BPF researches and shares educational information encouraging Mississippi’s Economic Freedom while discouraging Crony Capitalism to increase Mississippi’s Economic Growth. BPF focuses on Education, Energy, Environment, Health Care, Federal Government & Agencies, Mississippi State Government & Agencies and Regulatory Abuses & Reforms.
Recent Commentary
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Mississippi’s Regulatory Red Tape
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2019 MS Legislative Halftime Report
Bond Bill for Huntington Ingalls Shipyard
Occupational Licensing Reform
College students and recent graduates are not the only ones having trouble paying off tuition debt. It turns out, the Mississippi Prepaid Affordable College Tuition (MPACT) program is in deep trouble with the tuition contracts they are obligated to meet.
Legacy contracts are where the problem lies. As of June 2018, the Legacy plan had $278 million in assets, but had $405 million due in the form of tuition and expenses to be paid for participant contracts. And those tuition costs will surely continue to rise in the years ahead. College tuition rates and fees in Mississippi are expected to increase by an average of four percent for the 2018-2019 school year.
Unfortunately for taxpayers, they’re on the hook for MPACT’s deficit, now $127 million and growing. Will the taxpayer bail out MPACT’s Legacy contracts?
Will the Taxpayer Bail Out MPACT’s Legacy Plan? – Bigger Pie Forum
biggerpieforum.org
College students and recent graduates are not the only ones having trouble paying off tuition debt. It turns out, the Mississippi Prepaid Affordable College Tuition (MPACT) program is in deep trouble ...