Guaranteed Education Tuition (GET)

Fee Score

Performance

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Guaranteed Education Tuition (GET)

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The Guaranteed Education Tuition Program (GET) is Washington’s 529 prepaid college tuition plan that helps families save for future higher education expenses. The State of Washington guarantees that the value of your account will keep pace with the cost of college tuition, no matter how much it changes in the future. GET opened in 1998, and since then, nearly 66,000 students have used over $1.4 billion in GET benefits to help pay for qualified higher education expenses at colleges, universities, and technical schools nationwide and around the world.

Prepaid Planx
  • Program type
    Prepaid unit / Guaranteed savings
  • Enrollment period
    Nov 1 - May 31 Annually. Units can be purchased at the annual unit price through June 25 each year.
  • Inception
    1998
  • State agency
    Committee on Advanced Tuition Payment and College Savings (WA529 Committee)
  • Tax deduction
  • Program Manager
    Washington Student Achievement Council

Ratings & Rankings

Our overall rating for WA residents

Prepaid Planx

This is an excellent program with many benefits for the participant and positive investment attributes. If it has any significant weaknesses then it also has some particularly good things to recommend it.

Our overall rating for non-residents

Prepaid Planx

This program is not open to you either because it has residency requirements or because it has stopped accepting new enrollments.

SAVING FOR COLLEGE’S 5-Cap Ratings provides an evaluation and comparison of 529 plans, utilizing a formula that examines dozens of factors grouped into the following categories.

Eligibility

State residency requirements:

Who can be a participant/owner in the program?

Significant time or age restrictions imposed by the program:

Did you know?

  • 529 plan contributions grow tax-free.

    Withdrawals are tax-free when used to pay for qualified higher education expenses.

  • You can contribute as much as you want, as often as you want.

    The key is to get started. Enroll today by completing a quick form online.

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Contributions

Maximum contributions:

Minimum contributions:

Contractual Features

Current value of one unit:

Current unit price:

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:

Taxes and other Benefits

  • Tax deduction for single filers
    None
  • Tax deduction for joint filers
    None

Note

Washington doesn't offer tax deductions

Program match on contributions:

State tax deduction or credit for contributions:

State definition of qualified expenses

State tax treatment of qualified distributions:

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

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

Is there a rewards program or outside scholarship program that works with this program?

Upromise Helps Families Save for College

Statutory protection of an account from creditors:

Did you know?

  • Residents are not limited to investing in their own state’s 529 plan.

    Another state may offer a plan that performs better and has lower fees.

  • The 529 plan chosen does not affect which state the student enrolls in.

    You can live in New York, open a plan from Nevada and send a student to college in Florida.

  • The best way to maximize your college savings?

    Start early and save often. You can get started today with easy online enrollment.

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Distributions & Terminations

To whom are distributions made payable:

Account Changes

Policy regarding participant/owner changes:

Documents, Access & Reporting

Does participant have online password-protected access to account?

Can the complete enrollment process including funding be done online?

Contact

Website:

Telephone:

Twitter

https://twitter.com/wa529Plans

Facebook

Start saving for your child’s future today

Complete the online application and make your first deposit

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12,502 Clicked to Enroll
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