38 MAC Pt. 2, R. 15.5
Refund if the Beneficiary Matriculates in a Military College or University
Cite as 38 Miss. Admin. Code Pt. 2, R. 15.5
Refund if the Beneficiary Matriculates in a Military College or University. In the event
the MPACT Contract Beneficiary matriculates in one of the U.S. Government sanctioned
military academies listed below, such that tuition and Mandatory Fees are not charged, the
Purchaser will receive a refund equal to the sum of all MPACT Contract payments paid to date,
excluding all Administrative Fees, minus any amount paid by the Trust Fund to Postsecondary
Institutions on behalf of the Qualified Beneficiary, with such net amounts adjusted to reflect the
increase in Current Tuition Value over the period from the purchase of the MPACT Contract to
the date the refund calculation is made.. A Request for a refund should be submitted within sixty
(60) days of the Beneficiary’s enrollment in the military college or university and must be
accompanied by written documentation, deemed acceptable by the State Treasurer, evidencing
enrollment. Otherwise, the refund provisions of Rule 15.8 may apply. The provisions herein
apply to attendance at any one of the following military academies: The United States Air Force
Academy in Colorado Springs, Colorado; The United States Naval Academy in Annapolis,
Maryland; The United States Military Academy at West Point, New York; The United States
Merchant Marine Academy at Kings Point, New York; or, The United States Coast Guard
Academy in New London, Connecticut