$1,702 Stimulus Payment: Thousands of US citizens expect different types of financial aid plans every year, and especially in the state of Alaska, Permanent Fund Dividend (PFD) is one of the most awaited programs. This is no ordinary subsidy, but a permanent state plan that distributes a portion of the profits from Alaska’s natural resources (primarily oil) directly to eligible citizens of the state.
The main objective of this scheme is to share the profits earned from Alaska’s natural resources with the citizens there. In 2025, under this scheme, each eligible citizen will be given an amount of $1,702, which is 30% more than last year.
Is PFD also a “Stimulus Check”?
It is important to know that some people mistakenly consider PFD as “Stimulus Check”, whereas in reality it has no connection with the stimulus payments distributed by the Trump or Biden government during the COVID-19 pandemic. PFD is a completely different and special scheme of Alaska, which benefits more than 6 lakh people every year.
When will your money come? – Important dates of July 2025
If you have applied for PFD for 2024 (or earlier) and your status has come in “Eligible-Not Paid”, then some key dates are important for you. These dates determine when you will receive the payment:
- If your application status was “Eligible-Not Paid” as of June 11, 2025, you would have received the payment on June 18, 2025.
- If your status remains “Eligible-Not Paid” as of July 9, 2025, the payment date will be July 17, 2025.
- If the status remains the same as of August 13, 2025, the payment will be made on August 21, 2025.
So, if you have applied on time and your status is “Eligible-Not Paid” as of any of the above dates, you will definitely get the payment on the due date.
Are you eligible to receive $1,702? Know the eligibility conditions
There are some strict conditions to avail the PFD which must be fulfilled:
- Residency:
- You must have lived in Alaska for the entire 2024 calendar year. Also, you must prove that it is your intention to live in Alaska permanently in the future.
- Criminal background restrictions:
- If a person has been convicted of certain crimes, or
- has been in prison during any period in 2024,
- then those people will not be considered eligible for this payment.
- Application process:
- The last date for application was 31 March 2025.
- The application could be made through the pfd.alaska.gov portal or by post.
- Late applications are not accepted.
- Documentation Required:
- A valid government identification card (ID),
- Proof of being an Alaska resident in 2024,
- And a valid Social Security Number (SSN) or ITIN are mandatory.
Importance of PFD and its social impact
PFD is not just financial aid, but it is an important part of Alaska’s social and economic structure. This program not only provides economic relief to the people but also symbolizes people’s participation in the state’s natural assets. For many families, it acts as an annual bonus that meets their daily needs. Children’s education, health expenses, rent or winter preparations – this amount is used for various purposes.
Future prospects and development of the scheme
The amount of PFD payment every year depends on the state’s income and investment. In 2025, this amount has increased by 30%, which indicates that the state’s economy has improved and the benefits from natural resources have increased. This scheme will be stronger in the future if Alaska manages its resources properly.
Conclusion: Did you apply? So just wait
If you have met all the conditions, applied on time, and your status is “Eligible-Not Paid” – you will definitely get the payment in July, August or earlier. This amount of $1,702 is not just financial aid, but recognition of you being a citizen of Alaska.