Mississippi Administrative Code
Title 38 - Treasurer
Part 3 - Mississippi Prepaid Affordable College Tuition Program (Horizon Contracts)
Chapter 7 - Qualified Beneficiary
Rule 38-3-7.1 - 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 Resident of the State of Mississippi as defined in Rule 5.1 BB; 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 individual 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).
