The Right Mix for Future Success
Invest a PFD for education
Support your family's education journey.
Invest today for tomorrow
Begin your savings journey by answering ‘Yes’ to the Alaska 529 question on the PFD application to designate 50% of a PFD to be invested directly into an Alaska 529 account and you will automatically be entered to win a $25,000 scholarship.1 You can also choose to contribute 100% of a PFD.
Any earnings are tax-deferred while invested and tax-free2 when used to pay for qualified education expenses at any federally accredited college, technical or trade school, certified apprenticeship program, or for qualified higher education costs. Your savings can also be used for K-12 expenses at public, private, or religious schools, or for postsecondary credentialing.
Learn more about Alaska 529
Plan for your future
Explore the long-term benefits of annually investing your PFD for education. Use this PFD Planner to see the impact over time.
Assumes that each full PFD amount is $1,300 in the first year, increased 3% annually, and that each PFD amount is deposited at the beginning of the year. The chart also assumes a 6% hypothetical rate of return compounded monthly. This chart is for illustrative purposes only and does not predict or project the return of any specific investment option. Investment returns in Alaska 529 will vary and may be higher or lower than this example.
Next steps for first-time PFD contributors
Before your PFD contribution arrives, take a few minutes to set up your account. By doing so you can select your investment portfolio(s), designate a beneficiary, set your account preferences, and add banking information or details for additional contributions.
If you do not set up your account before your PFD contribution arrives, a new account will automatically be established in the UA Portfolio, with the applicant listed as both the account owner and beneficiary.
Select your initial funding option
Fund through your bank account, check, PFD, or rollover. If you choose the initial or recurring contribution of at least $25 before your PFD is invested, you may qualify for the $250 Dash to Save® incentive contribution. We will deposit the subsequent PFD contribution to your new account.
Choose your investment portfolio
Choose your investment portfolio(s), set up your account preferences, and add any banking or additional contribution information.
Stay on track
We offer impactful online tools and resources to support you in reaching your education savings goals.
Information for continuing PFD contributors
Current account owners or custodians will have their PFD contributions invested according to their beneficiary's (student's) future contribution allocations. Your PFD will be invested evenly across all of your beneficiaries according to their future contribution allocations.
If these allocations have not been set up, the PFD contribution will follow your recurring contributions or existing investment balances. Log in to review or change contribution allocations and enroll in online access if you have not already done so.
Log in
How to contribute your PFD to an account owned by someone else
If you would like your PFD contribution to be deposited into an account owned by someone else, please call 1-888-425-2752 before October 1, 2026.
Be prepared to provide:
- The account owner’s name
- The beneficiary’s name(s)
- The account number
Any instructions you provide this year will remain in effect for future years unless you contact us to make a change. If you wish to update your instructions, please call before the applicable annual deadline.
Save more for education by investing your full PFD
Save more by automatically contributing 100% of a PFD to an Alaska 529 account using direct deposit. After setting up and entering the routing and account number for direct deposit on your PFD application, your full PFD will go into your Alaska 529 account each year.
Before you complete your PFD application, call 1-888-425-2752 to obtain the proper direct deposit routing and account numbers.
Answer 'Yes' on your PFD application to contribute the first half of your PFD and to be entered into the $25,000 scholarship account giveaway.
Enter the routing number and account number that we provided in the direct deposit section of your PFD application and the entire PFD will be invested.
You could win a $25,000 scholarship
Alaskans who automatically contribute half of their 2026 PFD will be entered to win a $25,000 scholarship account. The scholarship account can be used at any eligible college, university, or vocational/trade school in the country. Certain restrictions apply. See the full Official Rules for details.
Meet the 2025 winner!
Congratulations Arlo Guevin of Sitka, Alaska.
His parents were thrilled to hear the news. “We explained to Arlo that he will have a lot of money he can use when he’s older to pay for classes,” said Mrs. Guevin. “We hope that Arlo continues his education after high school, however that might look for him. We also hope he can pick what he wants to do based on his dreams and aspirations, not solely on the most affordable option.”
Modify your PFD allocation
After submitting your PFD application, you can still allocate it towards future education expenses or modify your application if your plans change.
Update your application
Log in to my.alaska.gov or download the Alaska 529 Add or Withdraw form, and mail or fax the form to the PFD office by August 31.
Adjust your allocation
If you want to make changes to how your PFD is invested, please call us at 1-888-425-2752.
Request a refund
If needed, you may request a refund of your PFD contribution if you complete a PFD Refund form within 90 days of your PFD contribution.
