SB1001 — Higher education: financial aid; Michigan education trust act; modify. Amends secs. 4 & 8 of 1986 PA 316 (MCL 390.1424 & 390.1428).

SB1001 — Higher education: financial aid; Michigan education trust act; modify. Amends secs. 4 & 8 of 1986 PA 316 (MCL 390.1424 & 390.1428). · Informed CitizenryThis bill amends the Michigan education trust act to modify the terms and conditions of advance tuition payment contracts. It updates definitions for terms such as 'purchaser,' 'qualified beneficia…Open in Informed Citizenry