Prepaid college tuition plan feeling financial turbulence

The Clarion-Ledger, 12/14/8

Mississippi’s prepaid college tuition program is facing inadequate investment returns, a multimillion dollar deficit and tuition costs that continue to increase.

The situation has left the House Education Committee chairman concerned the Mississippi Prepaid Affordable College Tuition Program could become a burden for taxpayers if the economy doesn’t improve.

The program that covers tuition and mandatory fees at today’s campus prices is state-insured.

State Treasurer Tate Reeves is making a statewide tour to find more investors, hoping that new cash will boost MPACT’s viability.