Öйú¾º²ÊÍø

Prepare for their future opportunities

Start now with VT529 

Whatever the age of the children in your life, just about any job or career those students aspire to in the future will require some form of education after high school. VT529, Vermont's official 529 savings plan, offers an easy way for parents, grandparents, and others to help save for that training, so that those opportunities will be available when they're needed. 

Plus, with VT529, you'll get  to make your savings go further, including a 10% on annual contributions to your VT529 account. 

What is a 529 plan? 

529 education savings plans are designed to help families set aside funds for future training costs, with tax advantages to help make saving easier. The plans are named after Section 529 of the Internal Revenue Code, which created these types of savings plans in 1996. Most 529 plans are operated by state agencies, like Öйú¾º²ÊÍø. The VT529 plan benefits prospective students of all ages, from babies to grad students and even adults returning to training.  

VT529 funds can help pay for tuition, computers, housing and meals or off-campus housing, travel, fees, and the costs for qualified apprenticeship programs or retraining at institutions throughout the U.S. (as well as at schools in Canada and around the world). You can even use the funds to pay back student loans. 

VT529 funds can be used for qualified:

✓ apprenticeships 

✓ certificate programs 

✓ technical education 

✓ college & grad school

... and more!

There is no age or time limit on when your savings are used. And if your intended beneficiary decides not to use the savings, you can transfer the funds to a different beneficiary. You are in control.

Get a Vermont tax credit. 

As Vermont's official 529 savings program, it is the only savings program that qualifies for a 10% on qualified annual contributions for higher education. Contributions deposited into a VT529 account by December 31 are eligible for a VT income tax credit (up to $250 per beneficiary account, or $500 per beneficiary account for joint tax filers). Learn how to .  

4 easy ways to save:

1. .
2. .
3. .
4. .

VT529 QUICK FACTS

For most families, saving enough to pay for the costs of higher education can seem overwhelming. But with planning, helping to pay for a college education and other training can be easier to achieve than you might think. Every dollar saved today will help you reduce what you may need to borrow later on. And research shows that saving even small amounts for college or training can make a difference in putting a child's future opportunities within reach.

Vermont's 529 program ...

... is sponsored by Öйú¾º²ÊÍø for the state of Vermont. It was created in 1999 by the Vermont Legislature as the Vermont Higher Education Investment Plan and is now also referred to as VT529.

... has a low minimum contribution; open an account with $25! Research shows that students from families who save even small amounts for education are three times more likely to go on to and complete college or other training.

... savings can be used at eligible higher education institutions throughout the U.S., including apprenticeship programs—as well as for many schools in Canada and around the world.

... savings can be used for tuition and fees, housing and meals, books and supplies, and education expenses for students with special needs.

... savings can be used for repayment of up to $10,000 per the lifetime of a beneficiary in student loans for post-secondary education.

… is the only 529 college savings plan that offers a Vermont state income tax credit on annual contributions.

… gifts can be made to another person's VT529 account. You do not have to own a VT529 account to . Plus, gifts made by a Vermont taxpayer into any VT529 account are eligible for the .