Gift Of Education
The Vermont Higher Education Investment Plan, Vermont's official 529 college savings plan, offers flexibility and convenience:
-
choose from among three investment options
-
set up an automatic contribution plan for your convenience
-
contribute as little as $25 at a time or $15 per pay period
-
take advantage of tax benefits, including a 10% state income tax credit on contributions and state and federal tax-free earnings when used for qualified higher education expenses
-
use the money to cover qualified expenses at most colleges
In addition, the low fees of the Vermont Higher Education Investment Plan mean that more of your investment dollars are working for you.
Money magazine gives Vermont's plan high marks.
Create an account online, or request an enrollment kit.
The tax information herein is not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding tax penalties. It was written to support the promotion of the Vermont Higher Education Investment Plan. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor.
Consider the investment objectives, risks, charges and expenses before investing in the Vermont Higher Education Investment Plan. For details on the Managed Allocation Option, 100% Equity Option, and the Interest Income Option, refer to the Disclosure Booklet (PDF). Read the information carefully.
Before investing in a 529 plan, you should consider whether the state you or your designated beneficiary reside in or have taxable income in has a 529 plan that offers favorable state income tax or other benefits that are only available if you invest in that state's 529 plan.
TIAA-CREF Individual & Institutional Services, LLC member NASD and SIPC distribute securities products.
The State of Vermont, VSAC, TFI, Teachers Insurance and Annuity Association of America and its affiliates do not insure any Account or guarantee its principal or investment return. Account value will fluctuate based upon a number of factors, including general financial market conditions.
