Considering Higher Education Savings with GET Program?

The Washington state Guaranteed Education Tuition (GET) college tuition program has been around for 17 years but faces a new set of obstacles as state legislation considers decreasing college tuition by 25%. The Seattle Times discusses some of the challenges the program faces and though it appears Senate Republicans have considered the effect a tuition reduction would have on the value of existing units this is definitely an issue we continue to monitor as this legislation moves forward. Soundmark does not generally recommend the GET program for additional education savings at this point, however there are other tax free education savings options available through 529 plans.  We work diligently with our clients in developing a long term savings and investment plan for their education goals.