Price increase urged for Mississippi college tuition program MPACT

An audit of the Mississippi Prepaid Affordable College Tuition program recommends the price to participate in the program should be increased if the program continues.

A freeze on new enrollment in the program that allows families to prepay students’ college tuition was instituted last year by state Treasurer Lynn Fitch and the College Savings Plan Board because of a roughly $94 million deficit in what would be required to fully fund the tuition of each of the approximately 22,000 participants already enrolled.

The second phase of the audit is being released today. In January, the first phase of the audit raised concerns about the viability of MPACT and suggested pricing and contract changes.