Home / FAQ / Frequently Asked Questions - Rollovers and Transfers Can I roll over funds from another 529 plan into VHEIP? Can I transfer assets in a Coverdell Education Savings Account to VHEIP? Can assets from an UGMA/UTMA account be transferred to VHEIP? Do rollovers from another state's 529 plan qualify for the Vermont tax credit? Can I roll over funds from another 529 plan into VHEIP? You are permitted to transfer funds from another 529 college savings plan to an account in VHEIP for the same beneficiary once within a 12-month period without incurring federal income tax. The 529 college savings plan from which you are transferring funds may be subject to differences in features, costs and surrender charges You should consult with your tax advisor or the other 529 college savings plan. State and local taxes may apply. To do a rollover, use the Rollover Form (PDF, 51KB). Can I transfer assets in a Coverdell Education Savings Account to VHEIP? Yes, but you should discuss this with your financial advisor to determine if there are any tax or other consequences. To do a transfer, use the Rollover Form (PDF, 56KB). Can assets from an UGMA/UTMA account be transferred to VHEIP? Yes, though transferring UGMA/UTMA assets into a 529 plan account may result in a tax liability. You should discuss this with your financial advisor. Do rollovers from another state's 529 plan qualify for the Vermont income tax deduction? Yes, amounts transferred from another 529 college savings plan are eligible for the Vermont tax credit. Pursuant to the Vermont Department of Taxes Technical Bulletin (TB-33), rollovers from another state's qualified tuition plan into the VHEIP are eligible for the income tax credit to the extent the amounts were previously contributed to the other plan and provided the funds remain in the VHEIP for the remainder of the taxable year in which the funds were rolled into the VHEIP. Read more FAQs.

WE'RE HERE TO HELP Have a question you don't see listed? Need clarification? Call us toll-free at 1-800-637-5860 We're available 8:00 am - 8:00 pm Eastern Time, Monday - Friday Don't forget you can set up an Automatic Contribution Plan (PDF, 157KB) or use Payroll Deduction (PDF, 45KB) for your contributions (if offered by your employer). PDF files require the free Adobe Acrobat Reader. Get it here. Access our glossary for the meanings of terms used throughout this site. Tell a Friend Let a friend know about the Vermont Higher Education Investment Plan. Calculate Your Savings Need Compare College Savings Options Questions? Call 1-800-637-5860 Vermont Student Assistance Corp. VSAC information & tools personalized for you!

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The tax information contained on the Vermont Higher Education Investment Plan (the Plan) Web site is not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding tax penalties that may be imposed on the taxpayer. It was written to support the promotion of the products and services addressed in the Web site. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor.

The Plan is administered by the Vermont Student Assistance Corp. (VSAC). TIAA-CREF Tuition Financing, Inc. (TFI) serves as Program Manager. TFI's affiliate, TIAA-CREF Individual & Institutional Services, LLC, is the distributor. The Plan Web site contains information about the Managed Allocation Option, 100% Equity Option and the Interest Income Option. Investment management for the Managed Allocation and 100% Equity Options is provided by TFI while investment management of the Interest Income Option is provided by VSAC.

The investment approaches described are not recommendations and do not take into consideration personal goals or preferences. After evaluating information you consider important in making an investment choice, the ultimate decision is up to you. It is a good idea to revisit your investment strategy periodically as your goals, personal financial situation, and market conditions change.

Consider the investment objectives, risks, charges and expenses before investing in the Plan. Please call toll-free 1-800-637-5860 for a Disclosure Booklet containing this information. Read it carefully.

Before investing in a 529 plan, you should consider whether the state you or your designated beneficiary reside in or have taxable income in has a 529 plan that offers favorable state income tax or other benefits that are only available if you invest in that state's 529 plan.

The State of Vermont, its agencies, VSAC, TIAA-CREF Tuition Financing, Inc., Teachers Insurance and Annuity Association of America and its affiliates do not insure any Account in the Plan or guarantee its principal or investment return. Account value will fluctuate based upon a number of factors, including general market conditions.

The Plan Web site is for informational purposes only, and does not constitute an offer to sell or solicitation of an offer to buy any security that may be referenced on the site. Such offer or solicitation can be made only through the Disclosure Booklet.

The Plan Web site contains links to other Web sites. Neither the Plan nor TFI and its affiliates are responsible for the content of those other Web sites. The accuracy of information on those sites cannot be confirmed.