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Celebrate College Savings Month with the UA College Savings Month
September is College Savings Month, and to celebrate, we are giving away four- $529 scholarship accounts! Check our Facebook page to find out how to qualify for the random weekly drawings.
This month, we encourage all families to evaluate their college savings needs and goals, and take advantage of Alaska’s top-rated 529 offering - the UA College Savings Plan!
Did you know?
A 529 plan is a tax-advantaged way to save for future educational expenses. While the contributions are made with post-tax dollars, the earnings grow free of federal tax.
You can use funds at any educational institution that is eligible for federal financial aid, and it doesn’t have to be a university! You may also use your account at technical and vocational schools, or to pay for K-12 tuition.
It covers more than just tuition. Books, fees, housing, and required supplies are all eligible expenses.
You may use your account to cover up to $10,000 per beneficiary per year for tuition at public, private, or religious schools.
You can also save for your loved one's future education expenses through automatic payroll deductions. To participate in payroll deduction, first set up an account in the UA College Savings Plan. Enroll online or by calling 1-800-478-0003. Then, fill out a Payroll Deduction Request form and return it to our office. Alternatively, you can enroll in Automatic Monthly Contributions.
We aim to make saving for college easy and help you make the most of your savings. Happy College Savings Month!
Image: Ana Vas at the Molly of Denali Children’s premiere in Fairbanks, sponsored by the UA College Savings Plan. Molly of Denali is the first nationally-distributed cartoon series featuring a Native American lead and is now playing on PBS Kids.