Governor Ned Lamont

Financial Education

Financial Planning

When it comes to your financial well-being, it's never too early (or too late) to begin planning. Understanding your financial needs and goals is the first step in achieving a sound financial future. The Treasurer's Office supports programs that will help Connecticut families plan for important financial goals.

CHET - Connecticut‘s 529 College Savings Program

The Connecticut Higher Education Trust (CHET) is Connecticut's only state-sponsored 529 college savings program. The Connecticut State Treasurer is the trustee of CHET. CHET accounts help families plan and save for college in a tax-advantaged investment vehicle. CHET features state and federal tax free earnings and withdrawals on qualified higher education expenses. 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. CHET has among the lowest fees in the industry, offers a choice of investment options, and can be used at thousands of higher education institutions in the United States and abroad. CHET is for all income levels, and accounts can be opened with as little as $25 (or $15 per pay period if your employer offers this service).

CHET Direct-Sold is professionally managed by TIAA-CREF Tuition Financing Inc., 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 17 investment options. For information or materials, call 877-407-2828 or visit

College Savings Planning Seminars & Forums

The Treasurer's Office partners with TIAA-CREF Tuition Financing Inc., a program manager for CHET, to offer college savings planning programs at schools, companies, libraries and other forums on the benefits of saving for college through CHET. For information or to make arrangements, please call (888) 799-CHET (888-799-2438) or visit the website at

CHESLA - The Connecticut Higher Education Supplemental Loan Authority

The Connecticut Higher Education Supplemental Loan Authority (CHESLA) is a quasi-public state authority created to help students and their families finance the cost of higher education.  It serves as an alternative source of loan funds for students and families.  Visit for details.

CT Dollars & Sense

The CT Dollars & Sense website is a one-stop resource for planning, saving and paying for college.  It offers "the information that you need -- whether you're trying to save, looking for scholarships, considering a loan or just want to figure out how to put it all together."  The website combinees college planning and financial literacy information from CHET, CHESLA, the Office of Higher Education, the Department of Banking, and the Department of Consumer Protection. Visit  

Individual Development Accounts

The goal of Individual Development Accounts is to provide Connecticut's working families with new opportunities to build assets and improve their knowledge of personal finance on the road to economic self-sufficiency.

Individual Development Accounts (IDAs) are savings accounts that provide public and private matching funds for people with modest incomes to save for first-time home purchases, job training and education, business start-ups, automobiles to secure employment, lease deposits and education for a dependent child. Eligible families receive extensive financial education and training so they can achieve their identified goals.

Account owners are required to participate in the financial education component. Under the program, account holders must maintain regular bank account deposits over the program savings period. Matching funds are not released to the account owner until savings goals are met.

 State Treasurer Denise L. Nappier started this program in 2000 after chairing a statewide task force that included financial institutions, community organizers, and representatives from state and local government. The task force produced an in-depth report on how to help low-income families become economically self-sufficient.The report led to a 2000 law, a summary of which can be vieweed here: Connecticut IDA Act.

The Connecticut Department of Labor operates the IDA program. It has a website with useful information for program operators, financial institutions, funders, policymakers, community agencies and everyone interested in IDAs. It can be accessed here: For further information, contact Lisa Arends, (860) 263-6794.

This National Endowment for Financial Education (NEFE) website offers practical articles, worksheet, tips, and valuable services from the web to help with the financial implications of major life events, major purchases and investing for the future. Visit

This website offers advice about personal finance, money management, budgeting, saving, debt, student loans, real estate, business finance and retirement.  Visit