- Associated Press - Sunday, August 16, 2015

SEATTLE (AP) - A state committee is considering letting parents who invested in the state’s prepaid college-tuition program in recent years pull their money out without penalty.

The Seattle Times reports (https://is.gd/yImMY3 ) that the committee is also considering changes, including freezing sales of units in the state’s Guaranteed Education Tuition, or GET, program for up to two years.

The five-member GET Committee will consider the changes during a public meeting Tuesday in Olympia.

Washington runs one of the few college-savings programs in the country that allow parents to pay tuition in advance, but at a price that’s higher than the cost of tuition today.

GET director Betty Lochner says staff is recommending four steps so recent investors don’t lose money and so all investors get a chance to cash out without incurring penalties.



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Information from: The Seattle Times, https://www.seattletimes.com

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