The Mississippi College Savings Account Program is helping to bridge the economic divide by trying to break the poverty cycle and allowing low-income kids to become familiar with financial education, financial institutions and the banking service
And it helps to bridge the economic divide by also allowing those kids getting used to the banking system and savings accounts, not just to save money, but to build good financial habits as well, and take the right decisions concerning those matters, learning about the possible challenges, in order to use the money they save circa long-term goals.
The program also helps Mississippi families to save towards college expenses like tuition, books, supplies and so on.
Almost anyone can open one of those accounts for a child, or relative, or a fiend at any income level, qualifying for state tax deductions.
People can start saving inasmuch as $25 and any individual of legal age with a social security number can open an account and can also do it on behalf of any beneficiary.
Since financial education is one of the most important investments that people can make.
