Official 2017 ValuePenguin Scholarship Rules and Eligibility Criteria

The 2017 ValuePenguin Undergraduate Scholarship (“Scholarship”) is sponsored by ValuePenguin, Inc. (“ValuePenguin”, “Sponsor”).

Eligibility Requirements

The 2017 ValuePenguin Undergraduate Scholarship is open only to applicants who are currently enrolled as an undergraduate student in an accredited institution of higher learning (as listed on the U.S. Department of Education website) within the United States, including the District of Columbia, and who have completed an application for the Scholarship in accordance with the Official Rules outlined in this document. Current employees, agents, officers and directors of the Sponsor or other agencies involved in the development or administration of this Scholarship and members of their immediate families (i.e., spouses, parents, siblings, children) and anyone residing at the same address are not eligible to enter or win. Minors under the age of 18 must receive consent from a parent or legal guardian to apply for the Scholarship. Void where prohibited.

How to Enter

No purchase or payment is necessary to participate in the Scholarship. ValuePenguin reserves the right to change or discontinue Scholarship at any time. To be considered for the Scholarship, please submit a response to the following two questions:

  • What’s a non-essential item or activity you splurge on regularly in college? How much do you think you’ve spent on it since starting college and do you think it’s worthwhile?
  • If you had to teach a personal finance class to college students, what are the top three topics you would cover and why?

Each response must be between 500 and 750 words (for a total word count between 1,000 and 1,500 words) and must be Applicant’s own original work. Applications that do not answer both essay questions will be disqualified. Applications that are shorter or longer than the word limits above will be disqualified. Applications that contain any form of plagiarism will be disqualified. Only one application per Applicant is allowed; Applicants submitting more than one application will be disqualified. Sponsor reserves the right to disqualify any application that it believes, in good faith, to be created by automatic means or to contain any form of plagiarism.

Applications must be submitted via a form along with the following information:

  • First and last name
  • Name of school currently attending
  • Expected graduation date
  • Undergraduate major and career goal
  • E-mail address
  • Whether or not you’re a first-generation college student

Responses to the essay questions and the additional information outlined above must be submitted via the form. Emailed applications will not be accepted. Applications must be submitted by December 15, 2017 at 11:59:59 PM EST in order to be considered eligible. Applications received after the deadline will be disqualified.   Sponsor assumes no responsibility for lost, late or incomprehensible applications. By submitting an application, you fully agree to the Official Rules outlined in this document and to the decisions of the Sponsor, which are final and binding.

Selection of a Winner(s)

One or more judges from ValuePenguin will select a potential winner(s) based on responses to the two essay questions outlined above. Judge(s) will base their decisions on the creativity, credibility, novelty and thoughtfulness of the essay responses. The potential winner will be notified via email and will be required to complete and sign further documentation as described in this document. The Sponsor assumes no liability or responsibility for any winner notification that is lost, misdirected or not received by the Scholarship Winner(s) for any reason. At the sole discretion of the Sponsor, the Sponsor reserves the right to choose a Scholarship Winner(s) if it does not receive a sufficient number of eligible applications. Portions or all of the winning application(s) may be posted on the Sponsor’s websites or used in any marketing/promotional materials, without compensation or notification to the Scholarship Winner(s).


Scholarship Winner(s) will receive a Scholarship Award in the amount of two thousand U.S. dollars ($2,000.00 USD). Scholarship Winner(s) will not be paid directly. The Scholarship Award will be paid in one lump sum directly to the accredited institution of higher learning attended by the Scholarship Winner(s) for tuition for the semester following his or her win. Sponsor has sole discretion on timing and manner of any scholarship payments. Each Scholarship Winner will only receive one Scholarship Award. Scholarship Award may not be assigned, transferred or changed, and no cash equivalent will be awarded. The issuing of any Scholarship Award is contingent upon full compliance with the Official Rules outlined in this document. Scholarship Winner(s) must provide a letter of enrollment from his or her accredited institution of higher learning. Applicants agree to the Official Rules and agree that if any Scholarship Winner fails to provide proof of identity, refuses to complete any requested documents (i.e., letter of enrollment, tax forms, etc.), is found to have violated the Official Rules or otherwise not eligible for the award, Scholarship Award will be forfeited and another Applicant(s) will be chosen as the Scholarship Winner(s). If unable to contact a Scholarship Winner(s) within 7 business days, Sponsor reserves the right to award Scholarship to any other eligible Applicant.


