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.

Enroll

State 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

Plan in the news?

Check out latest news about this plan.

@save4collegems

General Recommendation

This is a direct sold 529 plan, not rated by Morningstar.