COMMITTED TO EDUCATION
By offering high-quality, actively managed 529 education savings plans, the trust seeks to equip families with the tools and assets to pursue and attain their education goals. The trust partners with organizations that focus on early childhood education, early reading initiatives, financial literacy, and college and career outreach programs. The trust extends its commitment to the University of Alaska by offering plan participants resident tuition rates and a free application for admission to participants in all of its 529 plans.
UNIVERSITY OF ALASKA
What can we say? We love the University of Alaska and so do our account holders and beneficiaries! In 2018-2019, 4,138 trust beneficiaries attended the University of Alaska system, spending over $23 million dollars.
The trust's relationship with the University of Alaska allows for additional resources and connections for beneficiaries as they navigate their college experience. The University of Alaska's in-state tuition program generously extends to participants in the Education Trust of Alaska making UA an affordable option for exceptional quality.
Alaska 529 account holders may choose to invest in the University of Alaska Portfolio and take advantage of the Tuition-Value Guarantee, which allows you to purchase UA tuition credits now for future use. This guarantee removes the uncertainty of predicting future tuition costs at UA. Should the beneficiary not attend the University of Alaska, the full account balance may be used at any eligible school.
University of Alaska Portfolio
We are focused on addressing Alaska’s education and workforce development needs through employer/employee outreach, committee work, and financial wellness initiatives. We believe a skilled workforce is crucial to a robust economy. The trust offers employers an additional tool to attract and retain qualified employees by offering direct deposit to their 529 accounts.
Local & National Impact
The trust partners with many Alaska non-profits and state agencies to encourage and promote access and attainment skills such as literacy, financial literacy, and career development. Current and past partners include the Alaska SeaLife Center, UAF School of Management's Arctic Innovation Competition, Fur Rondy, Alaska Commission on Postsecondary Education, Junior Achievement, Best Beginnings, The North Star Imagination Library, UA Museum of the North, UAF Summer Sessions, Spirit of Youth, Boys and Girls Clubs of Alaska, UAA and UAF athletic teams, the Fairbanks Children's Museum, Anchorage's Promise: Kid's Day, Chambers of Commerce, and the Alaska State Fair.
The trust sponsors numerous scholarships for Alaska youth. At the close of FY20, it had sponsored a total of 455 scholarships for more than $931,000 .
T. Rowe Price College Savings Plan is a national sponsor of Molly of Denali, a PBS Kids children's show featuring an Alaska native girl as the lead character living in a fictional village in Alaska. The show reaches families of young children across the country and focuses on learning through informational text.
The trust's 529 plans are open to residents of any state. We have no residency restrictions.