Tip #1: Take Advantage of Compound Interest Albert Einstein once described compound interest as the “eighth wonder of the world.” But what is it? Well, compound interest is when you add the earned interest back into your principal balance, which then earns you even more interest, increasing your returns. In other words, with compound interest, you’re not just earning money on your … Read More
Facts to Consider About Loan Forgiveness & Paying for College
By Treasurer David McRae The President’s loan forgiveness plan is controversial. Some argue that if the federal government has bailed out corporations in the past and provided trillions in pandemic relief, we should be able to afford to forgive some student loans. Others believe if you borrow money, you should pay it back, that gainful employment is the only loan repayment … Read More
Let’s Play Ball!
Scoring a college degree is a home run for your future! That’s why my College Savings Mississippi team and I are handing out $4,500 worth of scholarships at Trustmark Park this weekend (May 26-27). Please visit our College Savings tent on the concourse before each championship baseball game and you could score as much as $500 in scholarship money! If … Read More
State Treasurer Announces Art Contest Scholarship Recipients
State Treasurer David McRae today announced the winners of the College Savings Mississippi Art Contest. Each of the winners will receive a scholarship in the form of a Mississippi Affordable College Savings (MACS) account. For as little as $25, almost anyone can start an account for a child. For PreK-2nd Grade, the 2020 Art Contest winners are: 1st Place: Ann … Read More
Tupelo Student Wins Tell Me Something Good Scholarship
State Treasurer David McRae today surprised a student in Tupelo with a $529 Tell Me Something Good Scholarship to recognize his service to the community during COVID-19. Fifteen-year-old Aidan Wilson has been one of All Saints’ Episcopal Church’s most reliable volunteers during the COVID-19 crisis, serving those in need nearly every day since March 16. “When Aidan arrives at Saints’ … Read More
Greenville Student Inspires Volunteerism, Wins Tell Me Something Good Scholarship
State Treasurer David McRae today surprised a student in Greenville with a $529 Tell Me Something Good Scholarship to recognize her service to the community during COVID-19. Mollie Warrington, a 17-year-old student in Greenville, helped prepare and pack 1,500 bags of food for distribution at St. Vincent de Paul Food Pantry during the COVID-19 pandemic. Additionally, she inspired friends to … Read More
Mississippi Newborns Awarded Scholarships
Treasurer David McRae today announced two Mississippi newborns were each awarded $529 Mississippi Affordable College Savings (MACS) scholarships. The scholarships were part of the State Treasury’s 529 Day promotion. Scholarships were awarded to the two babies born closest to 5:29AM and 5:29PM on May 29 (5/29). The scholarship comes in the form of a tax-advantaged 529 savings account. The 2020 … Read More
Laurel Student Feeds 1,000+ Frontline Workers, Wins Tell Me Something Good Scholarship
State Treasurer David McRae today surprised a student in Laurel with a $529 Tell Me Something Good Scholarship to recognize his service to the community during COVID-19. Fletcher Horne, a 15-year-old student in Laurel, launched Feed the Frontline during the COVID-19 crisis as an Eagle Scout project. Helping to both thank healthcare heroes and stimulate the area’s economy, the effort … Read More
Magee Student Wins First Tell Me Something Good Scholarship
State Treasurer David McRae today surprised a student in Magee with a $529 Tell Me Something Good Scholarship to recognize his service to the community during COVID-19. Jered Smith, a 16-year-old student at Simpson Academy, is the Founder of Season of Service. During the COVID-19 pandemic, Smith has organized and given away household baskets to the elderly and new moms. … Read More
State Treasurer Announces Judging Panel for “Tell Me Something Good” Scholarship
State Treasurer David McRae today announced the nine judges who will be evaluating submissions for the “Tell Me Something Good” Scholarship Program. Each week in May, a Mississippi PreK-12 student will be awarded a $529 College Savings Mississippi scholarship for doing good in their communities during the COVID-19 pandemic. The “Tell Me Something Good” Judging Panel includes: First Lady of … Read More
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