The Right Mix for Future Success
Invest a PFD for education
Support your family's education journey.
Invest today for tomorrow
Answer 'Yes' to the Alaska 529 question on the PFD application to contribute half of a PFD into an Alaska 529 account, or choose to save 100% of a PFD. This simple step can help you reach your education savings goals and cover future expenses, including tuition, room and board, books, and even required technology.
Plan for your future
Explore the long-term benefits of annually investing your PFD for education. Use this 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.
How to invest a PFD
Begin your savings journey by answering 'Yes' to the Alaska 529 question on the PFD application to contribute half of a PFD to an Alaska 529 account, and you will be automatically entered to win a $25,000 scholarship.1 After you submit your PFD application, you will receive a welcome kit confirming your election.
Next steps for first-time PFD contributors
Before your PFD arrives, take action to set up your account. If you do not set up an account before your PFD contribution arrives, a new account will be established in the UA Portfolio with the applicant named as account owner and beneficiary. Follow these steps to choose your investment portfolio(s), name a different beneficiary, set up your account preferences, or add any banking or additional contribution information.
Open an account
With the first step taken toward saving for your child's education, your account will be accessible as soon as it's set up.
Choose your investment portfolio
Choose your investment portfolio(s), set up your account preferences, and add any banking or additional contribution information.
Select your initial funding option
Fund through a PFD, an initial contribution, or a recurring contribution. 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.
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
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 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 2024 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 2023 winner!
Congratulations Alejandra Choi of Anchorage, Alaska.
“We are thrilled and grateful to receive this scholarship account for Alejandra's education and grateful for the doors it will open for her. Education is important to our family, so we didn't hesitate to answer 'Yes' on our PFD applications.”
- Simon Choi and Erika Rodriguez (Alejandra's parents)
November 4, 2023
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.
