New prepaid tuition season opens; good deal for some, not all

As Washington's prepaid tuition program opens its doors to new investors Friday, parents may wonder if it's a good way to save for college.

The answer depends on the age of your children, your family's financial situation and some unknown factors such as how much tuition will go up in the future, inflation and the stock market. For years, Washington's Guaranteed Education Tuition program was a pretty good deal for most families saving for college. But four years ago, when in-state tuition and the price of each tuition credit under the GET program began skyrocketing, many questioned whether the program still made financial sense.