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VSAC announces a new program manager for Vermont’s official 529 college savings plan, the Vermont Higher Education Investment Plan.

Read the Press Release. (PDF)

FAQs about the change.

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Vermont Higher Education Investment Plan (VHEIP)

The Vermont Higher Education Investment Plan (VHEIP), Vermont’s official 529 college savings plan, is designed to encourage Vermonters to invest for college or other post-high school programs. You can contribute even small amounts. Favorable tax treatment may help boost the growth of your contributions and earnings.

Visit VHEIP now.

Exceptional tax breaks

VHEIP is the only 529 college savings plan that offers Vermonters exceptional tax breaks on both federal and state taxes. In Vermont, tax breaks include:

  1. an income tax credit on contributions
  2. As of the 2009 tax year, the tax credit (the reduction in taxes owed) is 10 percent of the first $2,500 contributed annually, or up to $250, per taxpayer per beneficiary.
  3. an income tax exemption on earnings (when used for qualified higher education expenses).
  4. Earnings are federally tax-deferred and, if part of qualified withdrawals, free of federal and Vermont income tax. When you make withdrawals for qualified expenses, 100 percent of your money will be available for qualified higher education expenses.
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Additional Resources


Plan to Meet College Costs
Investment Strategy: Dollar Cost Averaging
Tax Breaks for College (chart)


Managing the Price of College - U.S. Department of Education.
College Cost Projector - Estimate how much it will cost to attend college.
TIAA-CREF - Teachers Insurance and Annuity Association College Retirement Equities Fund.
Identity Theft - The Federal Trade Commission's site on how to avoid, detect, and deter identity theft.

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