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Mississippi

Mississippi Prepaid Affordable College Tuition (MPACT) Program
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Summary

Mississippi Prepaid Affordable College Tuition (MPACT) Program offers a variety of tuition packages to Mississippi families. It was closed to new enrollment in 2012, pending results of an acutarial audit. The plan will open to new enrollees in the Fall of 2014.

Program Details
  • Summary: Mississippi Prepaid Affordable College Tuition (MPACT) Program offers a variety of tuition packages to Mississippi families. It was closed to new enrollment in 2012, pending results of an acutarial audit. The plan will open to new enrollees in the Fall of 2014.
  • Program type: Prepaid contract
  • Enrollment period: September 1 through December 31. The 2013 enrollment has been deferred, pending results of an actuarial audit.
  • State residency requirements: The account owner or beneficiary must be a Mississippi resident at the time of program enrollment.
  • Contract prices: In the 2011 enrollment period, prices ranged from as little as $1,925 for a one-year junior/community college contract for a newborn to as much as $29,688 for a five-year university contract for a twelfth grader.
  • Are program benefits backed by the full faith and credit of the state? Yes
  • Are program benefits collateralized or guaranteed in any other way? No
  • State tax deduction or credit for contributions: Contributions to the Mississippi Prepaid Affordable College Tuition Program are fully deductible in computing Mississippi taxable income.
  • Web site: Click here to visit
  • Telephone: 1-800-987-4450
  • Twitter Click here to visit
  • Facebook Click here to visit
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