Investing in a 529 Plan allows you to prepay tuition today that your child can later use at Albion or any college. You should consult your financial planner for information regarding 529 plans.
MET allows parents, grandparents, businesses, and others to pre-purchase undergraduate tuition for a child residing in Michigan at any Michigan university or college, including Albion.
There are a few tax benefits available for educational expenses. The IRS Educational Benefits Center is the best resource for determining if you might be eligible.