Home / Our Plan / Flexible Choice of Investments - VHEIP offers you a choice of three investment options: Managed Allocation Option, 100% Equity Option, and Interest Income Option.  These options vary in their investment strategy and degree of risk, allowing you to select an option or combination of options that fits your needs and investment philosophy. Anyone May Open an Account - Parents, grandparents, relatives and friends who are U.S. citizens or resident aliens may open an account and contribute to VHEIP on behalf of a beneficiary. Vermont state residency is not required.  No Income or Annual Contribution Limits - There are no income limits and no annual contribution limits.  No Annual Contribution Limits; Overall Maximum Account Balance Limit of $240,100 - There is no annual limit on the amount you may contribute. However, there is an overall maximum account balance limit of $240,100 which applies to all accounts opened for a beneficiary. An account owner may contribute to a beneficiary's account if, at the time of the contribution, the total balance of all accounts for that beneficiary does not exceed $240,100. Accounts that have reached the Maximum Account Balance Limit may continue to accrue earnings.  Low Minimum Contribution - You can open an account with a $25 check, money order, electronic funds transfer, or through the Automatic Contribution Plan. You can also contribute as little as $15 per investment option per pay period using payroll deduction through participating employers. Each account can have only one account owner and one beneficiary. However, each beneficiary may have more than one account and you may open separate accounts for as many different beneficiaries as you wish. If you want to invest in more than one investment option, you must contribute a minimum of $25 per investment option per beneficiary, or $15 per investment option per account if you are using payroll deduction.  Transfer to Another Beneficiary - If your beneficiary does not attend an eligible educational institution, you may name another eligible beneficiary for your account. The new beneficiary must be a member of the previous beneficiary's family, as described in the VHEIP Disclosure Booklet and Participation Agreements (PDF, 435KB), in order to avoid having this change treated as a non-qualified withdrawal. PDF files require the free Adobe Acrobat Reader. Get it here.

HELPFUL HINTS Read more about VHEIP's features: Tax Advantaged Low Cost Flexible Managed By A Leading Financial Services Provider Funds Can Be Used at Eligible Schools Nationwide Easy Access to Your Account Information Investment Options Investment Performance Learn why it's so important to start now. 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). Check out our FAQ and read the VHEIP Disclosure Booklet and Participation Agreements (PDF, 435KB). Learn how to transfer funds from another 529 College Savings Plan 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.