MAGIC undergraduate scholarship applications for 2022-2023 are due July 18th! If you're in college and could use $1000 to support your education, please check it out and consider applying - international students are welcome to apply!

It says right in the link that

This year, three (3) recipients will each receive $1,000 ($500 per semester) paid directly to the educational institution.

So the cash will go to the school, but conversely the balance of your bill will be $500 less per semester, and you can do whatever you like with the difference.

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