Home / Our Plan / Fees and Expenses The following table describes the fees and expenses that you pay if you open and contribute to an account in CHET. These fees are directly or indirectly paid out of the assets of your account. Except for the fees listed below, there are currently no other fees, charges or penalties imposed or payable in connection with opening or maintaining an account, other than any taxes and related penalties. The Trustee reserves the right to change the current fees, or to impose new or additional fees, expenses, charges or penalties in the future. Fee Table ANNUAL ASSET-BASED FEES Investment Option Program Manager Fee(1)(2) Estimated Underlying Mutual Fund Expenses(3) State Fee (1)(4) Total Annual Asset-Based Fees(5) Managed Allocation Age Band 1 (0-3 Years) 0.40% 0.19% 0.01% 0.60% Age Band 2 (4-7 Years) 0.37% 0.22% 0.01% 0.60% Age Band 3 (8-11 Years) 0.34% 0.25% 0.01% 0.60% Age Band 4 (12-14 Years) 0.32% 0.27% 0.01% 0.60% Age Band 5 (15-17 Years) 0.34% 0.25% 0.01% 0.60% Age Band 6 (18 and Over) 0.37% 0.22% 0.01% 0.60%   Aggressive Managed Allocation Option Age Band 1 (0-3 Years) 0.44% 0.15% 0.01% 0.60% Age Band 2 (4-7 Years) 0.41% 0.18% 0.01% 0.60% Age Band 3 (8-11 Years) 0.38% 0.21% 0.01% 0.60% Age Band 4 (12-14 Years) 0.36% 0.23% 0.01% 0.60% Age Band 5 (15-17 Years) 0.34% 0.25% 0.01% 0.60% Age Band 6 (18 and Over) 0.35% 0.24% 0.01% 0.60%   High Equity Option 0.36% 0.23% 0.01% 0.60%   100% Equity Index Option 0.49% 0.10% 0.01% 0.60%   100% Fixed-Income Option 0.24% 0.35% 0.01% 0.60%   Social Choice Option 0.37% 0.22% 0.01% 0.60%   Money Market Option 0.44% 0.15% 0.01% 0.60%   Principal Plus Interest Option None(6) None None(6) None     (1) The Program Manager Fee and the State Fee are the only fees deducted from Program assets. These fees may change at any time. Although there are no fees that are deducted from your Account, when you invest in the Program, you bear a pro rata portion of the Program expenses because when fees are deducted from Program assets, the value of the Trust Units is reduced. (2) For its services as Program Manager, each Investment Option (with the exception of the Principal Plus Interest Option) pays TFI a Program Manager Fee equal to the stated percentage of the average daily net assets held by that Investment Option. However, the percentages listed in this column may fluctuate because, generally, if the underlying Mutual Fund expenses increase, then the Program Manager Fee decreases. (3) For each Investment Option (with the exception of the Principal Plus Interest Option), the figures in this column are based on a weighted average of the expenses of each underlying Mutual Fund's expense ratio as of February 1, 2010, in accordance with the Investment Option's asset allocation among its underlying funds. Each Investment Option that invests in underlying Mutual Funds bears its pro rata portion of the underlying Mutual Funds' expenses because when fees are deducted from an underlying Mutual Fund's assets, the value of the underlying Mutual Fund's shares is reduced. (4) Each Investment Option (with the exception of the Principal Plus Interest Option) pays to the Trustee a State Fee equal to 0.01% of the average daily net assets of the Trust to pay for expenses related to the oversight of the Trust. (5) The Total Annual Asset-Based Fees ("Total Fees") equal the Estimated Underlying Mutual Fund Expenses plus the Program Manager Fee plus the State Fee. The portion of Total Fees attributable to the Program Manager Fee and the State Fee is assessed over the course of the year against assets in each Investment Option (with the exception of the Principal Plus Interest Option). The portion of Total Fees attributable to Underlying Mutual Fund Expenses is borne by each Investment Option as discussed in footnote (3). You should refer to the Investment Cost Example for the total assumed investment cost over 1-, 3-, 5-, and 10-year periods. (6) The Principal Plus Interest Option does not pay a Program Manager Fee or the State Fee. TFI does, however, receive from TIAA-CREF Life, the issuer of the Funding Agreement, an annual asset-based fee to pay TFI for distribution, administration and other services that TFI provides for this Investment Option. TIAA-CREF Life may discontinue this fee at any time. TIAA-CREF Life also pays the Trustee an asset-based fee related to the oversight of the Trust for the Principal Plus Interest Option. Investment Cost Example The example in the following table is intended to help you compare the cost of investing in the different Investment Options over various periods of time.  