Discover Alaska’s Generous $1,702 Payment Plan for Residents in June 2025: A Big Incentive to Move and Stay

The state of Alaska is continuing its efforts to support its residents and encourage long-term residency through a unique financial initiative. Residents can look forward to receiving a $1,702 payment this year as part of the Alaska Permanent Fund Dividend (PFD) program.

This state-funded program plays a vital role in helping Alaskans deal with financial challenges while serving as an incentive to stay and establish permanent residency in Alaska.
 

What Is the Permanent Fund Dividend (PFD)?

Unlike federal stimulus checks distributed during the pandemic, the $1,702 payment is Alaska’s annual Permanent Fund Dividend.

This program redistributes part of the income generated from Alaska’s oil resources directly to its residents. For 2024, the total PFD payment amount comes from two sources:
 

• A base dividend of $1,403.83, derived from the Permanent Fund.
• An additional bonus of $298.17.

These amounts are combined into a single payment totaling $1,702, which serves as financial aid for its residents while also promoting state residency.
 

Eligibility Requirements for the $1,702 Payment

To qualify for the PFD payment, residents must meet specific requirements. Alaska citizens must:
 

• Maintain Residency: Have lived in Alaska for the entirety of 2024 and show intent to remain in the state permanently.
• Stay Locally Present: Applicants must not have been outside of Alaska for more than 180 days during the year.
• Avoid New Residency Claims: Individuals who have applied for residency in another state are not eligible.
• Have a Clean Record: Applicants should not have any criminal convictions or records.

The goal of these requirements is to encourage long-term residency in Alaska, which has challenges like a harsh climate that may deter potential residents.
 

How Can the Stimulus Payment Be Used?

The $1,702 stimulus payment can serve as a significant financial resource for residents. It can be utilized for various significant expenses including:
 

• Down Payment on a New Home: The extra funds can be a great help for those looking to purchase a home in Alaska, making home ownership more accessible.
• Payment of Utilities: The harsh climate of Alaska can result in high utility bills, particularly during the winter months. The stimulus can help cover these costs, easing the burden on families.
• Extra Fund for Rent: The payment can also subsidize housing costs, providing relief for renters and making it easier to manage monthly budgets.

 

Payment Dates: When Will You Receive the $1,702?

The payment dates for the 2024 Permanent Fund Dividend have been confirmed for the summer of 2025. Here’s what you need to know:

Applications for the dividend that are in an "Eligible - Unpaid" status as of July 9, 2025, will be processed and deposited on July 17, 2025.

Similarly, any applications for the 2024 dividend that are in "Eligible - Unpaid" status by August 13, 2025, will be distributed on August 21, 2025.

These dates ensure that qualified residents receive the financial assistance they need while adhering to the program's deadlines.

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Find out if you're eligible for more housing support here!