.
• Provides certificate templates on website.
Terry Crockett
Marketing Manager, Virginia529
Gifting Methods
Terry Crockett, Marketing Manager
Three Easy Ways to Give
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Make a Direct Contribution Online
Print and Mail a Paper Gift Certificate
Purchase a Digital Gift Card
Print and Mail a Paper Certificate
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Print and Mail a Paper Certificate
Three Easy Ways to Give
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Make a Direct Contribution Online
Print and Mail a Paper Gift Certificate
Purchase a Digital Gift Card
Make a Direct Contribution
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Make a Direct Contribution
18
Make a Direct Contribution
19
Three Easy Ways to Give
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Make a Direct Contribution Online
Print and Mail a Paper Gift Certificate
Purchase a Digital Gift Card
Purchase a Digital Gift Card
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Purchase a Digital Gift Card
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Purchase a Digital Gift Card
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Toll-Free 1.888.567.0540
customerservi[email protected]
Virginia529.com
Call 1-888-567-0540 or visit Virginia529.com to obtain all program materials. Read them carefully before investing. An
investor should consider the investment objectives, risks, charges, and expenses of the programs before investing. For
non-Virginia residents: before investing, consider whether you or the beneficiary’s home state offers any state tax or
other state benefits such as financial aid, scholarship funds, and protections from creditors that are only available for
investments in that state’s qualified tuition program. © 2020 Virginia College Savings Plan. All Rights Reserved.
Facebook.com/VA529 @Virginia529
VA529
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Heather Birnie
Assistant Director, Pennsylvania Bureau of Savings Programs
Ugift
• An innovative way to invite family and friends to celebrate birthdays
and holidays with the gift of education savings.
• An easy-to-use service that allows gift contributions to a PA 529
account.
• In 2020, over 95,000 transactions for over $20.5 million in
contributions to PA 529 accounts.
PENNSYLVANIA TREASURY | BUREAU OF SAVINGS PROGRAMS
What the Account Owner Sees
PENNSYLVANIA TREASURY | BUREAU OF SAVINGS PROGRAMS
What the Account Owner Sees
PENNSYLVANIA TREASURY | BUREAU OF SAVINGS PROGRAMS
What the Gifter Sees
PENNSYLVANIA TREASURY | BUREAU OF SAVINGS PROGRAMS
What the Gifter Sees
PENNSYLVANIA TREASURY | BUREAU OF SAVINGS PROGRAMS
Marketing Pieces
PENNSYLVANIA TREASURY | BUREAU OF SAVINGS PROGRAMS
PENNSYLVANIA TREASURY | BUREAU OF SAVINGS PROGRAMS
Heather Birnie
717.772.5000 or hbirnie@patreasury.gov
Terry Crockett
804.225.2486 or tcrocket[email protected]
Diane Brewer
517.241.2781 or brewerd1@michigan.gov
Thank you!
