Published Online:

Michigan Tuition-Investment Plan Gets Favorable IRS Ruling

Article Tools
  • PrintPrinter-Friendly
  • EmailEmail Article
  • ReprintReprints
  • CommentsComments

WASHINGTON--A favorable ruling by the Internal Revenue Service has cleared the way for implementation of Michigan's tuition-prepayment plan, the state's governor disclosed at a Congressional hearing last week.

Under the ruling, Michigan parents who pay into a state trust fund to guarantee their children's tuition at a public college or university will incur no federal tax obligation on the investments, Gov. James J. Blanchard told the Senate Finance Committee.

Web Only

Commenting temporarily disabled due to scheduled maintenance. Check back soon.
Ground Rules for Posting
We encourage lively debate, but please be respectful of others. Profanity and personal attacks are prohibited. By commenting, you are agreeing to abide by our user agreement.
All comments are public.

Back to Top Back to Top

Most Popular Stories