Mississippi Administrative Code
Title 38 - Treasurer
Part 2 - Mississippi Prepaid Affordable College Tuition Program (Legacy Contracts)
Chapter 9 - Qualified Beneficiary
Rule 38-2-9.1 - Beneficiary Eligibility
Current through September 24, 2024
An individual may be named the Beneficiary of an MPACT Contract if such individual meets all of the following requirements:
A. The individual is (a) a resident of the State of Mississippi as defined in Rule 6.1 DD; or (b) a nonresident if the Purchaser is a resident of the State of Mississippi.
B. The individual is eighteen (18) years of age or younger on the first day of the MPACT Enrollment Period in question.
C. The individual has been born at the time the Application is submitted.
D. The Beneficiary must not have yet enrolled at a Postsecondary Institution.
A Beneficiary may be a U.S. citizen, a permanent resident alien, or a dependent of a U.S. citizen or of a permanent resident alien.
Miss. Code Ann. § 37-155-9 (Rev. 2003).
