Transfer Funds from Another 529 College Savings Plan
Already have a 529 college savings plan account with another state and want to move the assets to a Vermont Higher Education Investment Plan account?

Complete the Rollover Form (PDF, 199KB) and return it to us along with your enrollment kit materials.

You are permitted to transfer funds from another 529 college savings plan to an account in the Vermont Higher Education Investment Plan 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 may wish to consult your tax advisor or the other 529 college savings plan before transferring funds. State and local taxes may apply. Amounts transferred from another qualified 529 college savings plan are eligible for the Vermont income 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.