OLYMPIA — Washington families have until May 31 to enroll in the Guaranteed Education Tuition (GET) program to start saving for future education costs.
This year, the purchase price of a GET unit exactly matches the payout value, which provides the opportunity to prepay future tuition costs by locking in today’s rates.
Once a GET account is open, the last day to add units to an existing account at the current price of $116.63 is June 25 this year.
GET is a 529 prepaid tuition program, carrying a state-backed guarantee that units purchased today will always keep pace with in-state college tuition costs.
But while GET account values are based on Washington tuition rates, students have the freedom to follow their ambitions wherever they choose.
“Whether your student’s future plans include college, trade school, or another form of career-readiness training, GET is a great way to ensure those dreams become reality,” said Luke Minor, Washington College Savings Plans director.
Savings in GET grow tax-free.
The GET program opened in 1998. It is one of two college savings options offered by Washington College Savings Plans.
The DreamAhead College Investment Plan was launched in 2018.
For more information, see 529.wa.gov, call 800-955-2318 or write GETInfo@wsac.wa.gov.