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, over 67,000 students have used $1.5 billion in GET benefits to help pay for qualified higher education expenses at colleges, universities, and technical schools nationwide and around the world.
- Program typePrepaid unit / Guaranteed savings
- Enrollment periodNov 1 - May 31 Annually. Units can be purchased at the annual unit price through June 25 each year.
- Inception1998
- State agencyCommittee on Advanced Tuition Payment and College Savings (WA529 Committee)
- Tax deduction
- Program ManagerWashington Student Achievement Council
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.
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?
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.
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:
https://twitter.com/wa529Plans
Social Media
Start saving for your child’s future today
Complete the online application and make your first deposit