Mississippi Prepaid Affordable College Tuition Program (MPACT)

The Mississippi Prepaid Affordable College Tuition (MPACT) Program is a 529 plan that offers a unique approach to saving for college. Instead of investing in traditional investment options, MPACT allows families to prepay for future college tuition at today's prices. This means that account holders can lock in current tuition rates, providing a hedge against future increases. MPACT covers tuition and mandatory fees at Mississippi public universities and community colleges, as well as a set amount for private and out-of-state colleges. It also offers flexibility, allowing beneficiaries to use the funds at eligible schools nationwide.
EnrollState Tax Incentive
$10,000 single / $20,000 joint beneficiary
Program Manager
Mississippi Treasury Department
Investment Manager(s)
Various
Plan type
Direct
Investments
Guided Investments
N/A
ESG Investments
No
Avg. expense fee
0.650%
Fee Range
N/A
Ratings
Backer Rating
Our rating is based on fees and tax savings advantages.
51%
for MS residents
25%
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.
Gifting Only
Mobile app
Backer App covers this plan.
No
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General Recommendation
This is a direct sold 529 plan, not rated by Morningstar.