The Michigan Education Trust board is considering issuance of the state's first college saver bonds as part of a possible revamping of the state's pre-paid college tuition program.

According to Sabrina Keeley, executive director of the trust, the board is considering issuing the bonds as it examines the future of the pre-paid tuition program. Other options include the creation of college savings accounts; modifying the existing program; or leaving the program as it is. She said the board may make a decision at its Dec. 4 meeting.

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