This hypothetical example assumes that: You invest $10,000 in an Account for the time periods shown below. Your investment has a 5% compounded return each year, except for the Principal Plus Interest Option, which is assumed to have a 3% compounded return each year. Actual performance will vary. You withdraw the assets from your Account at the end of the specified periods for Qualified Higher Education Expenses. Total annual asset-based fees remain the same as shown in the Fee Table above. The example does not consider the impact of any potential state or federal taxes on the redemption. Although your actual costs may be higher or lower, based on the above assumptions your costs would be: INVESTMENT OPTIONS APPROXIMATE COST OF $10,000 INVESTMENT      1  Year    3 Years    5 Years    10 Years Managed Allocation Option Age Band 1 (0-3 Years) $62 $193 $336 $752 Age Band 2 (4-7 Years) $62 $193 $336 $752 Age Band 3 (8-11 Years) $62 $193 $336 $752 Age Band 4 (12-14 Years) $62 $193 $336 $752 Age Band 5 (15-17 Years) $62 $193 $336 $752 Age Band 6 (18 and Over) $62 $193 $336 $752   Aggressive Managed Allocation Option Age Band 1 (0-3 Years) $62 $193 $336 $752 Age Band 2 (4-7 Years) $62 $193 $336 $752 Age Band 3 (8-11 Years) $62 $193 $336 $752 Age Band 4 (12-14 Years) $62 $193 $336 $752 Age Band 5 (15-17 Years) $62 $193 $336 $752 Age Band 6 (18 and Over) $62 $193 $336 $752   High Equity Option $62 $193 $336 $752   100% Equity Index Option $62 $193 $336 $752   100% Fixed-Income Option $62 $193 $336 $752   Social Choice Option $62 $193 $336 $752   Money Market Option (Available February 18, 2008) $62 $193 $336 $752   Principal Plus Interest Option $0 $0 $0 $0 Additional Fees The table below indicates that there are no additional fees and expenses deducted from each Account/paid directly by the Participant.    Percent   Dollars  Application Fee   0% $0   Cancellation Fee   0% $0   Change in Beneficiary   0% $0   Change in Investment Options   0% $0   Other Charges as applicable   0% $0

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The tax information contained on the Connecticut Higher Education Trust (the Plan) Web site is not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding tax penalties that may be imposed on the taxpayer. It was written to support the promotion of the products and services addressed in the Web site. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor.

The Plan is administered by the Connecticut State Treasury. TIAA-CREF Tuition Financing, Inc. (TFI) serves as Program Manager.

The investment approaches described are not recommendations and do not take into consideration personal goals or preferences. After evaluating information you consider important in making an investment choice, the ultimate decision is up to you. It is a good idea to revisit your investment strategy periodically as your goals, personal financial situation, and market conditions change.

Consider the investment objectives, risks, charges and expenses before investing in the Plan. Please call toll-free 1-888-799-2438 for a Disclosure Booklet containing this information. Read it carefully.

Before investing in a 529 plan, you should consider whether the state you or your designated beneficiary reside in or have taxable income in has a 529 plan that offers favorable state income tax or other benefits that are only available if you invest in that state's 529 plan.

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