Contract Price Charts lUMP SUM PURCHASE PlAN

34
Contract
Price
Charts
Contract Price
Charts
Prices
effective May
December
10, 2014
through
September30,
30,2016.
2015.
Prices
effective
1, 2016
through
September
(1 Semester equals) 15 credit hours)
lUMP SUM PURCHASE PlAN
Contract Type (Age as of 12/1/15/Grade as of Fall 2015)
Cost/Lump Sum.
1 Sem. (1/2 yr)
Cost/Lump Sum
2 Sem. (1 yr)
Cost/Lump Sum
3 Sem. (1 1/2 yrs)
Cost/Lump Sum
4 Sem. (2 yrs)
Cost/Lump Sum
5 Sem. (2 1/2 yrs)
Cost/Lump Sum
6 Sem. (3 yrs)
Cost/Lump Sum
7 Sem. (3 1/2 yrs)
Cost/Lump Sum
8 Sem. (4 yrs)
Full Benefits (Newborn to Adult)
$8,735
$17,470
$26,205
$34,940
$43,675
$52,410
$61,145
$69,880
Limited Benefits (Newborn to Adult)
$7,037
$14,074
$21,111
$28,148
$35,185
$42,222
$49,259
$56,296
Community College Benefits (Newborn to Adult)
$1,628
$3,256
$4,884
$6,512
Cost/Monthly
3 Sem. (1 1/2 yrs)
Cost/Monthly
4 Sem. (2 yrs)
Cost/Monthly
5 Sem. (2 1/2 yrs)
Cost/Monthly
6 Sem. (3 yrs)
Cost/Monthly
7 Sem. (3 1/2 yrs)
Cost/Monthly
8 Sem. (4 yrs)
$1,254
4 YEAR MONTHlY PURCHASE PlAN (48 MONTHS)
Contract Type (Age as of 12/1/15/Grade as of Fall 2015)
Cost/Monthly
1 Sem. (1/2 yr)
Cost/Monthly
2 Sem. (1 yr)
Full Benefits (Newborn to 8th Grade)
$209
$418
$627
$836
$1,045
Limited Benefits (Newborn to 8th Grade)
$167
$334
$501
$668
$835
Community College Benefits (Newborn to 8th Grade)
$40
$80
$120
$160
$1,002
$1,463
$1,672
$1,169
$1,336
2016 Contract
7 YEAR MONTHlY PURCHASE PlAN (84 MONTHS)
Cost/Monthly
1 Sem. (1/2 yr)
Cost/Monthly
2 Sem. (1 yr)
Cost/Monthly
3 Sem. (1 1/2 yrs)
Cost/Monthly
4 Sem. (2 yrs)
Cost/Monthly
5 Sem. (2 1/2 yrs)
Cost/Monthly
6 Sem. (3 yrs)
Cost/Monthly
7 Sem. (3 1/2 yrs)
Cost/Monthly
8 Sem. (4 yrs)
Full Benefits (Newborn to 5th Grade)
$132
$264
$396
$528
$660
$792
$924
$1,056
Limited Benefits (Newborn to 5th Grade)
$107
$214
$321
$428
$535
$642
$749
$856
Community College Benefits (Newborn to 5th Grade)
$23
$46
$69
$92
Cost/Monthly
2 Sem. (1 yr)
Cost/Monthly
3 Sem. (1 1/2 yrs)
Cost/Monthly
4 Sem. (2 yrs)
Cost/Monthly
5 Sem. (2 1/2 yrs)
Cost/Monthly
6 Sem. (3 yrs)
Cost/Monthly
7 Sem. (3 1/2 yrs)
Cost/Monthly
8 Sem. (4 yrs)
$101
$202
$303
$404
$505
$606
$707
$808
Limited Benefits (Newborn to 2nd Grade)
$82
$164
$246
$328
$410
$492
$574
$656
Community College Benefits (Newborn to 2nd Grade)
$18
$36
$54
$72
Cost/Monthly
3 Sem. (1 1/2 yrs)
Cost/Monthly
4 Sem. (2 yrs)
Cost/Monthly
5 Sem. (2 1/2 yrs)
Cost/Monthly
6 Sem. (3 yrs)
Cost/Monthly
7 Sem. (3 1/2 yrs)
Cost/Monthly
8 Sem. (4 yrs)
Contract Type (Age as of 12/1/15/Grade as of Fall 2015)
10 YEAR MONTHlY PURCHASE PlAN (120 MONTHS)
Contract Type (Age as of 12/1/15/Grade as of Fall 2015)
Full Benefits (Newborn to 2nd Grade)
Cost/Monthly
1 Sem. (1/2 yr)
15 YEAR Monthly PURCHASE PlAN (180 MONTHS)
Contract Type (Age as of 12/1/15)
Cost/Monthly
1 Sem. (1/2 yr)
Cost/Monthly
2 Sem. (1 yr)
Full Benefits (Newborn to Age 3)
$79
$158
$237
$316
$395
$474
$553
$632
Limited Benefits (Newborn to Age 3)
$63
$126
$189
$252
$315
$378
$441
$504
Community College Benefits (Newborn to Age 3)
$14
$28
$42
$56
Monthly purchase contracts must be completely paid before the beneficiary is expected to enter college. Four-year monthly purchase plans can be purchased for beneficiaries in grades 8 and below; Seven-year monthly purchase plans
can
be purchased
for beneficiaries
grades 5paid
and before
below;the
Ten-year
monthly
purchase
planscollege.
can be purchased
for beneficiaries
grades
below; and
Fifteen-yearinmonthly
purchase
plans
can be purchased
for beneficiaries
Monthly
purchase contracts
must be in
completely
beneficiary
is expected
to enter
Four-year monthly
purchase in
plans
can 2
beand
purchased
for beneficiaries
grades 8
and below;
Seven-year
monthly purchase
plans canage 3
years
and below.
Monthly purchase
include
7.01 monthly
percentpurchase
rate of return,
therefore
the total
amount paidinwill
be more
paidFifteen-year
by lump sum.
be purchased
for beneficiaries
in gradesamounts
5 and below;
Ten-year
plans can
be purchased
for beneficiaries
grades
2 and than
below;ifand
monthly purchase plans can be purchased for beneficiaries age 3 years and
below. Monthly purchase amounts include 7.01 percent rate of return, therefore the total amount paid will be more than if paid by lump sum.
Contract Price Charts
Pay-As-You-Go
December 10, 2015— April 30, 2016
May 1, 2016—September 30, 2016
Contract Type
One Credit Hour Cost
Contract Type
One Credit Hour Cost
Full Benefits
$571
Full Benefits
$583
Limited Benefits
$460
Limited Benefits
$470
Community College
$106
Community College
$109
2016 Contract

Initial purchase must be a minimum of one credit hour

Same cost, newborn to adult

Able to purchase more than one, just multiply the per
credit hour cost by the number of desired credit hours
OR

Deposit any amount over the initial one credit hour
cost and MET will calculate the number of credits or
(fractions thereof) purchased

Make additional payments, minimum $25, at any time

No obligation to continue
Upon receipt of a payment, MET will determine the number of credit hours (or fraction thereof) earned based upon the published per credit hour price in effect
at the time the payment is received. Credit hour costs for each type of contract will be set each enrollment period to be effective on eecember sst throuhh oo
vember 30, and are subject to increases durinh that enrollment period.
There is a 45 day waitinh period between the last payment made to MET by the Purchaser on a Pay-As-You-Go contract and MET’s ability to make payment to a
hihher education institution on behalf of the Beneficiary.
35