Mississippi prepaid college tuition plan projecting $82 million deficit, future unclear

Mississippi prepaid college tuition plan projecting $82 million deficit, future unclear

It’s still not clear whether Mississippi’s prepaid college tuition plan will reopen for additional enrollments, or when that might happen.

But if the plan does reopen, charges could rise by at least 20 percent.

The board that runs the Mississippi Prepaid Affordable College Tuition plan voted Wednesday to ask actuaries to prepare figures for how much the plan would have to charge in the future to avoid deficits.

The board also wants to explore using income from the state’s unclaimed property program to pay down a projected deficit of at least $82 million in the current plan.

AP
11/20