Arrow-right Camera

The Spokesman-Review Newspaper The Spokesman-Review

Friday, July 10, 2020  Spokane, Washington  Est. May 19, 1883
Clear Day 68° Clear
News >  Washington

State’s prepaid college tuition plan re-opens to investors

Associated Press

OLYMPIA, Wash. – Washington state’s current prepaid college tuition plan has re-opened to new and current investors after being frozen for more than two years.

The state is also creating a second option to invest in college. That more traditional 529 college savings plan won’t be rolled out until early 2018.

The current Guaranteed Education Tuition plan, known as GET, reopened Wednesday to people who want to create new accounts. Those with existing accounts can continue to buy units. A unit costs $113.

Washington runs one of the few programs in the country that allows parents to buy tuition units in advance to avoid paying higher costs in the future. One hundred units are guaranteed to cover the cost of undergraduate tuition and fees at the state’s most expensive public university.

State officials are finalizing a contract with a vendor to offer a more typical 529 college savings plan. That plan allows participants to invest in mutual funds or other investments, much like a 401(k) plan, but without guarantees.

Local journalism is essential.

The journalists of The Spokesman-Review are a part of the community. They live here. They work here. They care. You can help keep local journalism strong right now with your contribution. Thank you.

Subscribe to the Coronavirus newsletter

Get the day’s latest Coronavirus news delivered to your inbox by subscribing to our newsletter.


Swedish Thoracic Surgery: Partners in patient care

 (Courtesy Bergman Draper Oslund Udo)
Sponsored

Matt Bergman knows the pain and anger that patients with mesothelioma feel.