Washington's GET program to reopen soon with historical pricing

OLYMPIA—At its annual fall meeting, the WA529 Committee (GET’s governing body) voted to set the GET unit purchase price for the 2021-22 enrollment year at $114.01. This is the first time in GET’s history that the unit price matches the current payout value, based on the cost of tuition and state-mandated fees at Washington’s highest-priced public university (currently UW Tacoma, $11,401).

While this year’s unit price happens to match the current payout value, this was coincidental and due primarily to changes in actuarial assumptions about future tuition growth that the Committee relies on whe...