T Rowe Price College Savings Plan Alaska
About: T. Rowe Price College Savings Plan, the nationally-branded version of Alaska’s direct-sold 529 savings program mirrors the University of Alaska College Savings Plan but lacks the ACT Portfolio found in the UA program. The enrollment-based and static portfolios available in this program utilize T. Rowe Price mutual funds.
Phone #: 1-800-369-3641
Investment Options: The Enrollment-Based Portfolios contain 8 portfolios of underlying mutual funds. 7 portfolios shift to a more conservative investment allocation over time, eventually transferring to the College portfolio. Investors can select among 2 multi-fund portfolios (Equity Portfolio and Balanced Portfolio), the Fixed-Income Portfolio (a fund-of-funds), the Total Equity Market Index Portfolio, and the Money Market Portfolio. These investments are from T. Rowe Price mutual funds.
Tax Benefits: Not applicable. Alaska does not have a personal income tax.
State Residency Requirements: No state residency is required to participate in Alaska 529 College Savings Plans
Saving for College with Upromise
Upromise is a service that helps individuals save money to pay for college or to pay down existing student loan debt.
Upromise is a great way to save through partnerships with retailers. Similar to a cash back rewards card, this plan puts rewards from retailers into an account that you can use to save money for school or paying down current Sallie Mae serviced student loans.
Once you join Upromise, you simply have to shop at eligible retailers. You can shop online and get anywhere from 1$ to 25% back that is credited to your account. There are more than 600 online retailers, including Target and more, which will give you rewards that can be used for college and tuition expenses.
The beauty of the Upromise program is that you save money for college by simply shopping at the normal stores you visit every day. Upromise was created in partnership with Sallie Mae and is designed to help save for education costs.