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Denise L. Nappier
  

  
      CHET - Connecticut's 529 College Savings Program    

To help you save for higher education, the State of Connecticut offers a tax-advantaged, low expense savings program.  CHET - Connecticut’s 529 College Savings Program provides families with an affordable way to save for higher education expenses, a choice of investment options, and the flexibility to use your savings at thousands of schools in the United States and abroad. 

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 program web site www.aboutchet.com, offers on-line enrollment and describes the range of CHET investment options. A CHET account can be opened by any individual, including a grandparent, family friend or neighbor.

 

     Three NEW Reasons to Check CHET Out!   

   1. Tax Deduction!
A proposal by State Treasurer Denise L. Nappier, approved by the 2006 state legislature, means that Connecticut now offers a state income tax deduction for contributions made on or after January 1, 2006 of up to $5,000 per taxpayer or $10,000 for taxpayers filing jointly.

For tax questions, please contact the Connecticut Department of Revenue Services at 1-800-382-9463.  For a list of frequently asked questions and answers regarding the tax deduction, click here.

   2. Lower Fees – Among the Lowest in the Country!
The already low annual fees are now reduced even further. Total program management and state oversight fees for CHET investment options have been lowered to 0.65 percent of the average daily net assets of the CHET program (except for the Principal Plus Interest option, for which the fee will remain 0.01 percent).

   3. More Investment Options to Help You Save!
CHET now offers five investment options, which vary in their investment strategy and degree of risk, allowing you to select an option or combination of options that best fit your higher education saving needs and investment philosophy.

Learn more about the advantages of saving for college with CHET! 

Visit the CHET website: www.aboutchet.com

Call the CHET toll-free telephone center, 1-888-799-CHET (2438),  Monday through Friday between 8 am and 11 pm.

Check out the CHET videos!

 

 

 

 

 

 

 

 

 

     CHET Yearly Advisory Board Meeting Minutes  

Congratulations to the 20 the
student winners, Grades K-6 in the
2009 CHET Big Dream! competition.

Visit http://www.chetdreambig.com/ to see more.