Parents wanting to save money for their children’s college education have until midnight May 31 to open a Washington Guaranteed Education Tuition account before the state program closes for this enrollment year. Enrollment will reopen Nov. 1 with a new unit price.
GET is a college savings plan guaranteed by state law to keep pace with rising tuition, while also offering tax-free growth and withdrawals for qualified higher education expenses.
Money in a GET account can be used for tuition, room and board, and other qualified expenses at most public or private college, university or technical schools in the country. Accounts are fully transferrable to other family members, and flexible plans allow for regular monthly contributions or occasional deposits.
Enroll online at www.get.wa.gov. Paper enrollments must be postmarked no later than midnight May 31. More information is available on the program’s website, at 800-955-2318 or GETInfo@wsac.wa.gov.
The average college graduate owes more than $29,000 in student loans, according to the GET website.
