SEATTLE — A new financial analysis of Washington’s prepaid tuition program says the program has improved its financial stability.
And the committee that sets the unit price for the Guaranteed Education Tuition program has decided to keep the price at $172 for this next year.
The report from State Actuary Matt Smith said he expects the program will return to fully funded status by 2018.
Washington’s prepaid tuition program is a state-run 529 college savings plan. Investors are guaranteed that no matter what happens to the stock market or state tuition, they will be able to pay for an academic year of tuition and mandatory fees at the state’s most expensive public college or university with 100 units. Tuition and fees at less expensive schools cost fewer units and housing is extra.
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