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General Information
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 Ratingix
Fee Scoreix
5 of 5
Performanceix
N/A
- Program typePrepaid unit / Guaranteed savings
- Enrollment periodNovember 1 through May 31. Accounts opened by May 31 can continue contributing at this year's unit price until June 25.
- Inception1998
- State agencyWashington State Student Achievement Council, with the State Treasurer as a member of the GET committee that oversees the program.
- Tax deduction
- Program ManagerWashington 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:
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:
Start saving for your child’s future today
Step 1
Click the blue Enroll Now button to the right
Step 2
Complete the online application and make your first deposit