WHATEVER THEY DREAM OF, SAVE FOR IT.
Alaska 529 offers an affordable and flexible approach to investing in your or your child's future education.
What is a 529 plan?
Alaska 529 is an investment account specifically designed to help families save for education expenses in a tax-advantaged way. Earnings grow tax-deferred, and qualified distributions are exempt from federal taxes, allowing your savings to grow faster than a taxable account.
Alaska 529 advantages
Tax benefits
Any earnings are tax-deferred, and because you don't pay annual taxes on account earnings, your balance can grow faster than a taxable account over the same period. Earnings are also tax-free if used for qualified expenses.
One plan, many paths
Use your savings at any eligible university; college; vocational school; apprenticeship; or even K-12 public, private, and religious schools.1 Learn more
Additionally, nonresident beneficiaries may qualify for resident tuition rates at the University of Alaska.
Investment options
Since 2001, Alaska 529 has partnered with T. Rowe Price, a global investment firm, to offer tailored investment solutions. This includes the University of Alaska (UA) Portfolio, which allows you to purchase UA tuition credits at current rates for future use. Learn more
Contribute your way
Customize your contributions according to your preferences, with the flexibility to adjust them anytime via single or recurring contributions as well as the option for Alaska residents to automatically invest their Permanent Fund Dividend. Learn more
Family and friends
Anyone can open or contribute to an Alaska 529 account. Additionally, our online gifting tool, UGift®, allows loved ones to contribute to your child's account. Learn more
Flexibility
You maintain full control over your Alaska 529 account, including the flexibility to change your beneficiary at any time, without any annual fees or time restrictions. Additionally, after maintaining your Alaska 529 account for at least 15 years, you can transfer funds to a Roth IRA for the beneficiary, free from taxes or penalties.2
Saving for education now includes a $250 incentive
Alaska 529 supports families with a strong start in their education savings through the Dash to Save® incentive program.
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Open and fund your account with a minimum contribution of $25, and you may be eligible for a $250 incentive contribution.3
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New accounts established in 2024 will receive a $250 contribution by February 2025.
Ready to get started?
Support your grandchild's or loved one's education
Anyone can open and contribute to an Alaska 529 account. Whether you're a grandparent, family member, or friend, it's a great way to save for a child's education. You can open an account yourself or make a gift contribution to any Alaska 529 account.
You can significantly reduce the value of your taxable estate by funding a 529 plan. When you contribute to your grandchild's account, the contributions are (with some exceptions) removed from your taxable estate and considered a gift to the grandchild, with the additional gift tax advantages.4
For 2024, the maximum annual gift amount is $18,000 per individual per year without paying gift taxes. With a 529, you can contribute up to $90,000 (or $180,000 for a married couple) to a beneficiary in one year and average the gift over five years without paying gift taxes. Future years may differ.
Starting in the 2024-2025 school year, withdrawals from grandparent-owned 529 accounts will no longer count as income to the student on the Free Application for Federal Student Aid (FAFSA).
Chart your path with tools and resources
Anyone can open and contribute to an Alaska 529 account. Whether you're a grandparent, family member, or friend, it's a great way to save for a child's education. You can open an account of your own or make a gift contribution to any Alaska 529 account.
