LANSING, MI (WHTC) – Officials of the Michigan Department of Treasury are crowing about two education matters.
The graduation rate in Michigan schools continues to trend upward. The latest information from the state Center for Educational Performance and Information found nearly 79 percent of high school seniors statewide graduated during the 2014 academic year. The figures highlight the increase in the graduation rate that began in 2011. CEPI officials add that the dropout rate is falling, with just over nine percent of students in Michigan’s high schools leaving classes without a diploma.
Treasury Department officials also claim that the Michigan Education Savings Program produced the third-best investment performance among 529 direct-sold college savings plans nationwide last year. The saving-for-college-dot-com rankings were based on annual evaluations as well as over three- and five-year periods, with the MESP rating eighth and seventh, respectively, in those surveys. Earlier this year, Morningstar’s 2014 Analyst Ratings put the state program in the top eight percent nationally.
