Alaska 529 Common Questions: Scholarships

Common Question: What if my child has an Alaska 529 account and receives a scholarship?

Congratulations to them! There are several options if you have more funds in you account than you need. Keep the following in mind as you plan:

1. You can use the Alaska 529 account for qualified expenses not covered by the scholarship.
2. Save the account for future education expenses, such as a graduate program.
3. You can change the beneficiary on the Alaska 529 account to an eligible family member.
4. Request distributions up to the amount of the scholarship penalty-free.

Check out this link for more details.