The Connecticut Higher Education Trust 529 College Savings Program

Sponsored by the Connecticut Office of the Treasurer and managed by Fidelity, this 529 plan is open to both residents and nonresidents.

Tax advantages

Connecticut taxpayers are eligible to receive a Connecticut income tax deduction of up to $10,000 on contributions made to CHET.

Flexible use of funds

Use the funds for a wide range of college expenses at accredited schools nationwide—plus tuition expenses for K–12th grade, certain apprenticeship costs, and student loan repayments.

Many investment choices

Choose either an Age-Based Strategy or a Custom Strategy based on your specific investment goals.

Why invest in a 529 college savings plan with Fidelity?

College Savings Tools

Visit the Learning Center for different savings approaches, tactics to help increase your savings, and other options to help pay for school.

College Gifting Service

Friends and family can send gifts directly to your 529 with our free online college gifting service. Gifters don't need a Fidelity account.

Straightforward pricing

There are no annual account fees, no income restrictions, and no minimum balances required to open a 529 account. This tax-advantaged education savings account could help you hit your college savings goals.

Tax advantages


Any earnings grow federal and Connecticut income tax-deferred.


Contributions are deductible for Connecticut income tax purposes up to $5,000 per year for a single return or $10,000 per year for a joint return. If you exceed this amount, you can carry over the excess amount for the 5 taxable years following the deduction.

Use the 529 state tax deduction calculator to learn more.


Qualified withdrawals are free from both federal and Connecticut income taxes.

Account details

Account maximum

$300,000 per beneficiary*

Investment expenses

Fees vary, depending on your investment strategy:
0.50%–0.99% (Fidelity Funds)
0.11%–0.20% (Fidelity Index Funds)
0.40%–0.60% (Fidelity Blend)
0.05%–0.50% (Bank Deposit Portfolio)

For fee details, please view the CHET Fact Kit (PDF), starting on page 26.

Plan performance

View information on the funds' short-term performance since inception date of February 2, 2021 (when the funds were established at Fidelity), or average annual total returns by month or by quarter. Portfolio composition, including underlying fund(s) and asset allocations, can be viewed online under the Compositions tab, or in the Fact Kit (PDF), starting on page 48.

This CHET Program investment guide (PDF) provides information about investment options, performance details, fees and more.

Visit for the most recent annual report.

Plan application & fact kit

View the plan Fact Kit (PDF) and download the application and supporting documents.

Making payments

The Distribution Guide for Colleges and Universities (PDF) provides instructions for making payments to a school.

Additional resources

Connecticut Office of the Treasurer Shawn T. Wooden

Improving financial literacy among Connecticut residents is a priority for the Office of the State Treasurer. Financial education is important during all stages of life, because economic opportunity can be a catalyst for change and enduring success.

A major goal of the Office is to ensure the accessibility and affordability of these programs to youth, adults across the generations, and underserved populations in the state.

Find out more about the state sponsor for this plan.

Baby Scholars

The CHET Baby Scholars program provides $100 toward a newborn's future college costs.

Dream Big! Competition

CHET is dedicated to helping Connecticut families find ways to afford the costs of higher education. Learn more about the CHET Dream Big! Competition

Consider these tips from Fidelity customers who found easy ways to ask their family and friends to consider gifting to their 529 on gift-giving occasions.

Learn more

Learn about college planning

Access a library of courses, articles, and videos to learn more about planning and saving for college.

Get started with college savings

Understand what it's like to have an account, from choosing a plan to withdrawing funds.

Are you on track?

See if you're on track to meet your college savings goals.

¿Necesitas ayuda en español?

Como Ahorrar Para La Educación Superior (PDF)
Para ayuda en español a tus preguntas acerca del plan, como funciona y las opciones de inversión disponibles, por favor llama al 888-799-2438.  Nuestros especialistas en planificación de la educación, con la ayuda de un traductor, están disponibles para asistirte de lunes a viernes de 8 a.m. a 9 p.m. ET.

Abre una cuenta CHET
Descarga una solicitud para abrir una cuenta del plan de ahorros universitarios CHET y un paquete con los datos del plan.

Get in touch

Dedicated education planning associates are available Monday–Friday from 8 a.m. to 9 p.m. ET