In this episode of Wealth is a Choice, host James Studinger sits down with Robin Lott, Executive Director of the Office of Postsecondary Financial Planning, to clear up the confusion surrounding Michigan’s three college savings plans—and to help families make confident, informed decisions about investing in education.

Robin explains the differences between the state’s options: one pre-paid tuition plan and two investment-based plans, addressing common questions about how these accounts work if a child attends school out of state, chooses not to pursue higher education, or ends up with funds left over. Together, James and Robin explore how Michigan’s programs compare nationally, including a look at how Michigan’s plans rank among the best in the country.

The discussion also highlights why some families miss out on Michigan’s valuable state tax benefits by investing elsewhere—and why Michigan’s plans deserve a closer look. Beyond college savings, Robin shares her passion for financial education and introduces listeners to a state website designed to help families find scholarships and additional resources for funding higher education.

This episode removes the mystery from college savings and empowers families to take full advantage of the exceptional tools available right here in Michigan.

🔑 Key Takeaways:

The key differences between Michigan’s three college savings plans

How to use these plans—even if your child studies out of state

What to do if your child doesn’t attend college or funds remain unused

Why Michigan’s plan ranks among the nation’s best

Resources available to help families find scholarships and financial guidance

Resources mentioned by Robin:

MI Money Matters | Reed City Area District Library

Michigan Reconnect

**Listen now and discover why “wealth is a choice”—and how to make it yours.**

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