ALASKA 529 SCHOLARSHIPS

The trust partners with many Alaska non-profits and state agencies to encourage and promote access and attainment skills.

The trust sponsors numerous scholarships for Alaska youth. As of June 30, 2022, it had sponsored 594 scholarships for nearly $1.2 million.

The trust's 529 plans are open to residents of any state.

YOU OR YOUR CHILD HAS RECEIVED A SCHOLARSHIP, NOW WHAT?

First of all, congratulations!

To accept your scholarship, you must complete a secure scholarship form emailed to you via our encrypted DocuSign system. You must complete the form by the deadline listed on the form, or the offer will expire. A parent or legal guardian must sign if you are a minor.

Once we receive the scholarship form, we can contribute funds directly to an existing Alaska 529 account. If you do not have an existing account, we will establish one for you, in the University of Alaska Portfolio, under the following conditions:

Your scholarship account is subject to market gains and losses and may be worth less or more than the initial contribution.
You will receive statements showing the account balance annually. It is your responsibility to keep your address information updated and to notify the Education Trust of Alaska of any changes.
When you are ready to use the funds in the account, contact Alaska 529 at 1-888-425-2752 to authorize the distribution to an eligible university, college, technical, or vocational school.
This account will close on your 25th birthday. Any remaining balance will be returned to the Education Trust of Alaska. We will attempt to contact you prior to closure; however, your account will close on your 25th birthday regardless of whether or not we are successful in reaching you.
The Account is not transferable and cannot be sold.
An account created by Alaska 529 on behalf of the scholarship winner is intended solely for the receipt and management of the scholarship funds. No future contributions can be made to this account.

Though you may use the funds for expenses at any eligible university, college, apprenticeship, technical, or vocational school nationally, you are encouraged to use your scholarship at any campus in the University of Alaska system. We would love to have you!

If you have any tax-related questions about your scholarship account, be sure to reach out to your tax advisor. Please call us or visit Alaska529plan.com if you have questions. Congratulations on receiving this scholarship!