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The Alaska College Savings Act requires that the name, address, and other information identifying a person as an Account Holder or Beneficiary in the Education Trust of Alaska (Trust) be confidential. The University of Alaska (University) serves as Trustee of the Trust. The Trust selected T. Rowe Price Associates, Inc., as Program Manager to provide investment, recordkeeping, marketing, and other administrative services for the Plan. The Trust, the University, and T. Rowe Price and its affiliates (T. Rowe Price*) recognize their individual and collective obligations to keep this information secure and confidential.
Through your participation in the Plan, the Trust, the University, and T. Rowe Price collect various types of confidential information, such as your name and the name of the Beneficiary, Social Security numbers, addresses, and other information. The Trust, the University, and T. Rowe Price also collect confidential information relating to your Plan transactions, such as Account balances, contributions, distributions, and investments. Information may come from you when communicating or transacting with the Trust, the University, and T. Rowe Price. On occasion, information may come from third parties providing services to the Trust, the University, and T. Rowe Price.
The Trust, the University, and T. Rowe Price maintain physical, electronic, contractual, and procedural safeguards to protect the information about you that each collects. These safeguards include restricting access to those persons who have a need to know the information, such as those who are servicing your Account or informing you of additional products or services where appropriate.
The Trust, the University, and T. Rowe Price will not sell any information collected about any Account Holders or Beneficiaries to any third parties, or disclose such information to third parties except (1) to regulatory agencies and authorized auditors and compliance personnel for regulatory, compliance, or audit purposes; (2) as may be necessary to process transactions or service Accounts; or (3) in accordance with the Account Holder’s consent. In addition, the Trust, the University, and T. Rowe Price may share information with third parties that perform administrative or marketing services relating to the Trust. In these circumstances, the applicable contracts restrict the third parties’ use of your information and prohibit them from sharing or using your information for any purposes other than those for which they were hired.
The Trust, the University, and T. Rowe Price may in the future use information about you to identify and alert you to other savings or investment programs offered by any of them or in conjunction with a third party, or information about higher education or the University that might interest you. If you do not wish to receive such information, call T. Rowe Price toll-free at 1-800-638-5660.