Governor Ned Lamont

Financial Education

Connecticut Higher Education Trust

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. News: Computers Now Eligible Expense

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.

CHETlogo042314CHET has among the lowest fees in the industry, offers a choice of investment options, and is for all income levels. A CHET account may be opened with as little as $25, and contributions can be made using automatic deposit from checking or savings accounts or payroll deduction through participating employers.

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 TIAA-CREF, a financial services organization with more than 100 years of investment experience. It has 14 investment options. For information or materials call 1-888-799-CHET (2438) or visit   (haga clic aquí para español).

In 2010, the Treasurer established an agreement with the Hartford Financial Services company to be the program manager for CHET Advisor, the advisor-sold 529 program for Connecticut. The CHET Advisor plan has 18 investment options. For information or materials, call 877-407-2828 or visit

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 Fall 2018, the program will provide grants to high school seniors and ninth-grade students across Connecticut.

For more information, visit CHET Advance Scholarship on the Treasury website or

CHET Baby Scholars
CHET Baby Scholars encourages savings for newborns and newly-adopted children.  Newborns residing in Connecticut, up to one year old, and newly-adopted children, not later than the first anniversary of the adoption, are eligible to have a grant in the amount of $100 deposited into a CHET account.  If an additional $150 is saved in the account by the time the child is four (or, in the case of adoption, by the fourth anniversary of the adoption), the family is eligible to receive an additional $150.  For more information and to apply, visit   

Check CHET Out!

Visit the CHET Direct website:

Call the CHET Direct toll-free telephone center, 1-888-799-CHET (2438),  Monday through Friday between
8 am and 8 pm.