All applications and writings submitted will be property of the Sponsor and will not be returned. All applications and writings can be posted and used on the Sponsor’s websites and any marketing/promotional materials at the Sponsor’s discretion, without notice or compensation to Applicant. By submitting an application for scholarship, you fully agree to these conditions. Except where prohibited, by accepting a Scholarship Award, the Scholarship Winner(s) agree that Sponsor may, without limitation, compensation or notice, use his or her name, location (city and state), photograph, voice, likeness and any other information provided in the Application in any and all media, globally, used on the website or for the purpose of advertising and promoting the Sponsor, the Scholarship or any other contest or program sponsored by ValuePenguin.

General Conditions and Releases

By applying for the Scholarship or accepting a Scholarship Award, you agree to conform to all federal, state and local laws and regulations. When applicable, the Scholarship Winner(s) may be required to execute and return to Sponsor, within 10 business days, an Affidavit of Eligibility and a Liability and Publicity Release drafted by Sponsor to be eligible for the Scholarship or an alternate winner will be selected. Scholarship Winner(s) may be required in Sponsor’s sole discretion to complete relevant tax forms as a condition to the delivery of the Scholarship.

ValuePenguin reserves the right, in its sole discretion to cancel, terminate, modify or suspend the Scholarship should a virus, bugs, non-authorized human intervention, fraud or other causes beyond its control corrupt or affect the administration, security, fairness or proper conduct of the Scholarship. In such case, ValuePenguin may select the recipients from all eligible entries received prior to and/or after (if appropriate) the action taken by ValuePenguin. ValuePenguin reserves the right at its sole discretion to disqualify any individual who tampers or attempts to tamper with the entry process or the operation of the Scholarship or website or violates these Official Rules. ValuePenguin has the right, in its sole discretion, to maintain the integrity of the Scholarship, to void applications for any reason, including, but not limited to: multiple entries from the same user from different IP addresses, multiple entries from the same computer in excess of that allowed by Scholarship rules or the use of bots, macros or scripts or other technical means for entering. Any attempt by an Applicant to deliberately damage any website or undermine the legitimate operation of the Scholarship may be a violation of criminal and civil laws and should such an attempt be made, ValuePenguin reserves the right to seek damages from any such person to the fullest extent permitted by law.

By entering you agree to release and hold harmless ValuePenguin and its subsidiaries, affiliates, advertising and promotion agencies, partners, representatives, agents, successors, assigns, employees, officers and directors from any liability, illness, injury, death, loss, litigation, claim or damage that may occur, directly or indirectly, whether caused by negligence or not, from (i) such entrant's participation in the Scholarship and/or his/her acceptance, possession, use, or misuse of any prize or any portion thereof, (ii) technical failures of any kind, including but not limited to the malfunctioning of any computer, cable, network, hardware or software; (iii) the unavailability or inaccessibility of any transmissions or telephone or Internet service; (iv) unauthorized human intervention in any part of the entry process or the Scholarship; (v) electronic or human error which may occur in the administration of the Scholarship or the processing of entries. This Scholarship shall be governed by New York law, without regard to conflicts of laws provisions. By participating in this Scholarship, you agree that any dispute or litigation arising from or relating to this Scholarship shall be determined by binding arbitration only in New York County, NY, by and under the Streamlined Arbitration Rules and Procedures of JAMS, and judgment on the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof. Notwithstanding the foregoing, Sponsor may seek equitable relief in any court of competent jurisdiction. If any provision of these rules is held to be illegal or unenforceable, such provision shall be limited or eliminated to the minimum extent necessary so that these rules otherwise remain in full force and effect and enforceable.

Privacy Policy

Information submitted with an application is subject to the Privacy Policy stated on ValuePenguin’s website. To read the Privacy Policy, click here.

Terms of Service

Information submitted with an application is subject to the Terms of Service stated on ValuePenguin’s website. To read the Terms of Service, click here.

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