McRae announces MPACT is back

Enrollment for MPACT 2024-25 is open now through May 31

Sept. 9, 2024 – State Treasurer David McRae today announced the Mississippi Prepaid Affordable College Tuition (MPACT) program is open now through May 31, 2025. Families can lock in today’s tuition rate and begin pre-paying their child’s college education.

“Over the last twenty years, the average cost of college tuition and fees has increased 179.2 percent, according to EducationData.org – and that growth shows no signs of slowing down,” said McRae. “That’s a number I always think of when talking to families about MPACT. After all, if you’re able to enroll in the program while your child is young, you can protect yourself from nearly two decades of tuition rate increases. It’s an unbelievable program that has helped produce some of the best and brightest members of Mississippi’s workforce.”

MPACT plans are available for four-year degree programs, as well as community college programs. Rates vary depending on a child’s age and a family’s down payment. Learn more at treasury.ms.gov/mpact.

In addition to MPACT, families can consider investing in a Mississippi Affordable College Savings (MACS) account. MACS operates like a tax-advantaged savings account that can be used for classroom supplies, tuition, private K-12 schooling, room and board, vocational education, and more. To learn more, visit treasury.ms.gov/macs.

Since taking office, Treasurer David McRae has strengthened the financial stability of MPACT. The Legacy Plan, which was just 72 percent funded when McRae took office, is now 99.7 percent funded. The Horizon Plan is fully solvent.