Seattle (AP) -- As Washington's prepaid tuition program opens to new participants Tuesday, the plan may not seem like much of a bargain to people who bought in years ago. But that's the inevitable result of the keeping up with the state's skyrocketing tuition.
This year's price for one Guaranteed Education Tuition unit is $163, which translates into $16,300 for a year of tuition and state-mandated fees at the University of Washington or Washington State University. One GET unit cost $117 before a September increase.
GET director Betty Lochner.says that for parents buying GET units for current middle school students or younger, GET is still a bargain.
The program staff estimates that today's newborn will pay more than $150,000 for four years of tuition in 2029.