Washington Guaranteed Education Tuition: GET the Outlook

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GET-OutlookThe Guaranteed Education Tuition Program, GET, is the second-largest and fastest-growing prepaid tuition plan in the nation.  At the close of the 2013 enrollment period, there were over 152,000 accounts.

Currently in its sixteenth year, families who enrolled their young children in the college savings plan are now sending their students off to college which means that GET has paid out nearly a half billion dollars from over 34,000 accounts of students attending colleges, universities and technical schools in all fifty states and fourteen foreign countries. Washington families are resoundingly choosing GET as part of their college savings planning and are reassured by the unique state guarantee.

Just as families debate how to fund their child’s college education so do lawmakers discuss the issue of funding higher education in our state. “There were some tense moments during the 2013 state legislative session as lawmakers wrestled with the challenge of how to fund higher education,” said Betty Lochner, GET Director.

“We’re happy to report that as the session progressed, several legislators, state officials and citizens spoke up and made it clear that this important program should be preserved for future generations,” added Lochner.

It became apparent that GET is a valuable asset to Washington families and plays a critical role in making a college education possible for our state’s families. Not only does offering a college savings plan to our Washington State residents assist in making college more affordable in the long run because you pay a lower price now for future, more expensive tuition and reduce the need for student loans in the future but it helps motivate children toward higher education.

Students who know they have a college savings account are seven times more likely to attend postsecondary education.  GET helps in setting financial and educational goals.

For more information on the GET program or how to enroll go to the GET website, call 800-955-2318 or email GETInfo@wsac.wa.gov.

Enrollment is open through May 31.

 

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