student loan hero scholarship

Student Loan Hero $5K Scholarship


Student Loan Hero, an unbiased solution to organize, manage, and repay your student loans, is thrilled to award two (2) $5,000 main prize and four (4) $2,000 runner-up scholarships each semester to help alleviate educational costs.

Who Qualifies / Criteria

All applicants must be actively enrolled (at least part-time) in a college/university

How to Apply / Guidelines

To enter, please submit a short essay (500-700 words) answering the following:

  1. What financial challenges have you overcome growing up? How have they shaped your goals and career aspirations?


Summer/Fall 2020

  • Opens: February 24, 2020
  • Deadline: April 30, 2020
  • Winners Announced: June 26, 2020

Spring 2021

  • Opens: August 10, 2020
  • Deadline: October 9, 2020
  • Winners Announced: December 2, 2020


Final winners will be selected by our team and contacted via the email address provided.


  • No purchase necessary to enter or win.
  • Void where prohibited.
  • Participants must be 18 years of age or older, residents of the 50 United States or the District of Columbia, and enrolled at an eligible educational institution.
  • The Student Loan Hero $5K Scholarship contest entry period for ​Summer/Fall 2020 prizes begins February 24, 2020 ​and ends​ April 30, 2020​. For ​Spring 2021 prizes, ​August 10, 2020 – ​October​ 9​, 2020.
  • This contest is sponsored by Student Loan Hero, a LendingTree company.
  • The Student Loan Hero Scholarship contest is subject to the complete Official Rules available here:

Application Form

Submissions for the Summer/Fall 2020 semester are no longer being accepted. Application will reopen for the Spring 2021 semester on August 10, 2020, and essays will be accepted then.

If you have any questions regarding the Student Loan Hero scholarship program, please reach out to: [email protected]

Previous Winners