What if a student doesn’t end up enrolling in a qualifying institution?

After a student completes paperwork to officially claim their scholarship (which must happen within 60 calendar days of being notified that they were selected for a scholarship per the Official Rules), they'll receive additional instructions in the spring of senior year. Winners of $500 awards will have until October 1, 2024 to access their scholarships. Winners of $40,000 awards must spend their funds on undergraduate studies by October 1, 2029 after which unused funds will be forfeited. If a student will be taking a gap year, they'll be able to wait one year before using their scholarship at the institution where they enroll.