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The Connecticut Higher Education Trust 529 College Savings Program

Sponsored by the Connecticut Office of the Treasurer and managed by Fidelity, this 529 plan is open to both residents and nonresidents.

Open a 529 account

Tax advantages

Connecticut taxpayers are eligible to receive a Connecticut income tax deduction of up to $10,000 on contributions made to CHET.

Flexible use of funds

Use the funds for a wide range of college expenses at accredited schools nationwide—plus tuition expenses for K–12th grade, certain apprenticeship costs, and student loan repayments.¹

Many investment choices

Choose either an Age-Based Strategy or a Custom Strategy based on your specific investment goals.

College Savings Tools

Visit the Learning Center for different savings approaches, tactics to help increase your savings, and other options to help pay for school.

College Gifting Service

Friends and family can send gifts directly to your 529 with our free online college gifting service. Gifters don't need a Fidelity account.

Straightforward pricing

There are no annual account fees, no income restrictions, and no minimum balances required to open a 529 account. This tax-advantaged education savings account could help you hit your college savings goals.

Morningstar silver rating logo

The CHET 529 College Savings Plan received Morningstar’s 2024 Silver Rating.²

Read Morningstar's 529 industry report

Tax advantages
Earnings	Any earnings grow federal and Connecticut income tax-deferred.
Contributions	Contributions are deductible for Connecticut income tax purposes up to $5,000 per year for a single return or $10,000 per year for a joint return. If you exceed this amount, you can carry over the excess amount for the 5 taxable years following the deduction. Use the 529 state tax deduction calculator to learn more.
Withdrawals	Qualified withdrawals are free from both federal and Connecticut income taxes.
Account details
Account maximum	$550,000 effective October 1, 2022³
Investment expenses	Fees vary, depending on your investment strategy: 0.47%–0.95% (Fidelity Funds) 0.10%–0.20% (Fidelity Index Funds) 0.40%–0.62% (Fidelity Blend) 0.05%–0.50% (Bank Deposit Portfolio) For fee details, please view the CHET Fact Kit (PDF).
Plan performance	View information on the funds' short-term performance since inception date of February 2, 2021 (when the funds were established at Fidelity), or average annual total returns by month or by quarter. Portfolio composition, including underlying fund(s) and asset allocations, can be viewed online under the Compositions tab, or in the Fact Kit (PDF). Download the annual report (PDF)
Plan application & fact kit	View the plan Fact Kit (PDF) and download the application and supporting documents.
Making payments	The Distribution Guide for Colleges and Universities (PDF) provides instructions for making payments to a school.
Additional resources
	Connecticut Office of the Treasurer Erick Russell The Treasurer works with organizations throughout the state to help provide programs and assistance that can empower the people of Connecticut with information and training to help them build a better future. Find out more about the state sponsor for this plan.
Baby Scholars	The CHET Baby Scholars program provides $100 toward a newborn's future college costs.
Dream Big! Competition	CHET is dedicated to helping Connecticut families find ways to afford the costs of higher education. Learn more about the CHET Dream Big! Competition

Consider these tips from Fidelity customers who found easy ways to ask their family and friends to consider gifting to their 529 on gift-giving occasions.

Open a 529 account

Find out what you'll need before you open an account

Already have a 529 account? Fund your accountLog In Required

Learn about college planning

Access a library of courses, articles, and videos to learn more about planning and saving for college.

Get started with college savings

Understand what it's like to have an account, from choosing a plan to withdrawing funds.

Are you on track?

Anyone can use our college savings calculator to figure out how much to save each month. Login or become a member to create a personalized savings planLog In Required and track your progress.

Como Ahorrar Para La Educación Superior (PDF)
Para ayuda en español a tus preguntas acerca del plan, como funciona y las opciones de inversión disponibles, por favor llama al 888-799-2438. Nuestros especialistas en planificación de la educación, con la ayuda de un traductor, están disponibles para asistirte de lunes a viernes de 8 a.m. a 9 p.m. ET.

Abre una cuenta CHET
Descarga una solicitud para abrir una cuenta del plan de ahorros universitarios CHET y un paquete con los datos del plan.

Get in touch

Dedicated education planning associates are available Monday–Friday from 8 a.m. to 9 p.m. ET

Questions?

888-799-CHET(2438)

Chat with a
representative

Although the underlying deposits are eligible for FDIC insurance, subject to applicable federal deposit insurance limits, the units of the Bank Deposit Portfolio are not insured or guaranteed by the FDIC or any other government agency. You are responsible for monitoring the total amount of your assets on deposit at the depository bank, including amounts held directly at the depository bank. All such deposits held in the same ownership capacity at the depository bank are subject to aggregation and to the current FDIC insurance coverage limitation of $250,000. Please see your 529 Fact Kit for more details.

