Scholarships

$500 Scholarships: 3 Reasons They Sparkle

Diamonds in the rough, uncover the real value of $500 scholarships.

Shawna Newman

January 06, 2021

There are three, clear reasons why you should apply for several of these $500 scholarships.
$500 Scholarships: 3 Reasons They Sparkle
Like most students, when you see a large or full-tuition scholarship your eyes light up with excitement at all of the college saving possibilities. Earning a huge scholarship IS the ticket you need to make paying for school a breeze and to help you save money. Yet, there’s a hidden scholarship secret that many students don’t know about. We’re here to help high school, college and graduate students see why these hidden gem scholarships really shine. Diamonds in the rough, $500 scholarships don’t get the attention they should. Fewer U.S. students apply for lower value scholarships because of the it’s ONLY $500 mindset. They may not have the same WOW FACTOR as some of the larger national scholarships, like the $20,000 Foot Locker Foundation Scholarship, $10,000 Create-a-Greeting Card Scholarship Contest, or the $100,000 Paradigm Challenge Scholarship (just to name a few). But, add a couple of free $500 scholarships and grants and they’ll put a serious dent in the final cost of college.

$500 Scholarship Benefits

As the dollar value has them overlooked by the student majority, you can use this lack of luster to your advantage. Here are three reasons you should apply for $500 scholarships:
  1. Your odds of winning a $500 scholarship are higher.
  2. The applicant pool for $500 scholarships is much smaller than those from Big Brand or national scholarships.
  3. Applying for a $500 scholarship is fast.
  4. You can apply to many of these scholarships in less than an hour. Look at it this way, if a $500 scholarship is won, where else can you earn $500 per hour as a student?! Not many places!
  5. You have more variety of application types.
  6. $500 scholarships are offered as no-essay, contest entry, photography or video submissions, social media challenges or networking, short essay and more.
Do yourself a favor; apply for a few these $500 scholarships below:
  1. Hamilton Award

  2. Deadline: 1/27/2021
  3. January 2021 Fastweb Invite a Friend Sweepstakes

  4. Deadline: 1/31/2021
  5. Live Deliberately Essay Contest

  6. Deadline: 2/16/2021
  7. Eco-Hero Award

  8. Deadline: 2/28/2021
  9. Kenneth E. Butts Memorial Scholarship

  10. Deadline: 3/1/2021
  11. Because College is Expensive Scholarship

  12. Deadline: 3/31/2021
  13. Manuel Lujan Excellence in Education Scholarship

  14. Deadline: 4/1/2021
  15. Chas Hall Memorial Scholarship Fund

  16. Deadline: 4/1/2021
  17. Autism Scholarship

  18. Deadline: 4/26/2021
  19. MBA Insight Scholarship

  20. Deadline: 9/30/2021
  21. LSAT Prep Courses Scholarship

  22. Deadline: 9/30/2021
  23. MCAT Prep Hub Scholarship

  24. Deadline: 9/30/2021
  25. AES Engineers Scholarship

  26. Deadline: 10/8/2021
  27. Alert Scholarship

  28. Deadline: Varies
  29. Children and Youth Scholarship - American Legion, Maine

  30. Deadline: Varies
  31. Cal Poly Women's Club Scholarship

  32. Deadline: Varies
  33. Texas Dental Specialists Health Professions Scholarship

  34. Deadline: Varies
  35. Outstanding Associate Member Award

  36. Deadline: Varies
  37. Educational Gratuity Program

  38. Deadline: Varies
There are many more $500 scholarships out there too! Be sure to create your free Fastweb profile to find more opportunities to help you pay for college.

Join the Discussion

Join Fastweb.
Match Instantly.

Become a member and gain exclusive access to our database of over 1.5 million scholarships.

I am a:
Parents: Complete the questions using your child's information
Please select a grade level
Please enter a valid zip code.

By clicking, I agree to the Terms & Conditions and Privacy Policy.