General Information

Guaranteed Education Tuition (GET) logo

Guaranteed Education Tuition (GET)

Washington's Guaranteed Education Tuition (GET) Program reopened to new enrollments on November 1, 2017 after a two year freeze in response to the College Affordability Act, which lowered tuition at Washington's public higher education institutions. The State of Washington 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.

Our Ratingx

Fee Scorex

5 of 5

Performancex

N/A

  • Program typePrepaid unit / Guaranteed savings
  • Enrollment periodNovember 1, 2018 through May 31, 2019.
  • Inception1998
  • State agency
    Washington State Student Achievement Council, with the State Treasurer as a member of the GET committee that oversees the program.
  • Tax deduction
  • Program Manager
    Washington State Higher Education Coordinating Board

Ratings & Rankings

Our overall rating for WA residents

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

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

Savingforcollege.com'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.

Financial Benefits

3.00

Features

4.00

Safety

5.00

Reliability

4.00

Eligibility

State residency requirements:

Who can be a participant/owner in the program?

Significant time or age restrictions imposed by the program:

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 filersNone
  • Tax deduction for joint filersNone

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?

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

Upromise Helps Families Save for College

Statutory protection of an account from creditors:

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:

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