Answer "Yes" to the Alaska 529 question on your PFD application.
Finding the spark that fuels the imagination is what life is all about. Whatever career path you or your child might choose, investing a PFD in an Alaska 529 account can help you plan for it.
Use the PFD Planner to see how contributing a PFD can help save for future education expenses.
Assumes that each full PFD amount is $1,000 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 and a 0.05% program management fee. 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.
To contribute automatically, answer "Yes" to the Alaska 529 question on your PFD application.
After you submit your PFD application, you will receive a postcard or email confirming your election. In the summer, you'll also receive a letter detailing your account registration, portfolio selection, and more.
We will send you a confirmation letter once we receive your PFD funds.
Reach your education savings goals faster by automatically contributing 100% of a PFD to an Alaska 529 account. Here’s how to get started:
Submit the Direct Deposit form before you complete your PFD application. Once we process it, we will provide you with a routing and an account number.
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 and account number that we provided in the direct deposit section of your PFD application. After completing this process once, the second half of the PFD will go into your Alaska 529 account each year, unless you change your direct deposit information.
Alaskans who contribute half of their 2021 PFD will be automatically entered to win a $25,000 scholarship account, funded by the Education Trust of Alaska. 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.
Congratulations Boon Branson, Age 1 of Fairbanks, Alaska.
“I had never looked into 529 accounts before. I saw the box and I was planning to save for college anyway. I thought if some of his money was set aside specifically for college, it would be more likely he would go.”
– Megan Branson, Boon's mom
The drawing for the winner occurred on August 24, 2020.