Mississippi Affordable College Savings (MACS) Program
The Mississippi Affordable College Savings (MACS) Program is a 529 plan designed to help families save for higher education expenses. It offers a range of investment options, including age-based portfolios and individual fund options, allowing account holders to tailor their investments to their specific goals. One unique aspect of the MACS Program is that it offers tax advantages, such as tax-free growth and tax-free withdrawals for qualified education expenses. Additionally, Mississippi residents can benefit from a state income tax deduction for contributions made to the plan, further enhancing the savings potential.
EnrollState Tax Incentive
$10,000 single / $20,000 joint beneficiary
Program Manager
Intuition College Savings Solutions
Investment Manager(s)
TIAA, Vanguard, Schwab
Plan type
Direct
Investments
Guided Investments
age-based
ESG Investments
No
Avg. expense fee
0.685%
Fee Range
N/A
Ratings
Backer Rating
Our rating is based on fees and tax savings advantages.
54%
for MS residents
28%
non-residents
Saving For College
Unbiased, independent resource for parents.
3.5
for MS residents
3
non-residents
Other
Connect with Mint.com
Track your finances in one place.
Yes
Connect with Backer
Full end to end enrollment, gifting and plan management.
Enrollment
Mobile app
Backer App covers this plan.
No
Plan in the news?
Check out latest news about this plan.
General Recommendation
This is a direct sold 529 plan, not rated by Morningstar.
