Check 'yes' on PFD line 6 to enter UA College Savings Plan's $25,000 scholarship drawing
by Kathleen McCoy |
The University of Â鶹ÎÞÂë°æ 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 Â鶹ÎÞÂë°æ
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 prizewinners. Parents should check 'yes' on both their own PFD application as well as their child's to increase chances of winning.
A 4-year-old boy from North Pole won the grand prize in 2010, which was announced during the Great Â鶹ÎÞÂë°æ 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 Â鶹ÎÞÂë°æ, 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. More information is available on the .
For more information about the UA College Savings Plan and the $25,000 Scholarship Account Giveaway, go to the .
If you have questions, please contact Linda English at (907) 322-3687 or ljenglish@alaska.edu.