OLYMPIA — When today’s newborn graduates from high school, tuition for a 4-year degree at our state’s top public university is projected to be over $146,000. With GET, Washington’s 529 prepaid tuition plan, the money families set aside for college is guaranteed to keep up with rising tuition.
That state guarantee is an important reason many of GET’s 152,000 account owners chose the program over other college savings options. GET is not dependent on the ups and downs of the market, so it takes the uncertainty out of knowing whether you’ll have saved enough.
Tips to GET started:
• Go to www.get.wa.gov to enroll online or download an enrollment form. Enrollment is open November 1, 2013 – May 31, 2014.
• One hundred GET units are equal to one year of resident undergraduate tuition and state-mandated fees at the UW or WSU. Remember that less expensive colleges require fewer units. More expensive private or out-of-state colleges require more units so families pay the difference. The payout value of each unit is the same no matter where it is used.
• Families can buy from 1 to 500 units for each student. The current unit price is $172.
• Accounts can be used at nearly any public or private college, university or technical school in the country.