AGC Education Foundation joins GET Program

The AGC Education Foundation has joined the Guaranteed Education Tuition (GET) program to help fund college scholarships. GET is Washington state’s 529 prepaid college tuition plan.

With GET, money is saved by prepaying part or all of the student’s college tuition costs now, to avoid paying higher costs in the future. The state guarantees that the value of the account will keep pace with the rising cost of resident undergraduate tuition and state-mandated fees at the most expensive public university in Washington. GET credits are purchased in units, with 100 units totaling one year of full-time undergraduate tuition.

Non-profits organizations can purchase up to 5,000 units, which would equal 50 full-ride scholarships in the year 2032.

Matt Lessard,  AGC EF board member and president of  Wilcox Construction, said his company will be matching all Wilcox Construction employee GET donations to the AGC EF.  “Giving out $1,000 scholarships doesn’t make that big of a difference when you look at how expensive tuition is now,” Lessard said. “I’d rather give out real scholarships that are $10,000 or more, much like the full-ride I received when I was an AGC EF scholar. It will have more buying power 20 years from now.”

The following corporate and individual donors have purchased one or more GET credits for the AGC EF:

John Addison
Cindy Barber
Paul Carter
David Evangelisto
Mitch Hart
Kirt Jones
Casey Vallee
Mary Zavaglia
Wilcox Construction

Thank you!

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Posted by admin on August 18, 2014 | Categories: General. Tags: 529 Plan, Guaranteed Education Tuition Program, Matt Lessard, Washinton's GET Program, and Wilcox Construction.