Announcing the 2015 Scholarship Account Giveaway Winners!

Saving your PFD could win you a $25,000 scholarship account.

All Alaskans who automatically contribute half of their 2017 PFD will be entered to win a $25,000 scholarship account.* The drawing for the winner will occur on October 27, 2017 and the winner will be notified shortly thereafter.

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

The drawing for the 2016 winner occurred on October 28, 2016. View our video to learn more about the 2016 winner.

*The scholarship account will be funded by the Education Trust of Alaska. Certain restrictions apply, see the 2017 complete rules for details regarding the 2017 Scholarship Account Giveaway.

Frequently Asked Questions

What is the Scholarship Account Giveaway?

The UA College Savings Plan is giving away one $25,000 Scholarship Account. The Account can be used to pay for qualified higher education expenses at any eligible school in the country.

Who is eligible to enter and how many times can I enter the giveaway?

Anyone who makes a contribution to the UA College Savings Plan through the 2017 Permanent Fund Dividend application process will be 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. Employees of the University of Alaska providing direct support to the Education Trust of Alaska, employees of T. Rowe Price Associates, Inc. ("T. Rowe Price"), its affiliates, and advertising and promotional agencies and their immediate family members and members of their households, and all prior winners of the $25,000 or $2,500 Scholarship Account Giveaways, are NOT ELIGIBLE to participate.

What is the time frame for entering?

Anyone who contributes half of their 2017 PFD before August 31, 2017 will be entered into the contest. If you do not elect to contribute half of your PFD on the 2017 PFD Application, you can change your election online by logging into myPFDinfo or fill out and submit the UA College Savings Plan Add form before August 31, 2017, to update your PFD application.

What if I already submitted my PFD application but didn't make the election?

If you do not make the election on your 2017 PFD Application, please contact the Department of Revenue and change your election online by logging into myPFDinfo or fill out and submit the UA College Savings Plan Add form before August 31, 2017, to update your PFD application. Visit www.pfd.state.ak.us/Forms/index to obtain the form, log into myPFDinfo, or call the PFD office for more information.

What if I can't remember if I answered "Yes" on the UA College Savings Plan question on the PFD application?

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 www.pfd.state.ak.us.

When is the drawing and how will the winner be notified?

The drawing will take place on October 27, 2017. The winner will be contacted in person or by phone and/or mail.

When will the winner be announced?

We will announce the winner to the public after they have been notified and their eligibility confirmed.

If I already contribute to the Plan, am I still eligible?

Yes, as long as you contribute to the UA College Savings Plan through the 2017 Permanent Fund Dividend process.

I'm not eligible to receive a PFD. Is there another way I can qualify for the Scholarship Account Giveaway?

No, only those who contribute to the Plan through the 2017 PFD application process will be entered.

Will the Scholarship Account Expire?

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

How will the Scholarship Account be invested?

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

Can I change the portfolio?

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

How many college credits will $25,000 cover?

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 107.75 UA tuition credits, which may be enough for a bachelor's degree.

Are the investments guaranteed?

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.

Who will be the Account Holder on the Scholarship Accounts?

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

If I win, can I give the scholarship to someone else?

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 choice.

What happens if a minor wins the drawing?

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.

What if the Beneficiary I choose does not attend college?

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).

Will I owe taxes if I win?

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

What if I plan to attend a college other than the University of Alaska?

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

How is this Scholarship Account Giveaway being funded?

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