Portfolio	Estimated Underlying Fund and Management Expenses¹	Program Manager Fee²	State Fee³	Miscellaneous Fee⁴	Total Annual Asset-Based Fee⁵	Annual Account Maintenance Fee⁶
CT Portfolio 2042 (Fidelity Funds)	0.66%	0.16%	0.01%	N/A	0.83%	N/A
CT Portfolio 2039 (Fidelity Funds)	0.63%	0.16%	0.01%	N/A	0.80%	N/A
CT Portfolio 2036 (Fidelity Funds)	0.60%	0.16%	0.01%	N/A	0.77%	N/A
CT Portfolio 2033 (Fidelity Funds)	0.57%	0.16%	0.01%	N/A	0.74%	N/A
CT Portfolio 2030 (Fidelity Funds)	0.53%	0.16%	0.01%	N/A	0.70%	N/A
CT Portfolio 2027 (Fidelity Funds)	0.47%	0.16%	0.01%	N/A	0.64%	N/A
CT Portfolio 2024 (Fidelity Funds)	0.44%	0.16%	0.01%	N/A	0.61%	N/A
CT College Portfolio (Fidelity Funds)	0.43%	0.16%	0.01%	N/A	0.60%	N/A
CT Aggressive Growth Portfolio (Fidelity Funds)	0.78%	0.16%	0.01%	N/A	0.95%	N/A
CT Moderate Growth Portfolio (Fidelity Funds)	0.67%	0.16%	0.01%	N/A	0.84%	N/A
CT Conservative Portfolio (Fidelity Funds)	0.30%	0.16%	0.01%	N/A	0.47%	N/A
CT Stable Value Portfolio	0.45%	0.07%	0.01%	N/A	0.53%	N/A

Portfolio	Estimated Underlying Fund and Management Expenses¹	Program Manager Fee²	State Fee³	Miscellaneous Fee⁴	Total Annual Asset-Based Fee⁵	Annual Account Maintenance Fee⁶
CT Portfolio 2042 (Fidelity Index)	0.05%	0.08%	0.01%	N/A	0.14%	N/A
CT Portfolio 2039 (Fidelity Index)	0.05%	0.08%	0.01%	N/A	0.14%	N/A
CT Portfolio 2036 (Fidelity Index)	0.05%	0.08%	0.01%	N/A	0.14%	N/A
CT Portfolio 2033 (Fidelity Index)	0.05%	0.08%	0.01%	N/A	0.14%	N/A
CT Portfolio 2030 (Fidelity Index)	0.05%	0.08%	0.01%	N/A	0.14%	N/A
CT Portfolio 2027 (Fidelity Index)	0.05%	0.08%	0.01%	N/A	0.14%	N/A
CT Portfolio 2024 (Fidelity Index)	0.05%	0.08%	0.01%	N/A	0.14%	N/A
CT College Portfolio (Fidelity Index)	0.05%	0.08%	0.01%	N/A	0.14%	N/A
CT Aggressive Growth Portfolio (Fidelity Index)	0.04%	0.08%	0.01%	N/A	0.13%	N/A
CT Moderate Growth Portfolio (Fidelity Index)	0.04%	0.08%	0.01%	N/A	0.13%	N/A
CT Conservative Portfolio (Fidelity Index)	0.04%	0.08%	0.01%	N/A	0.13%	N/A
CT Intermediate Treasury Index Portfolio	0.03%	0.08%	0.01%	N/A	0.12%	N/A
CT International Index Portfolio	0.05%	0.08%	0.01%	N/A	0.14%	N/A
CT Fidelity 500 Index Portfolio	0.01%	0.08%	0.01%	N/A	0.10%	N/A
CT Total Market Index Portfolio	0.02%	0.08%	0.01%	N/A	0.11%	N/A
CT U.S. Sustainability Index Portfolio	0.11%	0.08%	0.01%	N/A	0.20%	N/A

Portfolio	Estimated Underlying Fund and Management Expenses¹	Program Manager Fee²	State Fee³	Miscellaneous Fee⁴	Total Annual Asset-Based Fee⁵	Annual Account Maintenance Fee⁶
CT Portfolio 2042 (Blend)	0.47%	0.11%	0.01%	N/A	0.59%	N/A
CT Portfolio 2039 (Blend)	0.44%	0.11%	0.01%	N/A	0.56%	N/A
CT Portfolio 2036 (Blend)	0.42%	0.11%	0.01%	N/A	0.54%	N/A
CT Portfolio 2033 (Blend)	0.39%	0.11%	0.01%	N/A	0.51%	N/A
CT Portfolio 2030 (Blend)	0.36%	0.11%	0.01%	N/A	0.48%	N/A
CT Portfolio 2027 (Blend)	0.32%	0.11%	0.01%	N/A	0.44%	N/A
CT Portfolio 2024 (Blend)	0.29%	0.11%	0.01%	N/A	0.41%	N/A
CT College Portfolio (Blend)	0.28%	0.11%	0.01%	N/A	0.40%	N/A
CT Sustainable Multi-Asset Portfolio	0.50%	0.11%	0.01%	N/A	0.62%	N/A

The Connecticut Higher Education Trust 529 College Savings Program

Why invest in a 529 college savings plan with Fidelity?

Tax advantages

Account details

Additional resources

How to ask for gifts to a 529 account

Learn more

¿Necesitas ayuda en español?

Get in touch

CHET 529 College Savings Plan Fee and Expense Structure as of 1/2/2025: Fidelity Funds

CHET 529 College Savings Plan Fee and Expense Structure as of 1/2/2025: Fidelity Index Funds

CHET 529 College Savings Plan Fee and Expense Structure as of 1/2/2025: Fidelity Blend

CHET 529 College Savings Plan Fee and Expense Structure as of 1/2/2025: CT Bank Deposit Portfolio

Mutual Funds and Mutual Fund Investing - Fidelity Investments

The Connecticut Higher Education Trust 529 College Savings Program

Why invest in a 529 college savings plan with Fidelity?

Tax advantages

Account details

Additional resources

How to ask for gifts to a 529 account

Learn more

¿Necesitas ayuda en español?

Get in touch