US is Sending $1702 Stimulus Payment in July First Week: Who is Getting this Payout?

blacksea

People residing in the parts of Alaska are going to receive a stimulus check of $1702 soon in this month, in July 2025. The stimulus payment will be made through the Permanent Fund Dividend System. Those who are recipients of this program receive an annual payment as part of the share of the state’s natural resource wealth.

Also Read
Good News for 65-Year-Olds: Collect a Social Security payment of $1,611 in July in the U.S. if eligible
Good News for 65-Year-Olds: Collect a Social Security payment of $1,611 in July in the U.S. if eligible

For 2025, the estimated amount for the same has been speculated at approximately $1702 for each eligible candidate. This payment will help many families in Alaska to cover their basic daily expenses.

$1702 Stimulus Payment in the First Week of July

Residents of Alaska will finally hear some good financial news as a new stimulus check is coming their way. A check of $1702 from the PFD will be sent to all the eligible residents of the state of Alaska.

Also Read
Government Confirms New ‘Senior Bonus’ Coming Soon: How Much Extra Money Could You Receive?
Government Confirms New ‘Senior Bonus’ Coming Soon: How Much Extra Money Could You Receive?

The department every year provides these stimulus checks to the people living in the state and for the year 2025, the estimated amount seems larger than that of the previous year. This payment acts as a dividend and is derived from the state’s earnings through oil and gas production. If the estimated amount is true, then it will be a 30% increase from what was given last year.

The payment will be divided into two parts, and the distribution will be made in two parts only. The first part will be the regular dividend earned, which is $1403.83. And the second payment will be of $298.17, which will be part of a special energy relief bonus. This extra bonus is particularly given for the high cost of electricity and other energy costs that are faced by the residents of Alaska.

Also Read
New COLA Estimate Revealed: All You Need to Know About Your Future Checks
New COLA Estimate Revealed: All You Need to Know About Your Future Checks

As the climatic conditions of the state are not very apt for any vegetation and other resources, many of these things are outsourced or borrowed from other states in the US. This makes the cost of these resources higher than what they usually are in the other states. This annual payment helps the residents cope with the high cost of basic amenities there.

$1702 PFD Stimulus Payment 2025: Overview

Article on$1702 PFD Stimulus Payment 2025
CountryU.S.A
DepartmentState Government OF Alaska
Program Alaska Permanent Fund Dividend (PFD)
BeneficiaryResidents of Alaska
Stimulus Check Amount$1702 per eligible candidate
Payment date in July17th July 2025
CategoryGovernment Aid
Official websitepfd.alaska.gov

Alaska Permanent Fund Dividend (PFD)

The Alaska Permanent Fund Dividend is a financial aid program that provides financial assistance to the people of Alaska as a form of dividend. The payment is the profit from the abundant oil found in the state each year. When oil resources were discovered in the state, the government decided they invest a portion of the earnings for the welfare of the residents of the state.

Also Read
Social Security Raised the Full Retirement Age Effective from August 2025: What Retirees Need to Know
Social Security Raised the Full Retirement Age Effective from August 2025: What Retirees Need to Know

The cooperation of Alaska Permanent Fund Dividend manages these welfare investments that include bonds, real estate holdings, and stocks all over the world. The reason for this diversified approach to investment is to make sure the funds are always growing and the department is able to pay residents stable returns despite the fluctuation of oil rates in the global market.

US is Sending $1702 Stimulus Payment in July First Week: Who is Getting this Payout?

Each year’s payment is determined using a basic formula that is based on the average investments earned over the past 5 years. This approach helps in stability and also prevents fluctuation due to volatility in the Oil market. As of 2025, experts have estimated that all the eligible individuals will receive the amount of $1702 from the department.

Also Read
Social Security Retirement Age Update 2025: Who Qualifies for Full Benefits Under New Rules?
Social Security Retirement Age Update 2025: Who Qualifies for Full Benefits Under New Rules?

This is just an estimation, and the actual benefit will be announced sometime later by the department. Some leaders have also estimated that the amount may be higher than the estimation made; it could reach up to $3900 per individual, although then it would need approval from the legislature and also additional funding from the state.

Eligibility Criteria for the $1702 PFD Payment

If you are a resident of Alaska, you should check the eligibility criteria for the stimulus payment provided by the PFD on an annual basis.

The state of residency

  1.  A person should be living in the state (Alaska) for a minimum of one year before the application is sent for the payment check.
  2. A person should have the intent to stay in the state permanently
  3. If someone wants to apply, they will need to make sure that they do not have any other residency, be it state or country.

Legal Requirements

A person will not be qualified for the annual stimulus check if they have been accounted of a crime or they have served a sentence in prison (in the past years).

In case of absence

One might be eligible if they are not present in the state, only if they are outside for 180 days, and because of the following reasons.

  • For medical processes and treatments
  • For serving in the US military
  • Educational reasons ( schools or colleges)
  • Have been accompanying someone who needs to go out of the state.

Dependants of the original claimant

Dependents of the original candidate can receive the payment on behalf of the original candidate. They can be either parents or children. The rules mentioned above will be applicable to them.

Payment dates for PFD payments in 2025

This year, the PFD has announced that the payment of the dividend will be done in three rounds. 

  • Round 1 – June 18th, 2025 ( those who were in the status of  eligible-not paid by June 11)
  • Round 2 –  17th July 2025 (those who were in the status of  eligible-not paid by July 9)
  • Round 3 –  21st August ( those who were in the status of  eligible-not paid by August 13)

If you are an eligible candidate, make sure to check your bank accounts if you have opted fr direct deposit; otherwise, check your mail to make sure the payment is done. If you do not receive the payment by the given date, wait for 3 business days before approaching the department.

Official WebsiteClick Here
HomepageBlackSea-Commission.org

Leave a Comment