Mississippi Affordable College Savings Program (MACS)

Enrollment Materials

It's easy to open an account with the Mississippi Affordable College Savings Program (MACS). The minimum contribution is $25 through check, electronic funds transfer, automatic contribution plan from your bank account, or through a transfer of funds from another state's qualified tuition program. The minimum contribution is $15 (per Investment Option, per Beneficiary) if ongoing contributions are made by payroll deduction.
 
 
To open an Account and begin making contributions:

  1. Carefully read the MACS Disclosure Booklet (PDF, 435KB).
  2. Select the investment option or mix of options that is right for you. You can invest by check, electronic funds transfer, automatic contribution plan, payroll deduction, or a transfer of funds from another state's qualified tuition program.
  3. Complete and sign the Account Application.  Select from the list below:

    Individual Account Use this form to open a MACS Account by an individual (typically a parent, grandparent, family member or friend).

    Custodial Account for a Minor (UGMA/UTMA) Use this form to open an Account under the Uniform Gifts to Minors Act (UGMA) or Uniform Transfers to Minors Act (UTMA).  Unlike other types of accounts, a custodial account owner is acting purely in a representative capacity for the minor beneficiary, who is the legal owner of the account.  Please read the Important Information about Custodial Accounts, contained in the Account Application for a Custodial Account, before opening this type of account.  You should also be aware that funds deposited into this type of account cannot be transferred or rolled over to another account owner or beneficiary.

    Entity Account Use this form to open an Account for a trust, estate, business entity, IRC 501(c)(3) organization, or a state/local government.
  4. Enclose a check, made payable to the Mississippi Affordable College Savings Program if you are making your contribution by check. Contributions are only permitted by personal checks, bank drafts, teller's checks and checks issued by a financial institution or brokerage account payable to the Account Owner and endorsed over to the Program by the Account Owner, and third-party personal checks up to $10,000 endorsed over to the Program by the Account Owner.
  5. Return your completed and signed Account Application and your initial contribution if you are making it by check, or your completed Payroll Deduction Form (PDF, 148KB).  Mail all completed documentation to:
Mississippi Affordable College Savings Program
PO Box 55037
Boston, MA 02205-5037


Please note: PDF files require the free Adobe Acrobat Reader. Get it here.

 

WE'RE HERE TO HELP

Download and print our Program Brochure (PDF, 277KB).Remember, you can always enroll online any time.

Questions? Read our FAQ.

Don't forget you can set up an Automatic Contribution Plan (PDF, 157KB) or use Payroll Deduction (PDF, 45KB) for your contributions (if offered by your employer).

Learn how to transfer funds from another 529 College Savings Plan

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The tax information contained on the Mississippi Affordable College Savings Program (the Plan) Web site is not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding tax penalties that may be imposed on the taxpayer. It was written to support the promotion of the products and services addressed in the Web site. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor.

The Plan is administered by the Board of Directors of the College Savings Plans of Mississippi and the Mississippi Treasury Department. TIAA-CREF Tuition Financing, Inc. (TFI) serves as Program Manager.

The investment approaches described are not recommendations and do not take into consideration personal goals or preferences. After evaluating information you consider important in making an investment choice, the ultimate decision is up to you. It is a good idea to revisit your investment strategy periodically as your goals, personal financial situation, and market conditions change.

Consider the investment objectives, risks, charges and expenses before investing in the Plan. Please call toll-free 1-800-486-3670 for a Disclosure Booklet containing this information. Read it carefully.

Before investing in a 529 plan, you should consider whether the state you or your designated beneficiary reside in or have taxable income in has a 529 plan that offers favorable state income tax or other benefits that are only available if you invest in that state's 529 plan.

The State of Mississippi, its agencies, TIAA-CREF Tuition Financing, Inc., Teachers Insurance and Annuity Association of America and its affiliates do not insure any account or guarantee its principal or investment return. Account value will fluctuate based upon a number of factors, including general market conditions.

The Plan Web site is for informational purposes only, and does not constitute an offer to sell or solicitation of an offer to buy any security that may be referenced on the site. Such offer or solicitation can be made only through the Disclosure Booklet.

The Plan Web site contains links to other Web sites. Neither the Plan nor TFI and its affiliates are responsible for the content of those other Web sites. The accuracy of information on those sites cannot be confirmed.

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