In an earlier post, I reported Washington GET program's high initial cost. For example, in 2004, it cost $61 per unit while the payout for that year was $51 per unit. I earned a low return in 2007. It seemed wiser to put the money elsewhere.
Due to last year's Wall Street disaster, I had lost significant amount in my other 529 plan, namely, UNIQUE from New Hampshire. It is terrible since my older son is already in college :(
The money in GET will probably never lose value. Further more, due to Washington state's big deficit this year, there would be a 20% budget cut to state university funding. As a result, it is very likely to have a big hike in tuition. Since GET payout grows with the tuition, this could translate to a very good return on investment.
"Some highly selective schools have said they will not go along with Score Choice, a new policy allowing students to select which of their multiple scores colleges can see."
"Admissions officials at some highly selective colleges — the University of Southern California, Stanford, Claremont McKenna and the University of Pennsylvania, among others — have said that, Score Choice or not, they want all the scores — from the SAT and the ACT."