the Vermont Higher Education Investment Plan (VHEIP) has reached $350 million in assets, the Vermont Student Assistance Corp. (VSAC) announced.
 
VHEIP has over 20,000 accounts and has been the source of more than $143 million to assist about 5,800 students since its inception.
 
The state’s 529 plan offers a nonrefundable tax credit on 10 percent of the first $2,500 contributed to a recipient, according to VSAC.
 
“All Vermonters will need some form of education or training after high school to be ready for Vermont’s future jobs. And, we know that students from families who save even a small amount for education are three times more likely to continue their education,” said Scott Giles, president and CEO of VSAC.