Jackson, MS. Treasurer Lynn Fitch and College
Savings Mississippi are excited to host another MACS (Mississippi Affordable
College Savings) scholarship opportunity for Mississippi students. The Race
to College contest will be held during the Mississippi High School
Activities Association (MHSAA) State Baseball Championships at Trustmark Park
on May 16-17, 2019.
“Nationally, total student loan debt is $1.56 trillion,” said
Treasurer Fitch. “That’s over $500 billion more than the nation’s
total credit card debt, and it’s not only weighing individual graduates down,
but also holding back money that could be growing our economy. College
Savings Mississippi gives families the opportunity to save through
tax-advantaged accounts so that students can graduate with less or even no debt
College Savings Mississippi will host one Race to
College relay during each of the six games on May 16-17, 2019. Two
contestants will be randomly chosen from entrants to participate in each race.
Each contestant will race to designated stations to submit a mock 529 college
savings account application, deposit funds into their 529 account, put on a
backpack to go to college, and finally receive their cap and gown to run back
to the starting line. The first to finish each relay will win a $529 MACS
“I look forward to awarding six MACS scholarships during
this year’s State Baseball Championships,” Treasurer Fitch continued.
“Nearly 60 percent of Mississippi college graduates have student loan debt,
averaging over $30,000. Saving for college now can make a big difference
in helping them achieve their dreams.”
Under new federal tax laws, MACS can also be used to pay up
to $10,000 per calendar year in tuition costs for a child at public, private,
or religious elementary and secondary schools as well.
College Savings Mississippi is a division of the State
Treasurer’s Office and operates the two State-sponsored 529 college savings
plans, MACS and MPACT (Mississippi Prepaid Affordable College Tuition).
For more information about these plans and for official contest rules and registration