Submitted by State Treasurer David McRae
This year’s competition ends February 28
College Savings Mississippi Art Competition Now Open by Treasurer David McRae
What do you want to be when you grow up? It’s a question that every child asks at one time or another. Whether their answer is “Princess” or “President,” let them pick up pen on paper, draw their future, and enter their creation in the 2022 College Savings Mississippi Art Competition.
Each year your treasury offers students, Kindergarten to Grade 12, the opportunity to compete for $ 3,000 in scholarships for the art competition – and this year’s competition is officially open!
We offer awards in four age categories (PreK-Grade 2, Grades 3-5, Grades 6-8, Grades 9-12), with the first of each group receiving a $ 500 scholarship, the second receiving $ 250, and third place receiving $ 100.
The scholarships come in the form of a Mississippi Affordable College Savings (MACS) account, which is offered through your treasury.
Today, the average Mississippi student graduates with approximately $ 30,000 in debt – and that number is only increasing. This debt can have a big impact on your child – often delaying important life milestones, such as getting married, buying a house, and even starting a family.
MACS, however, makes it easy for people to start saving money. It works like a bloated savings account, allowing you to earn interest while providing tax benefits to most contributors. Parents, grandparents, and more can open an account for just $ 25, making it a great gift idea for birthdays, holidays, and even kindergarten graduation days.
A MACS investment must be used for education expenses, but there are a lot of things that may qualify. For example, families can use their MACS account dollars for tuition, books, supplies, and some room and board expenses. If your child is attending a private school, the tax-advantaged funds can also be used for elementary and secondary school fees. It’s also a great option if you’re saving for further education, such as a master’s degree. You can find out more about all the applications at Treasury.MS.gov/MACS.
For students entering this year’s art competition, I hope the winning scholarships kick-start the beneficiaries’ college savings plans while also raising awareness of the benefits of setting up a MACS account.
What I love about this competition is that it celebrates seeing the ordinary in a new light, and it’s exactly the same skills required to be successful in both higher education and on the job. labor market.
I was blown away by the talent and creativity last year, so I’m already looking forward to submissions for 2022. This year’s competition ends February 28, so it’s time to put the brush on. paper !
Whether your child’s response to “what do you want to be when you grow up” be “Princess” or “President”, please Click on to learn more about this unique scholarship opportunity.
Submitted by Mississippi Treasurer David McRae. He is the 55th Treasurer of the State of Mississippi.