The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
008
:
VERMONT UNIVERSAL CHILDREN'S HIGHER EDUCATION SAVINGS ACCOUNT PROGRAM
(Cite as: 16 V.S.A. § 2880d)
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§ 2880d. Vermont Higher Education Investment Plan accounts; matching allocations for families
with limited income
(a) The Corporation shall invite the parents or legal guardians of each Program beneficiary
to open a Vermont Higher Education Investment Plan account on the beneficiary’s behalf.
(b) The beneficiary, his or her parents or legal guardians, other individuals, and private
and public entities may make additional deposits into a beneficiary’s Investment Plan
account.
(c) Annually, the Corporation shall deposit into the Program Fund a matching allocation
of up to $250.00 per eligible child on a dollar-to-dollar basis for contributions
made that year to a single Investment Plan account established for the child under
this section, provided that at the time of deposit, the eligible child has a family
income of less than 250 percent of the federal poverty level.
(d) Notwithstanding subsection (c) of this section, if the available funds in a given
calendar year are insufficient to provide for the maximum allocation amounts under
this subsection, the Corporation shall prorate the allocations accordingly. (Added 2015, No. 45, § 2.)