The GET program’s 2019-2020 enrollment period comes to a close on May 31. Washington families still have time to start saving for future college costs with the state’s 529 prepaid tuition program.
As a 529 prepaid tuition program, the State of Washington guarantees that a family’s GET savings will keep pace with in-state tuition and state-mandated fees. While GET account values keep pace with in-state tuition, beneficiaries have the freedom to follow their ambitions wherever they choose, as GET can be used at nearly any public or private university, community college, or technical school in the country. GET units can even be used to pay the costs associated with apprenticeships and for certain student loan repayments.
The GET program is one of two college savings options offered by Washington College Savings Plans (WA529). The DreamAhead College Investment Plan was launched in 2018 to create additional choice and flexibility for families as they plan for college costs.
“Even during a crisis like COVID-19, it’s important to keep in perspective that your child’s dreams and your goals for their future are long-term,” says Washington College Savings Plans director, Luke Minor. “Building a savings strategy when kids are young and staying the course are essential to keeping those dreams moving forward. A GET account from WA529 is a great starting point.”
The Guaranteed Education Tuition (GET) program opened in 1998, and since then, thousands of Washington families have saved billions of dollars to go towards their students’ future higher education expenses. To date, GET has distributed over $1.2 billion to more than 56,000 students who have used their GET accounts to attend college in all 50 states and at least 15 countries worldwide.
GET’s website (get.wa.gov) offers details, charts, planning tools and answers to questions that families may have about the program. Accounts can be opened online, and the GET Contact Center is ready to help at (800) 955-2318 or GETInfo@wsac.wa.gov.