- Associated Press - Wednesday, April 20, 2016

SEATTLE (AP) - Since September, about 14,000 college savers have pulled their money out of Washington’s prepaid tuition program.

Those refunds from the Guaranteed Education Tuition program have totaled more than $285 million, but the program still has more than $2 billion invested in more than 120,000 accounts.

The program has been frozen since August and is not registering new accounts or accepting money into existing accounts except for those on a payment plan. The Legislature decided earlier this year that the prepaid tuition program should reopen and the state should start a more traditional 529 college savings plan as well.

The committee that will manage both programs met in Olympia on Wednesday. They are both expected to open sometime in 2017.



Click to Read More

Click to Hide