Guaranteed Education Tuition
The GET program is the state's 529 prepaid tuition plan that provides Washington families a secure and affordable way to save for college while their children are young. The program benefits the state by improving access to higher education, leading to a better educated and more financially secure workforce.
The Committee on Advanced Tuition Payment and College Savings, better known as the GET Committee, governs the program, ensuring that participants are protected and that the program remains financially sound. The five-member committee consists of the executive director of the Washington Student Achievement Council, the State Treasurer, the director of the Office of Financial Management, and two citizen representatives. The State Actuary and GET’s State Investment Board liaison provide expertise and advise the committee as needed.
The committee meets at least quarterly to discuss legislative activities, review program policies and investments, and make program decisions. Annually, the committee sets the GET unit purchase price.
GET’s unit price is based on a complex actuarial formula that includes estimated future tuition, projected inflation and investment returns, and administrative costs. It also includes a stabilization reserve to adjust for periods of lower-than-expected returns or higher-than-expected tuition. The State Actuary provides critical review and analysis to aid the GET Committee in setting the GET unit price.
More information about GET can be found on the GET website.
2018 Committee Meeting Materials
- January 17 (View a recording of this meeting at TVW.org)
- April 25
2:00 p.m. - 4:00 p.m.
Capitol Campus in Olympia: Cherberg Building
Senate Hearing Room 3
- September 19
- November 6