09/05/2026
Celebrating 25 Years of Helping Alaskans Get Higher Education and Training! 💙💛
This year marked the 25th Anniversary of the Education Trust of Alaska! In March 2000, the Education Trust of Alaska was established with the bipartisan support of the Twenty-First Alaska State Legislature after the US Congress passed Section 529 of the Internal Revenue Code in 1996. The Code allowed for the creation of qualified tuition programs, commonly known as “college savings plans,” “529 education savings plans,” and “529 plans.” Section 14.40.802 established what is now called the Education Trust of Alaska within the University of Alaska (UA) to help families save and plan for future education expenses. The Trust funded its first accounts in April 2001.
Since then, the Trust has administered Alaska’s three 529 plans: Alaska 529, the T. Rowe Price 529 Education Savings Plan, and the John Hancock Freedom 529. These tax-advantaged savings plans give families a path to fund education, avoid student loan debt, and qualify for better jobs and more opportunities. Nationally, the Trust manages the assets of more than 300,000 future students.
As someone who benefitted from having an Alaska 529 plan while I got my education at the UA system, I was honored to present a Legislative Citation honoring their 25th anniversary. Congratulations to the Education Trust of Alaska, and here’s to many more years of helping students and families afford higher education!