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State treasurer says college-savings plans recovered to full funding after investment changes
Summary
State Treasurer David McRae told the Joint Universities and Colleges Committee the state's prepaid tuition and 529 plans have returned to healthy funding levels following investment-structure changes and intensified outreach; he provided enrollment figures and described modernized payment options.
State Treasurer David McRae told the Joint Senate and House Universities and Colleges Committee on Dec. 12 that Mississippi's college-savings programs have moved from troubling funding levels to healthy reserves following legislative changes to investments and increased outreach.
McRae said the older legacy prepaid plan was approximately 72% funded when he took office and climbed to full funding under his administration; the newer Horizon prepaid option is now funded at roughly 140%. He credited a combination of a revised investment structure approved by the Legislature and proactive subscriber outreach, including event-based enrollment at athletic and…
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