The Washington State Guaranteed Education Tuition (GET) Committee met Tuesday, July 24 to discuss the status of the GET program and to establish a new unit price. Established in 1998, the GET program is Washington’s 529 pre-paid tuition savings plan.
The Committee heard updates on the program as well as a presentation by the State Actuary on the status of the program. GET has sold 9,611 new accounts this year resulting in 943,718 new units. Although the program sold enough to remain solvent (over 900,000), it did fall short of its goal of selling over 1.5 million units.
The Committee also agreed to a $9 increase in the unit price for the 2012-2013 enrollment period beginning in November. The $9 increase will bring the cost of 1 GET unit to $172.