Mississippi News

McRae announces State Fair booths for unclaimed money and college savings

Mississippi State Treasurer David McRae has announced that the Unclaimed Money and College Savings divisions of the Treasury will have booths open and staffed in the Trade Mart at the State Fair from Thursday, Oct. 6, through Saturday, Oct. 15.

“Mississippi’s State Fair is a great opportunity for our team to make ourselves available directly to thousands of our citizens from all over the state. We hope you will stop by to check for unclaimed money and to learn more about preparing to send your child, grandchild, or other loved ones to college,” said Treasurer McRae.

State Treasurer David McRae (Official photo)

The College Savings Mississippi and Unclaimed Money booths will be open each day, except Sundays, during the Fair from 11 a.m. until 5 p.m.

“Our Unclaimed Money event at Brandon City Hall last Saturday was a big success with more than 100 people claiming a total of over $20,000. One in ten Mississippians has unclaimed money, so it’s definitely worth stopping by to see us and check the list,” said McRae.

The College Savings Mississippi booth will offer information on two college savings programs – MACS (Mississippi Affordable College Savings) and MPACT (Mississippi Prepaid Affordable College Tuition).

Enrollment in MPACT is open through May 31, 2023, for families who want to prepay college tuition for a child, grandchild, or loved one. This plan allows families to lock in today’s rates for future college tuition costs. Families can also open a MACS account with as little as $25 to begin saving and earning interest to pay for college.

Mississippians can stop by the College Savings booth and register to win one of two $500 MACS scholarships, to be drawn at the Fair’s conclusion. No need to be present to win.  

“With inflation skyrocketing and college tuition costs going up even more than the rate of inflation, now is the time for Mississippi families to lock in rates and save thousands in the future,” said McRae. “The average Mississippi student graduates with $30,000 of debt. By enrolling in MPACT or opening a MACS account, families can dramatically reduce – or eliminate – that decades-long burden.”To learn more, visit Treasury.MS.gov.

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