Actuary: Steady tuition helps Washington's prepaid tuition program recover

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SEATTLE — The state actuary says Washington's prepaid tuition program has completely recovered from the recession.

Actuary Matt Smith credits two years without tuition increases for helping the Guaranteed Education Tuition program get back to being fully funded.

He told the GET committee on Thursday that the program was funded at 106 percent at the end of June.

At the meeting, the committee voted to keep the purchase price for prepaid tuition units at $172 for the third year.

GET Program Director Betty Lochner says Washington's steady tuition rates are also good for Washington families.

The current payout value for the upcoming academic year is $117.82 per GET unit. The state of Washington guarantees that 100 GET units will equal the cost of in-state resident undergraduate tuition and state-mandated fees at Washington's highest priced public university.

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