Attention: Money 101 will no longer be available after May 31, 2021. After that time the Enrich financial literacy tool will be available at moving forward.

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Glossary definitions provided in part by the Jump$tart Coalition for Personal Financial Literacy.

Management Fees: As it relates to investments: The amount the fund charges investors to pay advisors and others involved in administering the fund.

Manager: Refers to the financial institution selected by CollegeInvest to provide services in connection with each college savings plan. Currently, the managers for the Direct Portfolio College Savings Plan, Stable Value Plus College Savings Plan, and Scholars Choice College Savings Program are The Vanguard Group, The MetLife Insurance Company, and ClearBridge Advisors, LLC, respectively.

Mature: As it relates to investments: An investment that has reached its time limit and becomes payable or due.

Medicaid: A program, financed by state and federal government tax revenues, to pay specified health care costs care for those who cannot afford them.

Medicare : A federal government program, financed by deductions from wages, that pays for certain health care expenses for older citizens. The Social Security Administration manages the program.

Money Market Fund: : A mutual fund that sells shares of ownership and uses the proceeds to purchase short-term, high-quality securities such as Treasury bills, negotiable certificates of deposit, and commercial paper.

Mortgage: A long-term loan to buy real estate, that is, land and the structures on it.

Mortgage Companies: Companies or organizations that offer long-term loans to buy real estate, that is, land and the structures on it.

Mutual fund: An investment tool that pools the money of many shareholders and invests it in a diversified portfolio of securities, such as stocks, bonds, and money market assets.

Mutual Funds : Investment companies that pool money from shareholders and invest in a variety of securities, including stocks, bonds, and short-term money market assets.

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