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Lendza’s “Better Than a Loan” 2020 Scholarship

Nobody said college was cheap, but a scholarship can certainly make it more affordable. If you want a little help with your college expenses, be sure to take advantage of Lendza’s scholarship opportunity. Lendza will award a $500 scholarship to the student who writes our favorite essay on the topic outlined below. There's no purchase necessary. Follow this link to read the Lendza Scholarship Official Rules.

“Better Than a Loan” 2020 Scholarship Topic:

Essay Prompt:

You have created an emerging tech company that is growing steadily and has the potential for shifting the market greatly. However, funding has been difficult as the field is flooded with similar companies – but you believe that your idea is different.

About three years into your company, an outside angel investor approaches you with a large sum of money that will allow you to scale up very quickly. But a consequence of this investment is that you will have to relinquish much of your vision and control of the company that you worked incredibly hard to start.

Do you accept the investment in your company and take a back seat to the demands of this investor? Or do you continue to fundraise slowly, continuing your vision for your company? What risks are greater for you: loss of control or the possibility that your company cannot grow in a way that will make an impact in the market long term?

We ask that you answer the prompt above in two ways. First, log in to your Twitter account (if you have one) and Tweet @LendzaLoans with a condensed version of your idea along with the #BetterThanALoan hashtag. Then, submit a 500-word version using the uploader below. Whether you can Tweet your idea or not, you must include a 280-character version of your idea at the top of your essay.

Submit Essay
Meet Our Previous Winners

Paulina Hervas impressed us with a business plan for an app that helps you book a place for a nap.

John Ramey showed us what a mom-and-pop shop could do to compete with big business.

Kyler Tipton won with a well-crafted essay on the importance of efficiency in the workplace.

Claudia Applewhite impressed us with her well-constructed ideas about the importance of creating effective training programs in the workplace.

Before you start working on this essay, you should take a minute and make sure you meet our application requirements. Here’s a brief rundown:

Be at least 18 years old.
Be a U.S. resident.
Be enrolled in an institution of higher learning.

For our full eligibility requirements, please read our Lendza Scholarship Official Rules.

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