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There’s No Cost to Enter, and You Could Win a Cool $1,000 for College

college sweepstakes Sallie Mae scholarships
College students study while eating lunch inside of Marshall Student Center at the University of South Florida in Tampa, Florida. Tina Russell/The Penny Hoarder


Paying for college is an overwhelming and often frustrating thing to think about.

Whether you’re a student who has resigned yourself to a mountain of student loan debt, a parent who’s trying to scrape every penny together to help your kid pay for school or a guidance counselor or financial-aid professional who just needs more resources to help the students and parents you work with, Sallie Mae wants to help you make planning for college less scary.

Sallie Mae is the bank behind a lot of private student loans in the United States, but its website is full of helpful tools and resources that can help people understand their financial options and make a plan for paying for college.

To encourage people to sign up to access these tools and resources, Sallie Mae hosts a monthly $1,000 scholarship sweepstakes.

This means you can only enter once, by creating a user account on Sallie Mae’s scholarship search portal. But even if you don’t win the sweepstakes, you still sort of win (in a different way). Once you have an account, you can search for other scholarships and browse content and use tools that will help you make a financial plan for college.

(And if you’re looking for even more scholarship opportunities that can help you pay for school, be sure to like our college page on Facebook. We post awesome new scholarship opportunities there whenever we find them!)

Enter to Win a $1,000 Sweepstakes from Sallie Mae

Here’s how to enter to win $1,000 in Sallie Mae’s College Planning sweepstakes drawing.

Amount awarded: $1,000

Number of prizes awarded: One per monthly drawing

To qualify for this prize, an entrant must:

  • Be a legal resident of the United States
  • Be of the age of majority in their state of residence
  • Be a student, parent, guidance counselor or financial aid officer at the time of entry

To enter, applicants must:

  • Fill out the entry form located here.
  • Check the box at the bottom of the entry form that says “Enter me in the Sallie Mae $1,000 monthly sweepstakes.”

Deadline: Monthly

A winner will be drawn on the first day of each month from the pool of applicants who have entered since the previous drawing.

You can read the rest of the official rules and guidelines here.

If you’re looking for even more scholarships to apply for, be sure to check out our list of 100 scholarships that will help you pay for college.

Grace Schweizer is a junior writer at The Penny Hoarder.

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