Enrollment opens November 1 for Washington’s GET Prepaid Tuition Program

Saturday, October 31, 2020

Washington State’s Guaranteed Education Tuition (GET) program opens Sunday, November 1 for a new enrollment period, providing families a fresh opportunity to start saving for future college costs while their children are young.

The 2020-2021 enrollment period runs through May 31, 2021, with a unit purchase price of $133.

As a 529 prepaid tuition program, the state of Washington guarantees that a family’s GET savings will keep pace with in-state college tuition and state-mandated fees. 

While GET account values are based on Washington tuition rates, students 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. 

New this year, GET and other 529 plans can also be used to pay for apprenticeship programs and certain student loan repayments.

The 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 55,000 students who have used their GET accounts to attend college in all 50 states and 15 countries worldwide.

GET is one of two college savings options offered by Washington College Savings Plans (WA529). In addition to GET, WA529 also offers the country's newest investment-based 529 plan, DreamAhead

Launched in 2018, DreamAhead has already received national recognition and high marks from investment research firm Morningstar, Inc., who released its 2020 529 plan ratings this week. In its review, Morningstar awarded DreamAhead a Bronze medal, pointing out competitive fees and a solid investment lineup that it says, "will serve Washingtonians well.”

“Families often ask us when they should start saving for future college costs,” says Washington College Savings Plans director, Luke Minor. “Our response is simple: ‘It’s never too early to get started.’”


WA529’s freshly redesigned website (wastate529.wa.gov) offers details, charts, planning tools and answers for questions that families may have about the programs. 

Washington residents who want to help a student save for future education costs can open a GET or DreamAhead account online with no enrollment fee. The GET contact center staff is ready to help at 800-955-2318 or GETInfo@wsac.wa.gov

For questions about DreamAhead, the DreamAhead contact center can be reached at 844-529-5845.

About WA529

The Committee on Advanced Tuition Payment and College Savings, commonly referred to as the WA529 Committee, provides oversight and sets program policies. The Washington Student Achievement Council supports and helps administer the programs, based on the Committee’s direction. 

The five-member committee consists of the executive director of the Washington Student Achievement Council, the State Treasurer, the director of the Office of Financial Management, and two citizen representatives. The State Actuary and GET’s State Investment Board liaison provide expertise and advise the committee as needed.



0 comments:

Post a Comment

We encourage the thoughtful sharing of information and ideas. We expect comments to be civil and respectful, with no personal attacks or offensive language. We reserve the right to delete any comment.

ShorelineAreaNews.com
Facebook: Shoreline Area News
Twitter: @ShorelineArea
Daily Email edition (don't forget to respond to the FeedBurner email)

  © Blogger template The Professional Template II by Ourblogtemplates.com 2009

Back to TOP