GET Accounts and the FAFSA

To qualify for federal financial aid, your family is required to complete the Free Application for Federal Student Aid or FAFSA. 

Under current federal law:

• A GET account is considered an asset of the account owner, generally the parent, in determining eligibility for financial aid.

Reporting GET accounts on the FAFSA

Funds in most state 529 prepaid tuition plans like GET are owned by the student's parents and reported as a "parental asset" when completing the FAFSA. 

The total value of all GET accounts owned by either the parent or the independent student must be reported on the FAFSA. GET accounts owned by someone other than the student's parents or the student do not need to be reported.

*When you complete the FAFSA, you will determine whether your student is considered dependent or independent. 

Between zero and 5.6 percent of the total value of GET accounts owned by the student's parents is considered in determining the Expected Family Contribution (EFC) based on the information reported on the FAFSA.  The EFC is the amount the family of the student is expected to pay toward that student's higher education.  

Determining the value of your GET accounts for reporting on the FAFSA

Or call us at 1-800-955-2318.

Learn more about financial aid

Washington Financial Aid Programs

Federal Financial Aid Programs

Free Application for Federal Student Aid (FAFSA)