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College savings plan now includes e-gifting

moneyThe Connecticut Higher Education Trust (CHET), the state’s direct-sold 529 college savings plan, has made it easier to contribute to college savings accounts.

CHET is among the first 529 college savings plans in the country to launch e-gifting, an option that allows account holders to invite friends and family to donate to a CHET account with a few simple clicks online.

“When you think of all the occasions when parents are asked for gift ideas — birthdays, holidays, graduations — e-gifting provides a convenient way for family and friends to give a gift that truly lasts,” said State Treasurer Denise L. Nappier, trustee for CHET.

The CHET e-gifting option can be completed securely online without account or social security numbers.

The process is initiated by an account owner, who e-mails a link to family and friends. A gift giver can then click on the link, enter a gift amount and their banking information, and the payment is made into a CHET account.

The account owner receives notification of the deposit, and the gift giver has the option of downloading a “gift of education” certificate that can be wrapped, framed or inserted in a card and presented as a gift.

For more information about e-gifting, visit aboutchet.com/egift.

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