KENNEWICK, Wash.—College tuition is leaving parents with big bills and graduates with pricey student loans. But with the Guaranteed Education Tuition Program, or GET, parents and graduates can save big bucks.
GET is a program where parents can start paying college tuition, before their child is in college or even born, and the price will stay the same, even as education costs go up.
The program has been around for the past 13 years, but there is a change this year. Parents can now enroll their newborns in GET at any time of the year, not just during the September to March enrollment year.
On average, tuition and fees at the largest 4-year public universities in Washington costs $8600 per year. By the time a newborn goes to college, their tuition will cost $$38,000. That's more than four times as much. By using GET, parents can lock down the price at $11,700 – which is the cost of 100 GET units today.
If a child decides not to go to college, the money can go toward another family member's tuition or get a refund.