A new $1312 payment is coming next month, are you eligible to get it?
Check to see if financial aid is coming your way.
Alaskans are set to receive $1,300 stimulus checks, providing essential financial support during global economic challenges. This payment is part of the state’s Permanent Fund Dividend (PFD) program, designed to offer ongoing economic benefits to residents.
The $1,300 payment includes an initial $300 installment, followed by a $1,000 payment, all sourced from Alaska’s oil revenues. This direct distribution of funds to residents sets Alaska apart from other states.
The Permanent Fund Dividend program, a distinctive feature of Alaska’s economy since its establishment in 1976, ensures that revenue from oil and natural gas benefits all Alaskans.
Managed by the Alaska Permanent Fund Corporation, the program functions as a savings account and provides annual cash payments to residents. Unlike temporary federal stimulus checks, the PFD offers a consistent financial boost, acting as a form of universal basic income.
Eligibility Criteria and Payment Schedule
To qualify for the $1,300 stimulus check, Alaska residents must have maintained continuous residency throughout the previous calendar year and intend to continue living in the state. Applications for the dividend had to be submitted by March 31 of this year.
Payments will begin on August 15 for those who applied on time and meet all eligibility criteria.
In response to the higher-than-expected PFD amount, Anchorage resident Jerry Perkins expressed that he believes anything over $1,700 is excessive and that it should have been around $1,200.
“But, you know, am I going to turn it down? No, I’m not going to turn it down. Am I going to cash the check? Yes, I’m going to cash the check,” Perkins said.
Anchorage resident Sam Bair feels the $1,700 amount is just right and will help with paying bills.
“Well, the problem with the PFD is that it’s needed because it’s so hard to live. I mean, I gotta tell you, like I’m paying rent a couple days late today, and I’ve got two jobs, and I shouldn’t have that problem since I go to work every day,” Bair said.
