Portfolio | Estimated Underlying Fund Expenses1 | Program Manager Fee2 | State Fee3 | Miscellaneous Fee4 | Total Annual Asset-Based Fee5 | Annual Account Maintenance Fee6 |
---|---|---|---|---|---|---|
Bank Deposit Portfolio | 0.00%-0.40% | 0.00%-0.05% | 0.05% | N/A | 0.05%-0.50% | N/A |
Why open a CHET 529 college savings plan?
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 for a wide variety of expenses at any accredited university, college, or vocational school nationwide—and many abroad.
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
No annual account fees or minimums when you open a 529 account.
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. |
Withdrawals |
Qualified withdrawals are free from both federal and Connecticut income taxes. |
Account details |
|
Account maximum |
$300,000 per beneficiary* |
Investment expenses |
Fees vary, depending on your investment strategy:
|
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 information can currently be viewed in the plan Fact Kit (PDF). Composition of the portfolio including underlying fund(s) and asset allocations will be available on the web April 15, 2021.
|
Plan application & fact kit |
View the plan Fact Kit (PDF) and download the application and supporting documents. |
Additional resources |
|
Connecticut Office of the Treasurer Shawn T. Wooden
|
Improving financial literacy among Connecticut residents is a priority for the Office of the State Treasurer. Financial education is important during all stages of life, because economic opportunity can be a catalyst for change and enduring success.
|
Baby Scholars |
The CHET Baby Scholars program provides up to $250 toward a newborn's future college costs. Learn more
|
Scholarship program |
CHET is dedicated to helping Connecticut families find ways to afford college. Program details coming soon. Previous recipients of the CHET Advance Scholarship with questions about their award can contact ISTS Program Support at 855-670-ISTS (4787). |
Find out what you'll need before you open an account
Already have a 529 account? Fund your accountLog In Required
¿Necesitas ayuda en español?
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 y uno de nuestros representantes con la ayuda de un traductor te podrá asistir.
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.
Learn more
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.
See if you're on track to meet your college savings goals.
Get in touch
Dedicated college planning associates are available Monday–Friday from 8 a.m. to 9 p.m. ET
![]() |
Questions? 888-799-CHET(2438) |