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This is a program that offers outstanding flexibility, attractive investments, and additional economic benefits (such as generous state tax incentives) that for some people, at least, will provide a substantial boost to their savings. There are few, if any, weaknesses noted in the program.
You can use your Alaska 529 account tax-free for education expenses* both in and out of Alaska, wherever your loved ones path takes them. Use your 529 savings to pay for fees, books, supplies, and equipment needed for apprenticeships.
You can use 529 plan funds to pay for study abroad expenses if the study program at the foreign institution is eligible for credit at the students US home institution, and if the foreign institution is eligible for Title IV federal student aid, which can be determined by looking for the federal school code.
You can use a 529 account to pay for qualified higher education expenses at most colleges and universities, and also at many technical, trade, vocational, and career schools. See how NEST can help you save for college.
The guarantee ensures that your earnings will match or surpass the rate of tuition increases at UA. The guarantee begins July 1 following the date of your contribution and applies to distributions used to pay tuition at the University of Alaska.
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In 1996, U.S. Senator Bob Graham of Florida, where a prepaid plan was well established, and U.S. Senator Mitch McConnell of Kentucky, which had a savings trust, led a bipartisan effort to provide federal tax relief for all plans, resulting in the creation of Section 529 of the Internal Revenue Code (IRC).
Experience has been a critical component to Alaska 529s success. Since 2001, we have partnered with T. Rowe Price, a global investment firm, to provide actively managed investment options to our account holders.
Alaska 529 ranked #1 for performance for the one-, three-, and five-year periods in the December 2022 SavingforCollege.com 529 Plan Performance Rankings.

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