(Chelsea Update would like to thank Nicole Bell for the information in this story.)
Chelsea State Bank is hosting a complimentary event on Tuesday, July 15, from 6:30 – 7:30 p.m. at 305 S. Main St. to learn more about the Michigan Education Trust Plan and the Michigan Education Savings Plan, from experts.
The purpose of this event is to help families decide if either is a good fit for their children, grandchildren, nieces or nephews.
“Data shows us that ‘American college students and their families paid 48% of college costs out-of-pocket, equivalent to $13,760 per student for the 2023-2024 academic year,’” said Joanne Rau, president and CEO, Chelsea State Bank.
“Furthermore, data supports that ‘only 35% of families are using college savings programs,’. Learning about the different college savings plans and identifying which plan is best for your family should not be a master puzzle. We strongly feel that this is a conversation Chelsea State Bank can help facilitate, connecting families with available options, allowing them to choose which plan works best for their family’s financial goals.”
A representative from the Michigan Department of Treasury will be on site, facilitating the conversation by providing an informal presentation of their two plans.
Those interested in attending this complimentary event should register here: https://www.eventbrite.com/e/1355303281599?aff=oddtdtcreator.
About Chelsea State Bank
Chelsea State Bank is a full-service financial institution with offices in Chelsea, Dexter, and Jackson. The Bank was formed over 125 years ago by local business leaders to provide timely financial solutions to individuals, families, and businesses in the community. This tradition of community service continues today. For more information, please call 734.475.1355 or visit www.chelseastate.bank.
