Don’t Ax the Higher Education GET Program Just Yet

Thursday, February 14, 2013

Hasty actions almost never solve a problem intelligently, and they quite often create new hurdles to a reasoned resolution. That scenario describes the pickle our Legislature has created over the Guaranteed Education Tuition Plan (GET) and funding for higher education.

Senate Majority Leader Rodney Tom, chairing a higher education legislative advisory committee earlier this month, suggested shutting down the GET program, because he believed it was underfunded and would eventually drain the state’s general fund.

But Tom was wrong. State Treasurer Jim McIntire and state actuary Matt Smith told the Legislature that reform measures already implemented have stabilized the program. If colleges and universities do not raise tuition for the next two years, or if the state increases its share of funding for higher education, the program could reach complete solvency in as little as two years.

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