Performance Details

University of Alaska - Enterprise Entities

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Mission

The University of Alaska inspires learning, and advances and disseminates knowledge through teaching, research, and public service, emphasizing the North and its diverse peoples.

University of Alaska Mission Statement
Board of Regents' Policy 01.01.010
Adopted 10-06-00

Core Services

• Provide resources for families to fund education, qualifying for better jobs and more opportunities.

Mission Results	Core Services
A: Increase assets under management by ETA  Details >	A1: Provide resources for families to fund education, qualifying for better jobs and more opportunities.  Details > TARGET #1: Increase assets under management (AUM) in Alaska\'s three 529 college savings plans offered by the Education Trust of Alaska.

Performance Detail

Target #1: Increase assets under management (AUM) in Alaska\'s three 529 college savings plans offered by the Education Trust of Alaska. Methodology: Assets under management include 529 accounts in the Alaska 529 (formerly University of Alaska College Savings Plan), the T. Rowe Price College Savings Plan and the John Hancock 529 Plan. Education Trust of Alaska Assets Under Management (in millions) Fiscal Year YTD Total FY 2021 10,962 +22.13% FY 2020 8,976 +2.36% FY 2019 8,769 +4.47% FY 2018 8,394 Analysis of results and challenges: Assets under management (in millions) for the Education Trust of Alaska were $10,962 as of 6/30/21, an increase of 22.13% over prior year. In part due to families saving more during the pandemic, the Education Trust of Alaska saw significant increases in new accounts and contributions. Strong investment returns for the year also contributed to the growth in assets.

Current as of August 23, 2021