Washington offers a direct-sold 529 college savings plan and a prepaid tuition program. The DreamAhead College Investment Plan is sponsored and distributed by the Washington Student Achievement Council. Sumday Administration, LLC, a BNY Mellon Company, provides program management. The Guaranteed Education Tuition (GET) Program guarantees that the value of an account will keep pace with the cost of college tuition, no matter how much it changes in the future.
- Program typeSavings
- State agencyWashington Student Achievement Council
- Tax deduction
- Program ManagerVestwell State Savings, LLC, Vestwell State Savings, LLC dba Sumday Administration (Sumday) serves as the Program Manager of DreamAhead.
- Program distributorCommittee on Advanced Tuition Payment and College Savings (WA529 Committee)
Investors in DreamAhead College Investment Plan can select from the following investment options. Click on a portfolio name for more information.
Sometimes referred to as the enrollment-based option, this is an investment approach where your asset allocation is programmed to change over time. Accounts for young beneficiaries are invested aggressively and accounts for beneficiaries with college right around the corner are invested much more conservatively. In some 529 plans, the age-based option operates by automatically transferring your investment from one static portfolio to another at certain points in time. Others utilize lifecycle funds or employ lifecycle-type tactics within the portfolio containing your investment so that it is not necessary to transfer your investment between portfolios.