Washington's GET program lives on

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by HONORA SWANSON & KREM.com

KREM.com

Posted on April 18, 2013 at 5:12 PM

Updated Thursday, Apr 18 at 6:10 PM

SPOKANE, Wash. -- Some Washington lawmakers were considering getting rid of the Guaranteed Education Tuition program, better known as GET, due to a budget shortfall. Thanks to a great deal of new support, though, it could be in the clear.

GET is a savings plan that helps parents start saving for college when their children are little. Over the years, families continue to add money to the account by paying a fixed monthly price. When kids go off to school, families end up paying a lower price for climbing tuition rates. GET makes up the difference.

The program director said in January some lawmakers were thinking about getting rid of it because they don’t want the liability of paying for it in the future if the program fails. Even so, it turns out there has been overwhelming support to keep it going.

“I really don’t think that we’re going to get to the point where there’s not going to be that support. There’s more support for the program than serious consideration about doing something to the program,” GET Program Director Better Lochner said.

Lochner says she expects GET to be looked at every year as the state examines higher education funding. She says if it were ever eliminated, those who are already members wouldn’t lose any of their money.

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