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.