Plan for education after high school with VT529
Saving for education with VT529 helps your loved ones prepare for future education and offers federal and state tax benefits to make those savings go further
It’s never too early—or too late—to start saving.
VT529 is Vermont’s official 529 education savings plan, designed to help families plan ahead for college, career training, and other education goals. With a 10% Vermont income tax credit on annual contributions to your account, plus federal tax advantages, what you save can grow.
Start or Grow an Education Fund
There is no age or time limit on when your savings can be used. And if you loved one decides not to use the savings, you can transfer the funds to another beneficiary.
Open an account with a contribution of $25 or more
Easily make recurring contributions
Give a gift contribution to a loved one’s account
Why save for education?
Education after high school is one of the most important investments you can make in your child's or loved one’s future. Just about any job or career a student aspires to have requires some form of college or training after high school. Studies show that students from families who get started with consistent contributions for education are more than three times as likely to attend and complete college.
The results of that investment continue for a lifetime: Reports show that college graduates experience higher earnings, higher job satisfaction, and healthier lifestyles than individuals without a college degree.
Your savings adds up over time
By saving early and contributing regularly now, you’ll be better able to help pay for college or training when your children are ready. Even small amounts can add up over time, as your child grows. Online estimates can help you understand what a 529 account might accumulate by setting aside monthly contributions for 5, 10, 15, and 18 years.
Your savings reduce future costs
Because most families are unable to save 100% of the costs for education after high school, students and their parents typically rely on financial aid and education loans to pay for at least part of their education expenses. By putting aside even a modest amount of savings today, families can reduce their reliance on loans and earn interest rather than pay interest on money borrowed to cover those costs. Saving and investing for college instead of relying on loans can cut your costs by more than half.
VT529 funds can be used for more than college tuition
VT529 savings can help pay for tuition, computers, housing, meals, travel, fees, and the costs for qualified programs or training 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 programs including:
Apprenticeships
Certificate programs
Technical education
College and grad school
And more!