COVID-19 updates & ways VSAC can help
Save for college & training with VHEIP
CREATE OPPORTUNITIES FOR TOMORROW
Just about any job your children or loved ones aspire to will require some form of education after high school. Saving now for that training creates opportunities for the future, and the VT 529 plan is an easy way for parents, grandparents, and friends to help families prepare for those education goals.
Give the gift of education.
Vermont’s 529 savings plan is an easy way for parents, grandparents, and friends to help kids save for college and training. Choose from 4 options:
- Open a NEW VHEIP account.
- Add to an EXISTING VHEIP account owned by someone else.
- Purchase or redeem a Gift of College gift card.
- Account owners: Invite others to give a gift to your VHEIP accounts via eGift.
Get a Vermont tax credit.
The Vermont Higher Education Investment Plan is the only savings program that qualifies for a 10% Vermont state income tax credit on qualified annual contributions for higher education (up to $250 per child per account, or $500 per child for joint tax filers). Contributions made by a Vermont taxpayer directly into any VHEIP account are eligible.
VHEIP QUICK FACTS
For most families, saving enough to pay for the costs of higher education can seem overwhelming. But with planning, helping to pay for a college education and other training can be easier to achieve than you might think. Every dollar saved today will help you reduce what you may need to borrow later on. And research shows that saving even small amounts for college or training can make a difference in putting a child's future opportunities within reach.
Saving with Vermont's 529 plan during COVID-19: A message from Scott Giles, VSAC president & CEO.
For more updates about COVID-19 & ways VSAC can assist you, click here.
… is administered by VSAC for the state of Vermont
... has a low minimum contribution; open an account with just $25! Research shows that students from families who save even small amounts for education are three times more likely to go on to and complete college or other training.
... savings can be used at eligible higher education institutions throughout the U.S.—as well as many schools in Canada and around the world
... savings can be used for tuition and fees, room and board, books and supplies, and education expenses for students with special needs
… is the only 529 college savings plan that offers a Vermont state income tax credit on annual contributions
… gifts can be made to another person's VHEIP account. You do not have to own a VHEIP account to give a gift for a child or loved one. Learn more. Plus, gifts made by a Vermont taxpayer into any VHEIP account are eligible for the Vermont state income tax credit.