$1,702 Stimulus Payment for Everyone: Do you live in the US state of Alaska? If yes, then there is good news for you. In the year 2025, every eligible resident of Alaska is going to get a financial aid of $1702, which is called Permanent Fund Dividend (PFD). This amount is given from the income from Alaska’s oil and gas. This year this amount is about 30% more than last year. This assistance is not just a financial aid, but a special policy to give the people of Alaska a share of their natural resources.
What is PFD and why is it given?
Permanent Fund Dividend, called PFD, is a scheme that the state of Alaska has created for its citizens. This scheme was started in the year 1976. At that time the government decided that a part of the income from Alaska’s oil and gas would be kept safe for the public. From this money, a fixed amount is given to the eligible residents of the state every year.
The main objective of this scheme is:
- To make the benefits of Alaska’s natural resources available to all people
- To strengthen the economic condition of the state
- To promote local market and employment
Through this, such a scheme not only assists persons individually, but also boosts the economy of the whole state.
What amount will be obtained in 2025?
In 2025, a sum of 1702 dollars will be distributed among all the eligible citizens per year. This amount is divided into two parts:
- Regular Dividend – $1,403.83
- Energy Relief Bonus – $298.17
This Energy Relief Bonus has been added specifically because the cost of energy (such as electricity and heating) in Alaska is very high, especially in the cold months. Therefore, this bonus gives people some relief in their bills.
Know When $1,702 Stimulus Payment is Coming
PFD funds are deposited directly into your bank account. If you applied in 2024 or earlier and your application status is “Eligible – Not Paid” and this status is updated by June 11, 2025, you will be paid in June 24, 2025.
Keep in mind, only those people will be able to get payment on June 24 whose application is already approved and payment is pending.
Who is eligible?
Now the most important question is who will get this money?
There are some key rules to determine eligibility for Alaska PFD:
- Live in Alaska: You need to have resided in Alaska during the whole of the past financial year (i.e. January 1 to December 31), and then you can apply. You will also need to demonstrate that you would like to reside in Alaska permanently.
- Physical presence: You must have lived in Alaska for at least 72 consecutive hours in the last 24 months.
- Criminal record: If you have committed a serious crime and gone to jail in the last 12 months, you may be ineligible for this scheme.
- Other conditions: There are some other legal conditions such as you have not made permanent residence in any other state of the US or have not misused government aid.
How is the application process?
Application for PFD has to be made by a fixed deadline every year.
The application date for 2025 was:
- Start: 1 January 2025
- Last date: 31 March 2025
You can apply in two ways:
- Online application: You can fill the form by visiting the official website of Alaska PFD.
- Application by post: Print and fill the application form and send it to the prescribed address.
If you have applied ahead of time and your information is found to be correct, then there will be no problem in payment.
What impact does PFD have on Alaska’s economy?
PFD is not just personal financial aid. It also impacts the state’s economy. When thousands of people receive this money at once, they use it for household needs, shopping, children’s education, medical expenses or energy bills.
This results in:
- Sales at local stores and businesses increase
- New business opportunities are created
- Job opportunities are created
For example, if a family receives this money and buys a new heater or clothing, it also benefits that store and can keep its employees on the job.
Is this a type of stimulus check?
Yes, you can think of it as a local stimulus check, but the difference is that it is given regularly every year. Its purpose is not just to provide immediate relief, but to keep Alaska’s economic system balanced and strong.
Suppose you had not applied?
You did not meet 2025 deadline? No need to get alarmed. You can apply in the coming year i.e. 2026. In the meantime, keep your necessary documents like identity card, residence certificate, and other information ready so that no mistake happens next time.
Conclusion: Why is PFD special?
PFD is not just a scheme to give money, but it is an example of how if a state manages its resources properly, then its citizens can also get direct benefit from it. This scheme shows how a trustworthy relationship can be built between the government and the public.
Every year thousands of Alaska residents wait for this scheme, and when they get this amount, many of their financial problems are solved. Whether it is children’s education, electricity bill or buying warm clothes in winter – this amount brings relief to them.
FAQ
1. What is the Alaska Permanent fund dividend (PFD)?
PFD is a yearly money handout issued to the residents of Alaska, who are eligible to receive annual payments based on state oil and gas proceeds in expectation of sharing resource wealth and improving the economy of locals.
2. What will be the take of the eligible residents in 2025?
In 2025, residents eligible will acquire a $1,702 dividend that will comprise an ordinary dividend of 1,403.83 US dollars and an energy relief benefit of 298.17 US dollars to counter high energy prices in Alaska.
3. Who qualifies to receive PFD payment in 2025?
Eligibility necessitates staying of the entire year in Alaska in the year 2024, indefinite intentions to stay, physical presentation within the past 2 years, and no significant criminal convicted cases within the last 12 months.
4. What will be the payment date of 2025 PFD?
The applications will be paid to the applicant by June itself, 2025, whose application status would remain as;Eligible – Not Paid as of June 11, 2025, on their 2024 or prior application.
5. How and when should the residents apply to PFD?
The Permanent Fund Dividend payment will be awarded in the year 2025 and any application that should be considered has to be submitted between January 1 and March 31, 2025, whether online or by mail.
Shreya Singh is a dedicated financial journalist known for her in-depth coverage of government programs and economic updates. She consistently delivers accurate information on U.S. topics such as Stimulus Checks, IRS announcements, and federal relief efforts. Shreya also reports on UK welfare programs, covering developments in Universal Credit, PIP, and DWP news. Her clarity and commitment to trustworthy reporting have earned her a loyal following among readers seeking insightful financial updates.