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State's prepaid college funds safe - for now

Source: Posted By: Nellie D...4029 days ago

Despite a rising deficit, Mississippi's college savings program has a sound long-term prognosis, says State Treasurer Tate Reeves.

The program lets Mississippi families buy all or part of their children's public college education at present-day tuition. The Mississippi Prepaid Affordable College Tuition Program invests that money with the goal of earning 7.8 percent a year.

More than 25,000 Mississippi families have put college savings into MPACT, one of 18 such state-run programs in the United....

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