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frequently asked questions

Scholarship FAQs

frequently asked questions

For our $1k month scholarships, any legal U.S. resident, 18 years or older, who is currently enrolled, was previously enrolled, or plans to enroll in an accredited college, university or trade school. This includes high school seniors, undergraduate and graduate students, as well as those no longer in college.

For our $2500 Student Loan Debt & Student Loan Forgiveness scholarship, applicants must by 18 years or older, currently enrolled or previously enrolled in college (any level) and must have student loan debt. High school seniors and those with no student loan debt are not eligible to apply.

Yes, if you meet the eligibility requirements. There is no minimum credit requirement.

Yes. If you attended college and have student loan debt, you are eligible to apply. You must be a legal U.S. resident, 18 years or older, and previously attended an accredited institution of higher learning.

Yes! If you are no longer enrolled in college, the funds may be used to pay off student loan debt.

Maybe. If the scholarship is used for tuition and other education-related fees approved by the IRS, it is tax free. If, however, you use the funds to pay off student loan debt, housing or other fees not eligible per the IRS, the money you receive is taxable. Taxes on prizes are the sole responsibility of the scholarship recipient.

No, not at this time.

Only applications and essays submitted online will be eligible to win.

It’s neither. We do not consider grades, honors, awards or income when determining a winner.

It varies based on the number of applicants. New scholarship programs, such as ours, have fewer applicants than established programs or those that don’t require an essay. Fewer applicants = better chance to win!

A panel of qualified scholarship judges will read the essays (essays do not include any identifiable information, just an ID#) and grade them based on the following four categories: writing ability, creativity, originality and overall excellence. The essay with the highest overall score will win.

We will notify the winner by phone and email. Once the winner has verified eligibility and accepted the award, we will place his/her name and essay on our winner’s page.

Yes. Winners must use the funds within two (2) years of winning the award.

No. This is a one-time award.

Winners may not apply to the same scholarship that they won. They may, however, apply to our other scholarship programs. No student may win more than two (2) scholarships.

Please call Tamara Krause, our scholarship coordinator, at 904-404-3531 or email her at

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California Privacy Policy

MoneySolver (the “Company”) collects various types of personal information about you, both online and offline, during the course of our relationship. Under California law, if you are a resident of California, you may make a written request to the Company about how we have shared your personal information during the prior calendar year with third parties, and our affiliates, for their direct marketing purposes. In response to your written request, the Company is allowed to, instead, provide you with a cost-free means to opt-out of such sharing, or a “Customer Choice Notice”. For purposes of this California Privacy Notice, third parties may include companies within our “family” of companies, such as those companies affiliated with or owned directly or indirectly by MoneySolver.

The Company has chosen to provide you with a cost-free means to opt-out of such sharing. If you would like to exercise your rights under California law, please send your written request to the postal address below. Please allow 30 days for processing of your request.

Attn: Marketing – CA Policy
9000 Southside Blvd., Suite 11000
Jacksonville, FL 32256

Or email

If you would like to know what information is gathered about you online when you visit the Site, and how it is used, you may review the Company Privacy Policy by clicking here.


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