Guaranteed Education Tuition (GET) NEW! PDF ReportPRO


The Guaranteed Education Tuition (GET) Program is closed to new unit sales in response to the College Affordability Act, which lowered tuition at Washington's public higher education institutions. Continued payments on installment plans established prior to July 1, 2015 will be allowed. The program plans to reopen by November 1, 2017.

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Program type:

Prepaid unit / Guaranteed savings

How to enroll:

Enroll directly with the program.

Initial year of operation:


State agency(ies):

Washington State Student Achievement Council, with the State Treasurer as a member of the GET committee that oversees the program.

Enrollment period:

The most recent enrollment period was November 1, 2014 through May 31, 2015.


State residency requirements:

The account owner or the beneficiary must be a Washington resident at the time of program enrollment.

Who can be a participant/owner in the program?

Individuals (including minors), UGMA/UTMA custodians, and legal entities.

Significant time or age restrictions imposed by the program:

Units must be used within 10 years after the beneficiary's projected college entrance year or the first use of units, whichever is later.


Maximum contributions:

$86,000.00 for 500 units, installment payments available.

Minimum contributions:

One unit ($172 through May 31, 2015).

Contractual Features

Current value of one unit:

The GET Program has historically provided that each unit acquired in the program is worth 1% of the resident undergraduate tuition at the highest-priced Washington state public university and may be redeemed at any eligible educational institution in the country.

On August 1, 2017, GET reset the unit payout from $117.82 to a new amount that matches GET's original unit payout formula (i.e. 100 units = one year of resident, undergraduate tuition and state mandated fees at Washington's most expensive public university). The 2017-2018 payout value is $103.86.

Based on the passage of the state's College Affordability Act, effective September 2, 2015, the payout value for the GET program remained at $117.82 per unit until the time when one-year of resident undergraduate tuition and state mandated fees at Washington State's highest priced public university surpassed $11,782. As of August 1, 2017 existing GET customers received additional new units in their accounts in a proportion equal to the difference between the $117.82 payout value, and the new payout value.

GET is allowing customers to request a refund of their entire GET account (no partial refunds allowed) at the $117.82 payout value (pre-rebase payout value) or their initial contributions (whichever is greater), without state refund penalties, until 60 days after the state's new 529 college savings plan opens.

Current unit price:

$172.00 through June 25, 2015.

Are program benefits backed by the full faith and credit of the state?


Are program benefits collateralized or guaranteed in any other way?


Fees & Expenses

Enrollment or application fee:

$50. There is a $100 limit per family.

Taxes and other Benefits

Program match on contributions:

PRO Premium subscription required for this data.

State tax deduction or credit for contributions:

Not applicable. Washington does not have a personal income tax.

State tax treatment of qualified distributions:

Not applicable. Washington does not have a personal income tax.

Does the sponsoring state exclude the value of an account for state financial aid purposes?

Yes, Washington considers current income for state financial aid purposes (all assets, including 529 accounts, are excluded from consideration).

Does participation in the program provide beneficiaries with any advantages in qualifying for resident tuition status at state institutions?


Does the program have a formal agreement with a rewards program or outside scholarship program?


Statutory protection of an account from creditors:

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Distributions & Terminations

To whom are distributions made payable:

Eligible educational institution, beneficiary, or account owner, as directed by the account owner.

Account Changes

Policy regarding participant/owner changes:

Accepts requests to transfer contract ownership.

Plan News

State News


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