Looking to lock in a more cost-efficient rate for your child’s higher education endeavors? Well, now is the time to take advantage of an option allowing parents and guardians to do so.
State Treasurer David McRae announced Monday that the Mississippi Prepaid Affordable College Tuition (MPACT) program is open now through May 31, 2026. This program allows families to lock in current tuition prices to pre-pay for their child to have the opportunity to turn the tassel at a more financially sound rate.
MPACT plans are available for four-year degree programs, as well as community college programs. Rates vary depending on a child’s age and a family’s down payment.
“With college costs climbing every year, MPACT gives Mississippi families the chance to plan ahead, lock in today’s tuition rates, and shield themselves from decades of rising prices,” McRae said. “This is about financial responsibility, helping parents invest wisely now so their children can pursue higher education without being buried in debt. With Mississippi’s economy growing and more jobs requiring education beyond high school, MPACT’s 2025-26 enrollment season gives families a smart, fiscally conservative way to prepare for the future.”
McRae further noted that MPACT’s Legacy Plan, or contracts purchased before 2014, is now over 100% funded. When the treasurer took office in 2019, the program was only 72% funded, leaving contract holders concerned as to whether or not they would see any of its benefits. As for the Horizon Plan, or MPACT contracts purchased since 2014, the program is fully funded at 135%.
More information about MPACT can be found here.
