Notwithstanding any state law to the contrary, no monies on deposit in either the MACS or MPACT Programs shall be considered an asset of the parent, guardian or student for purposes of determining an individual's eligibility for a need-based grant, need-based scholarship or need-based work opportunity offered or administered by any state agency except as may be required by the funding source of such financial aid.
Structure Mississippi Code
Chapter 155 - College Savings Plans of Mississippi
Article 3 - Mississippi Affordable College Savings (MACS) Program
§ 37-155-103. Declaration of purpose
§ 37-155-107. Powers of the board of directors
§ 37-155-111. Mississippi Affordable College Savings Trust Fund
§ 37-155-115. Authority of board to invest funds in Trust Fund
§ 37-155-119. No promise or guarantee of beneficiary's admission
§ 37-155-121. No guarantee that higher education expenses will be covered in full