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The Scholarship Minute $1000 Monthly Scholarship Draw is open to all US college students above the age of 18. The Draw happens on the last day of each month and the winners are notified via e-mail, phone call and on the Scholarship Minute website. You can use the money towards any education endeavor including tuition, textbooks, food, rent and student loan payments. Your GPA does not affect your chances to win the Scholarship.