Vermont Higher Education Investment Plan (VHEIP)
The Vermont Higher Education Investment Plan is a 529 college savings plan designed to help families save for future education expenses. One unique aspect of this plan is its flexibility in investment options, offering a wide range of investment portfolios managed by well-known financial firms. Additionally, the plan allows for tax-free growth and withdrawals when funds are used for qualified education expenses. Another distinctive feature is the state's matching grant program, where eligible Vermont residents can receive a dollar-for-dollar match on their contributions, up to a certain limit, further boosting their savings potential. Overall, the plan provides Vermont residents with a convenient and advantageous way to save for higher education costs.
EnrollState Tax Incentive
10% tax credit on up to $2,500 single / $5,000 joint beneficiary (maximum $250 tax credit per taxpayer, per beneficiary)
Program Manager
Intuition College Savings Solutions
Investment Manager(s)
TIAA, Vanguard, DFA
Plan type
Direct
Investments
Guided Investments
age-based
ESG Investments
No
Avg. expense fee
0.335%
Fee Range
0.32%-0.35%
Ratings
Backer Rating
Our rating is based on fees and tax savings advantages.
40%
for VT residents
31%
non-residents
Saving For College
Unbiased, independent resource for parents.
4.5
for VT residents
4
non-residents
Other
Connect with Mint.com
Track your finances in one place.
Yes
Connect with Backer
Full end to end enrollment, gifting and plan management.
Enrollment
Mobile app
Backer App covers this plan.
No
General Recommendation
This is a direct sold 529 plan, not rated by Morningstar.
