Master of Coin David McRae issued the following statement.
Recently, the Mississippi Treasury underwent an investment transition and now I'm happy to announce that MACS fees are down by nearly 20 percent!
At the beginning of this year, the Mississippi Affordable College Savings (MACS) plan was ranked by Forbes as the top sixth program in the county. With this reduction, we are taking an already great program and making it even better.
Every dollar saved on fees is another dollar that can be spent towards your child's future.
If you don't know, MACS is Mississippi's 529 College and Career Savings Plan, handled by the State Treasury. The plan allows families to save for future education and career training expenses through a tax-advantaged account. Funds can be used for a wide range of qualified expenses, including tuition, books and school supplies, apprenticeship programs, and more.
The investment transition is fully complete and the Mississippi Treasury stands ready to deliver more value at a lower cost. As always, if you have any questions, please call (601) 359-5255 or email collegesavings@treasury.ms.gov.
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