State's prepaid college funds safe - for now
Source: nems360.com Posted By: Nellie D...5304 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....