Dashing into 2025: Don't miss your $250 Incentive Payment!
December 20, 2024
As 2024 comes to a close, Alaska 529 encourages you to secure the Dash to Save™ and Dash to Save More™ incentives!
The generous incentive programs offer:
- A $250 payment to qualifying, new Alaska 529 accounts opened with a minimum investment of $25 during the calendar year.
- An additional $100 contribution to accounts (new and existing) for recurring contributions and/or payroll direct deposit of at least $25.
Alaska 529’s incentive contributions can earn a new account owner/beneficiary relationship up to $350 for the opening of a new account and setting up systematic savings. The contributions could result in an additional $100 annually if the account owner keeps investing through direct deposit or recurring monthly contributions.
Alaska 529 launched the incentive programs with the following goals in mind:
- Increase the percentage of children in all regions of Alaska saving for education, with a long-term goal of every child in Alaska having dedicated funds for future education.
- Boost postsecondary enrollment and graduation rates for Alaska students by fostering educational aspirations.
- Provide financial tools and resources to support Alaska’s economic growth and workforce development, making education more affordable and accessible for all Alaskans.
- Encourage proactive financial behavior to prepare for future education.
- Encourage families to start saving as soon as possible.
“Data shows even relatively small, modest investments in a young person’s education savings can increase their chances of pursuing higher education and graduating,” said Lael Oldmixon, executive director at Alaska 529. “We designed the best, most robust incentives to help families save for whatever schooling their young Alaskan might want. That could be college, trade school, vocational training, apprenticeship, or whatever students of all ages want to pursue. We are here to make their career paths affordable and attainable.”
For 23 years, Alaska 529 has made it easy to save for education. The tax-advantaged accounts offer unique benefits, such as the University of Alaska Portfolio, which has the Tuition-Value Guarantee (this guarantees that your investment will keep up with tuition inflation at the University of Alaska, and if it doesn't, the Education Trust of Alaska makes up the difference). Alaskans can save through many channels, including Direct Deposit, recurring contributions from a bank, the UGift gifting portal, and the Permanent Fund Dividend.
Dash to Save and Dash to Save More are marketing initiatives. The Education Trust of Alaska’s marketing and operational expenses are funded by investment earnings from the Education Trust of Alaska Administrative Trust Accounts.
More information, including program terms and conditions, is available at Alaska529plan.com/dashtosave. You can also stop by suite 207 in the Butrovich Building or call (907) 474-5671 for assistance.