“CHET is dedicated to helping Connecticut families find ways to afford college. By offering a scholarship program to our youngest high schoolers across the state, we’re allowing account contributions more time to grow so by the time students start to draw on these accounts, compounding interest has had a chance to do its job.”
–CT State Treasurer and Trustee for CHET Shawn T. Wooden
No state funds are used for the scholarship awards issued under the CHET Advance Scholarship program. CHET Advance is administered under the banner of the Connecticut Higher Education Trust, Connecticut's 529 college savings plan. TIAA-CREF Tuition Financing, Inc. (TFI) and The Hartford, plan managers for CHET Direct-Sold and CHET Advisor-Sold, respectively, contribute annually into a Scholarship account to finance the Scholarship program, under their contracts with the Treasurer's Office to manage the CHET programs.
State Treasurer Shawn T. Wooden, as Trustee of the Connecticut Higher Education Trust (CHET), is the sponsor of the CHET Advance Scholarship.
CHET Advance Scholarship is funded by TIAA Tuition Financing, Inc. and The Hartford, plan managers for CHET Direct-Sold and CHET Advisor-Sold programs respectively; no state funds or CHET account participant fees are used for awards. International Scholarship and Tuition Services, which has more than 25 years of scholarship administration experience, manages the application process with oversight from TIAA and the State Treasurer’s Office.