The Connecticut Higher Education Trust 529 College Savings Program

Sponsored by the Connecticut Office of the Treasurer Shawn T. Wooden and managed by Fidelity

Why open a CHET 529 college savings plan?

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 for a wide variety of expenses at any accredited university, college, or vocational school nationwide—and many abroad.

Many investment choices

Choose either an age-based strategy or a custom strategy based on your specific investment goals.

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

No annual account fees or minimums when you open a 529 account.

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.


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)

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 information can currently be viewed in the plan Fact Kit (PDF).  Composition of the portfolio including underlying fund(s) and asset allocations will be available on the web April 15, 2021.

This guide (PDF) provides information about CHET Program investment options, transition mapping, 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.

Additional resources

Connecticut Office of the Treasurer Shawn T. Wooden

Shawn Wooden_image

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.

The Treasurer's efforts of working with organizations throughout the state continue to successfully empower and equip individuals across Connecticut with the tools and training they need to help them build a better future.

Find out more about the state sponsor for this plan.

Baby Scholars

The CHET Baby Scholars program provides up to $250 toward a newborn's future college costs. Learn more

All qualified accounts opened on or after December 1, 2020 will receive their Baby Scholars deposit by April 2021.

Scholarship program

CHET is dedicated to helping Connecticut families find ways to afford college. Program details coming soon. Previous recipients of the CHET Advance Scholarship with questions about their award can contact ISTS Program Support at 855-670-ISTS (4787).

¿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 y uno de nuestros representantes con la ayuda de un traductor te podrá asistir.

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.

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.

Get in touch

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