Connecticut Higher Education Trust
Announcement from Connecticut State Treasurer Shawn T. Wooden
On February 8, 2021, Connecticut State Treasurer and Trustee of the Connecticut Higher Education Trust (CHET), Shawn T. Wooden, relaunched the State’s 529 college savings plan under new program manager, Fidelity Investments. Click here to read the press release.
Our office has transitioned to Fidelity Investments as the plan manager. Participants should visit the Fidelity CHET Transition website at Fidelity.com/CHETactivate for more information on the transition of your 529 account and how to activate.
It's back to school season.
About the Connecticut Higher Education Trust
The Connecticut Higher Education Trust (CHET) is a state-sponsored, tax-advantaged 529 college savings plan that's helping families and individuals plan for the cost of higher education. Its goal is to help families save for college, the State of Connecticut offers the Connecticut Higher Education Trust (CHET), Connecticut's 529 College Savings Plan. Treasurer Shawn T. Wooden is Trustee of CHET.
CHET is a tax-advantaged, low cost savings program specifically designed to help families save for future college costs. The funds can be used at accredited colleges and universities across the country, including vocational and technical schools, and some colleges abroad.
CHET features state and federal tax free earnings and withdrawals on qualified higher education expenses. Connecticut families can take an income tax deduction (up to $5,000 for single filers, $10,000 for joint filers) on contributions to CHET accounts. Please click CHET Disclosure Booklet to download a PDF file to read for more information.
The CHET Direct program offers on-line enrollment. A CHET account can be opened by any individual, including a grandparent, family friend or neighbor. CHET Direct is professionally managed by Fidelity Investments which has more than 70 years of investment experience and currently manages 529 assets for more than 1 million participants nationwide. It has 37 professional managed investment portfolios. For information or materials call 1-888-799-CHET (2438) or visit http://aboutchet.com/.
The Treasurer established the CHET Advisor, the advisor-sold 529 program with Fidelity Investments. The CHET Advisor plan has eight age-based, two static, and 17 individual portfolios that provide investment choice and flexibility. For information, call 877-208-0098, 8:30 AM to 7:00 PM ET, Monday through Friday or visit https://institutional.fidelity.com/app/item/RD_9894866/chet-advisor-529-plan.html.
CHET Advance Scholarship
The CHET Advance Scholarship is an annual program offered by the Connecticut State Treasurer’s Office to help Connecticut students pay for college.
In 2021, the CHET Advance Scholarship will be revamped in new and exciting ways with conjunction with our new program manager, Fidelity Investments. Stay tuned for more information on the CHET Advance Scholarship.
CHET Baby Scholars
Visit the CHET Transition website: https://www.fidelity.com/chetactivate
Visit the CHET Direct website: www.aboutchet.com.
Call the CHET Direct toll-free telephone center, 1-888-799-CHET (2438), Monday through Friday between 8 am and 9 pm.
Any issues with CHET Call Center – let us know : Send email to ott.CHET@ct.gov