College costs have increased 160 percent since 1980. Today, between tuition, room and board, books, and other expenses, a college education typically costs families around $27,000 annually for a public, in-state university and $55,000 annually for a private education, according to a 2021 College Board report. As a result, most rely on hefty loans that take years – if not … Read More

State Treasurer David McRae today announced the Mississippi Prepaid Affordable College Tuition (MPACT) Legacy Plan has rebounded to near full funding, a major reversal from prior expectations. When Treasurer McRae entered office in 2019, the Legacy Plan had a 72 percent funding ratio, leaving taxpayers on the hook for more than $125 million. Today, the plan is funded at 91 … Read More

Treasurer David McRae today applauded the state legislature for championing taxpayer interests during this year’s legislative session. McRae specifically highlighted their work in delivering the largest tax cut in state history and declining to pass an annual bond bill, all while increasing teacher pay above the southeastern average and creating the Mississippi Outdoor Stewardship Trust Fund. “I want to applaud … Read More

Your State Treasurer’s office administers two college savings plans designed to help Mississippians save for college. MACS is the Mississippi Affordable College Savings Plan which allows families to save for college starting with as little as $25. MPACT is the Mississippi Prepaid Affordable College Tuition Plan which allows families to prepay college tuition to lock in today’s rates and avoid … Read More

State Treasurer David McRae today released a new poll regarding college savings in Mississippi. The survey found that while most parents (69%) want to help pay for their child’s college, the majority (58%) have yet to begin saving. “Today, most Mississippians graduate college $30,000 in debt,” said Treasurer McRae. “Understanding this, it’s no wonder why many parents are trying to … Read More

For many Mississippians, sports can be the motivation and the means through which they achieve their college dreams. But sports scholarships can be hard to come by, and most families can’t afford to rely on such good fortune. College Savings Mississippi, however, empowers you to plan ahead, and we’re using this weekend’s state basketball championship games to assist families in … Read More

What do you want to be when you grow up? It’s a question every child is asked at one point or another. Whether their answer is “Princess” or “President,” let them put pen to paper, draw out their future, and enter their creation into the 2022 College Savings Mississippi Art Contest. Each year, your State Treasury gives students, ages PreK … Read More

State Treasurer David McRae has launched the 2022 College Savings Mississippi Art Contest. All PreK-12 students are eligible to enter. Contest winners will receive a scholarship worth up to $500 in the form of a Mississippi Affordable College Savings (MACS) account. “Art is about seeing the ordinary from a new perspective,” said Treasurer McRae. “That skill set is the same … Read More

Mississippi Treasurer David McRae today announced the State Treasury will be offering one lucky State Fair-goer a $500 Mississippi Affordable College Savings (MACS) scholarship just for stopping by the College Savings Mississippi booth in the TradeMart Building. “We want to make the State Fair a time for food, fun, and scholarship funds,” said McRae. “We know that students with money … Read More