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FAQ

Frequently asked questions – MACS Program

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Risk Tolerance

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Make a Withdrawal

You can make a withdrawal from your account two ways:

Online
Use the Withdrawal Request Form (PDF)
Allow 7-10 days for processing and mailing.

You may request a withdrawal from your account online that will be sent directly to your bank account via Automated Clearing House*, as long as your banking information has been on file with your account for at least 30 days and your address has not changed within the last 30 days. The Disclosure Booklet also contains a discussion of the tax implications, if any, of taking various types of withdrawals from the Plan.

Non-qualified withdrawals may be subject to federal and state taxes and the federal additional 10% tax.

*Automated Clearing House payments may take several days to be deposited into your bank account.

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financial services for the greater good

Consider the investment objectives, risks, charges and expenses before investing in the Mississippi Affordable College Savings Program. Please call toll-free 1-800-486-3670 or click here for a Disclosure Booklet containing this information and other 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 tax information contained herein is not intended to be used, and cannot be used, by any taxpayer for the purpose of avoiding tax penalties. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor.

The Mississippi Affordable College Savings Program is offered by the State of Mississippi. TIAA-CREF Tuition Financing, Inc. is the Plan Manager. Investments in the plan are neither insured nor guaranteed and there is the risk of investment loss.

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.

Non-qualified withdrawals may be subject to federal and state taxes and the additional federal 10% tax.

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© 2011 TIAA-CREF Tuition Financing Inc.