Scholarship lotteries are not really proper scholarships. While they do involve a cash payout, awards are not based on merit or need. Rather, scholarship lotteries are exactly what the name implies-a game of chance. A student may enter their name in the pool, and if it is drawn they win money for their college education.
Also know as scholarship sweepstakes, these lotteries are open to all students attending, or planning to attend, university. Students who apply for scholarship lotteries do have to meet the minimum GPA and ACT/SAT test score requirements, but these are much lower than those for most merit-based scholarships. While entering a scholarship lottery is a game of chance, it can be a great opportunity for students searching for money to fund their college career.
What are my chances of winning?
Like any sweepstakes, the chances of winning a scholarship lottery are relatively slim. The odds can be as low as 1 in 10,000 for the most highly publicized competitions. While merit-based scholarships are wholly contingent on your performance as a student, and on your test scores and essays, a lottery is purely chance driven. So definitely apply for any and all proper scholarships for which you may be eligible. Work hard on your applications, and do your best to demonstrate your academic prowess. But when the time comes to look for money to pay for college, every avenue should be explored. Your chances of winning a scholarship lottery are as good as any other students, so go ahead and enter. After all, as with any lottery, you have to be in it to win it.
Does it cost money to enter scholarship lotteries?
Entering a scholarship lottery should never cost you a penny. If you are considering a lottery, and they ask for any applications fees stop and and walk away. There are many scams out there to take advantage of students looking for financial aid, and you may well end up losing your entry fee and gaining nothing. Only enter scholarship lotteries if they are free, and after you have investigated the lottery fully.
So, why do companies give away money?
Scholarship lotteries are sponsored by education lenders looking to promote their businesses, and to bring in traffic to their companies and websites. They are a promotional tool to increase their visibility in the marketplace. When you enter a scholarship lottery, you will have to provide some basic information about yourself, such as your street address and e-mail address. Don’t be surprised if, after you’ve entered a scholarship lottery, you begin to see in increase in junk mail and spam. The companies sponsoring these lotteries make money by selling this information to other marketing firms
I want to apply, but I don’t want to deal with the junk
If you want to enter a scholarship lottery, but would prefer to avoid an avalanche of junk e-mails, set up a secondary e-mail account with a free service like Yahoo or Hotmail. Use this address on your entry forms, so if the spam starts to roll in your real e-mails won’t be lost in the shuffle. Don’t forget to periodically check this secondary mail service however, because any notifications will be sent to you at that address.
Many scholarship lottery forms will have an ‘opt out’ option when you apply. If there is, be sure to tic the box marked ‘opt out’ to avoid having your in-box flooded with useless ads and offers.
Apply to Lottery Scholarships
Check out some lottery scholarships which you can enter to win today:
- Cappex Easy Money Scholarship. Fill in the form to win $1,000. One student receives the award.
- CollegeXpress $10,000 Scholarship. Register for a chance to win a $10,000 scholarship.
- VIP Voice Scholarship. Take two surveys to enter to win $5,000.
- CollegeSTEPS Program. Wells Fargo gives three high school students and three college students $5,000 during two different sweepstakes.
- Supercollege $1,000 Scholarship. Fill in application to enter to win $1,000
- Next Step Magazine. This is a sweepstakes to students entering their freshman year of college. The award is up to $20,000 and considers tuition cost and financial need.
- Scholarship Detective sweepstakes. This free scholarship search engine will award two students $1,000 scholarships in a lottery. To enter, fill out the application and answer how you plan to use the scholarship money.
- Peterson’s Scholarship. Enter this lottery scholarship and you can win $1,000.
- Because College is Expensive Scholarship. This scholarship awards $500 to students planning to start college within 24 months.
- Scholarship Points. Enter to win a prize of $1,000 or $10,000. Fill in form for a chance to win.
- Niche $2,000 No Essay Scholarship. There is one monthly winner. Create an account to apply.
- Scholarship Zone $10,000 Scholarship. when you create a profile they enter you to win a scholarship of $10,000.
- CollegeAve. Every month, one student can get $1,000 in a sweepstakes.
- Sallie Mae $1,000 Sweepstakes. Sign up to win $1,000. Each month one student receives an award.
- $10,000 Discover Student Loans Scholarship Award. During the year, 11 students receive the prize.