Enter to win College Savings Plan 25K scholarship through PFD application
Check "yes" on PFD line 6 to enter UA College Savings Plan's $25,000
The University of Alaska College Savings Plan is, for the second year
in a row, holding a $25,000 scholarship account drawing for those who
check "yes" on Line 6 of the Alaska Permanent Fund Dividend
application over the next several months.
Line 6 is the line applicants use to show they want to deposit half of
their PFD into an existing or new college savings plan account. In
addition to the $25,000 grand prize, which will be deposited into an
account for the winner, the UA College Savings Plan will choose four
$2,500 scholarship account prize winners. Parents should check "yes"
on both their own PFD application as well as their child's to increase
chances of winning.
A four-year-old boy from North Pole won the grand prize in 2010, which
was announced during the Great Alaska Shootout tournament in Anchorage
on Thanksgiving Day. Four other children ages 4-16 from Anchorage,
Wasilla and Tanana each won $2,500 scholarships.
"If you already have a UA College Savings Plan, checking the box not
only helps you save more, but also puts your name in the hat for a
chance at a very generous investment in your child's future," said
Linda English, director of the college savings plan. "If you don't
have an account yet, the PFD line 6 check-off is a simple and
effective way to get started. And if you win a scholarship, your son
or daughter will be that much more ahead."
Plan beneficiaries can use the money to pay for expenses at any
eligible college, university, or vocational/technical school in the
country. If the beneficiary uses it for tuition at UA, $25,000 is
enough to pay for a four-year degree.
Anyone who contributes half of their 2010 PFD through the official
application will be entered to win regardless of whether they
previously opened or established a UA College Savings Plan account.
The drawing will occur Nov. 1, 2011. The Education Trust of Alaska,
the trust established to administer the college savings program, funds
the scholarship giveaway.
You can apply for your PFD Jan. 1 through March 31, 2011. Applicants
can apply online or visit a distribution center. For more information
about the PFD, go to http://www.pfd.state.ak.us/. For more information
about the UA College Savings Plan and the $25,000 Scholarship Account
Giveaway, go to uacollegesavings.com.