THINK INSIDE THE BOX - $25,000 SCHOLARSHIP ACCOUNT GIVEAWAY

This year, when you check "yes" on line 6 of your PFD application and contribute to the UA College Savings Plan, you'll be automatically entered to win a $25,000 scholarship account and one of four $2,500 scholarship accounts*.

You or your selected beneficiary can use the scholarship account at any eligible college, university, or vocational/technical school in the country. And if your beneficiary uses it for tuition at the University of Alaska $25,000 can be enough to pay tuition for a 4-year degree!

Think inside the box - check "yes" and contribute half of your and your child’s PFD to the UA College Savings Plan. Doing so for both you and your child increases your chances to win!

Watch our PFD video to learn more about using your PFD to save for college.

*The scholarship accounts will be funded by the Education Trust of Alaska. Certain restrictions apply, see complete rules for details.

The UA College Savings Plan is giving away one $25,000 Scholarship Account and four $2,500 Scholarship Accounts.

The Accounts can be used to pay for qualified higher education expenses at any eligible school in the country.

Anyone that makes a contribution to the UA College Savings Plan through the 2010 Permanent Fund Dividend application process is automatically entered.

We will make one entry for each contribution made through the PFD application process. If you have family members who contribute through the PFD process, they will also be entered.

The time frame is the 2010 PFD application period, from January 1, 2010 through March 31, 2010.

You may still be able to opt-in. To do so you must contact the Department of Revenue and fill out their UA Savings Plan Add or Withdraw 2010 form. You must do so before September 1, 2010. You can obtain the form online at www.pfd.state.ak.us/forms or you can call the PFD office for more information.

You can call the PFD office at (907) 269-0370 (Anchorage), (907) 451-2820 (Fairbanks) or (907) 465-2326 (Juneau) to review your application. You can also check your application online at http://www.pfd.state.ak.us.

The drawing will take place on November 1, 2010.

We will contact you by phone and/or mail.

We will announce winners to the public after all winners have been notified and their eligibility confirmed.

Yes, as long as you contribute to the UA College Savings Plan through the 2010 Permanent Fund Dividend process.

No, only those who contribute to the Plan through the 2010 PFD application process will be entered.

The Scholarship Accounts will expire 10 years from the award date or 10 years following the Beneficiary’s 18th birthday, whichever occurs later.

We will invest the funds in the UA College Savings Plan ACT Portfolio and they will be subject to any market gains or losses.

No, the Scholarship Accounts must be invested in the ACT Portfolio.

It depends on where you attend college and tuition expenses at the time of enrollment. However, if you enroll at UA, this investment in the ACT Portfolio will lock in approximately 134 UA tuition credits, which may be enough for a bachelor’s degree.

No. However, if the Beneficiary uses the Scholarship Account to pay for tuition at the University of Alaska, the Account will be covered by the Tuition-Value Guarantee. As such, the Account will be guaranteed to keep pace with tuition inflation at the University of Alaska and against market loss.

The Education Trust of Alaska will be the Account Holder and must authorize any distributions.

If you are 18 years old or older, you can name yourself as the Beneficiary on the Account or you can allocate the funds to one or more other beneficiaries of your choosing.

If a minor wins, he or she will be the Beneficiary on the Account. The PFD sponsor must complete the winner’s Certificate of Consent and provide additional information on the minor’s behalf to establish the Account.

If the Beneficiary doesn’t attend college the Account will eventually expire. The Account may not be transferred once the Account is established with the initial Beneficiary(s).

If you win one of the Scholarship Accounts, we encourage you to consult your tax advisor to determine tax implications, if any.

You can use the Scholarship Account at qualified schools across the country.

The Education Trust of Alaska is funding the Scholarship Accounts and all related promotion.