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Differential Tuition Threatens State’s GET Program

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(AFP/GettyImages)

(AFP/GettyImages)

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SEATTLE (AP/CBS Seattle) — Washington’s prepaid tuition program will feel the ripple effects of recently passed legislation, according to a new report from the state actuary.

The analysis shows Washington’s Guaranteed Education Tuition (GET) could lose some of its financial polish if state universities start adopting differential tuition for more expensive majors.

Last year, the Legislature passed a bill that would allow the state’s four-year schools the option of charging higher tuition for certain programs like engineering that cost more to provide.

That plan may help the colleges balance their budgets, but the state actuary says it could cause problems for  program. That’s because the GET program is set up to anticipate college costs and if tuition is differentiated, those costs could change more than originally expected.

(TM and © Copyright 2012 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2012 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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