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CHET Baby Scholars Program

Children may be eligible to receive up to $250 in grant money through the state of Connecticut’s new CHET Baby Scholars Program.


Eligibile Children:*

  1. Those who are less than 1-year old 
  2. Adopted children who have not yet celebrated their one-year adoption

* Children must be residents of Connecticut at the time a CHET Baby Scholars Enrollment Form is submitted on the child’s behalf.
 

What You Need To Do:

To receive grant money through the CHET Baby Scholars Program, a child must meet the criteria above and be named beneficiary of a CHET Advisor college savings plan. If the CHET Advisor account is opened with a minimum of $150, the state of Connecticut will deposit $250 into the account. If the account is opened with less than $150 (the minimum initial contribution for CHET Advisor is $50) then an initial grant of $100 will be awarded. If $150 is contributed (not including the $100 grant) to the account before the beneficiary’s fourth birthday or adoption anniversary, then an additional grant of $150 will be awarded by the state.

Your financial advisor can help you get started by helping you complete the CHET Advisor Account Application along with the CHET Advisor Baby Scholars Grant Enrollment Form. Talk to your financial advisor about setting up a CHET Advisor account today!


It’s Not Too Late!

If you’ve already established a CHET Advisor account for a beneficiary who meets the criteria, please complete the CHET Advisor Baby Scholars Grant Enrollment Form in order to qualify. The form, along with the CHET Advisor Baby Scholars rules, can be found at hartfordfunds.com/CHET. You can also contact the Service Center at 877-407-2828 if you have questions or would like the forms sent to you.

Please contact the CHET Advisor Service Center at 877-407-2828 if you have questions or would like additional information.

CHET Connecticut state seal logo

CHET Advisor is administered by the Treasurer of the State of Connecticut as the trustee of the Connecticut Higher Education Trust Program and Hartford Funds Management Company, LLC (“HFMC”) serves as Plan Manager.

Investments in CHET Advisor are not guaranteed or insured by the State of Connecticut, the Connecticut Higher Education Trust Program, the Connecticut State Treasurer's Office, HFMC, The Hartford Financial Services Group, Inc., the investment sub-advisors for the Underlying Funds or any depository institution and are subject to investment risks, including the loss of the principal amount invested, and may not be appropriate for all investors.

CHET Advisor is only available to account owners who are Connecticut (CT) residents. CT provides certain tax advantages to CT taxpayers that invest in CHET Advisor. Before investing, an investor should consider whether the investor’s or designated beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state’s 529 plan.

Investors should carefully consider the investment objectives, risks, charges and expenses of CHET Advisor and its Underlying Funds before investing. This and other information can be found in the Disclosure Booklet for CHET Advisor and the prospectuses or other disclosure documents for the Underlying Funds, which can be obtained in the College Savings pages of www.hartfordfunds.com or by calling 877-407-2828. Please read them carefully before investing or sending money. CHET Advisor is distributed by Hartford Funds Distributors, LLC. Member SIPC

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material. The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, your clients should consult their own tax or legal counsel for advice.

"The Hartford" is The Hartford Financial Services Group, Inc. and its subsidiaries.

No state funds have been used to produce these materials nor have materials been produced at taxpayer expense.

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