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Guaranteed Education Tuition (GET)

Washington - Higher Education Coordinating Board (HECB)

529 Prepaid Plan

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Contact Information: www.get.wa.gov Ph 800-955-2318

Management Information: Higher Education Coordinating Board (HECB)

Program Manager:	Contract Termination Date:
GET Committee	Not Applicable
Investment Manager(s):	Contract Termination Date(s):
Washington State Investment Board (WSIB)	Not Applicable

Plan Benefits: Financial Aid - Other Benefits

Prepaid Plan Information:

Requirements for Participation

Enrollment Period

Form of State Backing

Tuition Plans and Payment Options

Tuition Benefits Information

Guaranteed Education Tuition (GET) tuition benefits - public in-state 4-year college.

Your 100 GET units are guaranteed to match the cost of resident undergraduate tuition and state-mandated fees at Washington's most expensive public university, either the U. of Washington or Washington State U. Use GET units at any of Washington's public 4-year colleges; the monetary value is the same. If tuition at the college is lower than tuition and state-mandated fees at the UW or WSU, GET units can be used for room and board, books, or other qualified higher education expenses.

Additional Information >

Guaranteed Education Tuition (GET) tuition benefits - private in-state 4-year college.

Your 100 GET units are guaranteed to match the cost of resident undergraduate tuition and state-mandated fees at Washington's most expensive public university, either UW or WSU. Use GET units at any of Washington's private 4-year colleges; the monetary value is the same. Tuition at private 4-year colleges is typically higher than in-state public tuition; therefore, you would pay the difference between what GET units will cover and your total tuition charges.

Additional Information >

Guaranteed Education Tuition (GET) tuition benefits - out-of-state public or private college.

Your 100 GET units are guaranteed to match the cost of resident undergraduate tuition and state-mandated fees at Washington's most expensive public university, either UW or WSU. Use GET units at nearly any out-of-state public or private college; the monetary value is the same. If tuition is higher, you will pay the difference between what your GET units will cover and your total tuition charges. If tuition is lower, you will have extra money to use for other qualified higher education expenses.

Additional Information >

Guaranteed Education Tuition (GET) tuition benefits - public in-state 2-year community college.

Your 100 GET units are guaranteed to match the cost of resident undergraduate tuition and state-mandated fees at Washington's most expensive public university, either the U. of Washington or Washington State U. Use GET units at any of Washington's public 2-year colleges; the monetary value is the same. Tuition at a public in-state community college is typically lower than UW or WSU's tuition; therefore, 100 GET units would cover tuition, books and in some cases, room and board.

Additional Information >

Guaranteed Education Tuition (GET) tuition benefits - trade school.

Your 100 GET units are guaranteed to match the cost of resident undergraduate tuition and state-mandated fees at Washington's most expensive public university, either the U. of Washington or Washington State U. Use GET units at nearly any trade school in-state or around the country; the monetary value is the same. If tuition is lower than UW or WSU, GET units can be used for room and board, books, or other qualified higher education expenses. If tuition is more, you pay the difference.

Additional Information >

Guaranteed Education Tuition (GET) benefits have time limitations.

The beneficiary has up to ten years after his or her projected enrollment date, that was established when the account was opened. This is generally set for age 18 or when the beneficiary will graduate from high school. From the first distribution, the beneficiary has ten additional years to use his or her account.

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Refunds

Additional Information

What are the tax advantages of the GET Program?

Because the GET program is a state 529 plan, the after-tax money you put into your account will grow tax-free. And, when your child is ready for college, the money you withdraw will be tax-free, as long as you use it for qualified higher education expenses.

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Who can open an account, and when is the best time to start?

You can open an account for anyone — a child, grandchild, friend or even yourself. Either the account holder or the beneficiary needs to be a Washington resident at the time of enrollment. College tuition rises each year, so it's best to start your prepaid plan early. Custom monthly plans include a finance charge, and current unit prices reflect a premium that make the GET program a better way to save when held for two or more years. GET units purchased ten years ago have realized a 77% return.

Additional Information >

Are there federal gift and estate tax benefits?

Contributions to GET accounts are considered completed gifts for federal estate and gift tax purposes. Therefore, the value of the account is generally not included in the account owner's estate. Additionally, an account owner may elect to combine five years of contributions into one, without exceeding the single beneficiary gift tax allowance. Please consult your tax advisor for further clarification on federal estate and gift tax regulations.

Plan Residency: Yes