Student Debt Sweep Scholarship Sweepstakes Official Rules

NO PURCHASE NECESSARY TO ENTER OR WIN. MAKING A PURCHASE WILL NOT IMPROVE YOUR CHANCES OF WINNING.

SWEEPSTAKES ENTRY PERIOD: The StudentDebtSweep.com Scholarship Sweepstakes (the "Sweepstakes") entry period begins at 12:00:01 AM Eastern Time ("ET") on January 1, 2025 and ends at 11:59:59 PM ET on December 31, 2025 (the "Initial Sweepstakes Period").

AUTOMATIC RENEWAL: Unless terminated or modified by StudentDebtSweep.com, the Sweepstakes will automatically renew for subsequent periods running from January 1 to December 31 of each calendar year (each, a "Renewal Period"). StudentDebtSweep.com reserves the right to:

1. Terminate the Sweepstakes at the end of any Sweepstakes Period
2. Modify the terms for any Renewal Period
3. Cancel any Renewal Period

Any changes or cancellation will be announced on www.studentdebtsweep.com/#official-rules at least 30 days prior to the start of the next Renewal Period.

ELIGIBILITY: The Sweepstakes is open to legal residents of the 50 United States and the District of Columbia who are 18 years of age or older at the time of entry and meet one of the following criteria:

1. Currently enrolled in any level of higher education institution in the United States
2. Have previously attended, completed, or partially completed any level of higher education in the United States

This sweepstakes is not open to residents of Florida and Rhode Island. Employees of StudentDebtSweep.com, its parent company, subsidiaries, affiliates, advertising and promotion agencies, and the immediate family members (spouse, parents, siblings, and children) of each are not eligible to enter or win.

HOW TO ENTER: To enter the Sweepstakes, visit www.studentdebtsweep.com/entry and complete the online entry form. Limit one entry per person for the duration of the Sweepstakes Period.

ENTRY AND WINNER ACKNOWLEDGEMENTS: By entering the Sweepstakes, each participant:

1. Declares and represents that they:
   • Are a legal resident of an eligible U.S. state
   • Are 18 years of age or older
   • Meet the educational enrollment/attendance requirements
   • Are not an employee or immediate family member of employees of StudentDebtSweep.com or its affiliates
   • Have student loan debt or current educational expenses
   • Will notify StudentDebtSweep.com of any changes affecting eligibility
2. Agrees that by accepting a prize, they:
   • Grant StudentDebtSweep.com the right to verify their eligibility
   • Will provide their Social Security number and complete a W-9 form for tax reporting
   • Will provide current loan servicer information or educational institution billing details
   • Accept responsibility for all federal, state, and local taxes
   • Authorize payment of prize directly to their loan servicer or educational institution
3. Grants StudentDebtSweep.com permission to:
   • Use their name, city, and state of residence
   • Share their winning status
   • Include them in winners list publications
   • Contact them regarding prize administration

By participating in the Sweepstakes, each entrant fully and unconditionally agrees to and accepts these Official Rules and the decisions of StudentDebtSweep.com, which are final and binding.

ENTRY DURATION AND VALIDITY:

1. Entries remain valid from the time of submission until one of the following occurs:
   1. Participant moves to an ineligible state
      
   2. Participant's student loans are paid in full
      
   3. Participant is deceased
   4. Participant becomes otherwise ineligible under these rules
2. Participants must notify StudentDebtSweep.com of any changes affecting their eligibility by updating their entry at www.studentdebtsweep.com/entry
3. StudentDebtSweep.com reserves the right to verify eligibility status at any time
4. All non-winning entries automatically carry over to subsequent drawings and years unless invalidated
5. Winners must register again for the following year's sweepstakes

ENTRY INVALIDATION:
Entries automatically become invalid when:

1. Participant relocates to an ineligible state (Florida, Rhode Island, or outside the United States)
2. Participant's student loans are paid in full with no outstanding educational debt
   
3. StudentDebtSweep.com receives verification of participant's death
   
4. Participant becomes employed by StudentDebtSweep.com or its affiliates
   
5. Participant total prize winnings are over $1000 during the current calendar year

DECEASED PARTICIPANT PROTOCOL:
In the event a selected winner is deceased:

1. If the prize amount is $5,000, a secondary drawing will occur within 24 hours
   
2. For all other prize amounts, the funds will be retained for the next scheduled drawing
3. The deceased participant's entry will be removed from all future drawings

PRIZES AND DRAWING SCHEDULE:

1. Regular Monthly Drawings: Drawings will be conducted on the first day of each month during the Sweepstakes Period (January 1, 2025 - December 1, 2025 for the Initial Sweepstakes Period, and January 1 - December 1 for subsequent Renewal Periods). Each individual prize is strictly capped at $5,000.
2. Automatic Drawings: In addition to the monthly drawings, if at any time during a month the scholarship fund reaches or exceeds $5,000, an automatic drawing will be conducted to award a $5,000 prize. After each $5,000 prize is awarded, the fund will be reduced by that amount, and accumulation towards the next $5,000 prize will begin immediately.
3. Annual Winner Limitation: Each participant can win a maximum of $5,000 in any calendar year. Winners must register again for the following year's sweepstakes.

ODDS OF WINNING: The odds of winning depend on two factors:

1. The total number of eligible entries
   
2. The frequency of prizes awarded, which varies based on fund accumulation

Based on our historical data, we award prizes through both regular monthly drawings and automatic drawings when the fund reaches $5,000. Your odds of winning in any given month are calculated by dividing the total number of eligible entries by the average number of prizes awarded over the previous six months.

Note: Actual odds may vary based on:

• Number of eligible entrants
• Rate of fund accumulation
• Number of automatic drawings triggered
  
• Changes in platform activity affecting fund accumulation

WINNER REQUIREMENTS AND VERIFICATION:

1. Winners must respond to prize notification within 5 business days
2. Winners must provide:
   • Government-issued photo identification
   • Proof of current residence
   • Current loan statement or educational institution billing statement
   • Completed W-9 form
   • Loan servicer payment information
3. If a winner fails to provide required information within 5 business days or is found to be ineligible, the prize amount will be returned to the sweepstakes fund according to the rules for unclaimed prizes.

WINNER SELECTION:

1. Random drawings will be conducted using a publicly documented random selection process that:
   1. Uses cryptographically secure random number generation
   2. Maintains complete logs of all drawings
   3. Has publicly available source code for the selection methodology
      

For $5,000 prizes:

• If the selected winner is ineligible or fails to claim the prize, a new drawing will occur within 24 hours

For all other prize amounts:

• If the selected winner is ineligible or fails to claim the prize, the amount returns to the fund for the next scheduled drawing

VERIFICATION PROCESS:
Winners must provide the following for prize verification:

1. Current proof of residence in an eligible state
2. Valid government-issued photo identification
3. Current student loan statement or educational institution billing statement
4. Social Security number for tax reporting purposes
5. Additional documentation may be required to verify eligibility

PRIZE DISTRIBUTION:

1. Winners must provide current loan servicer information for direct prize payment
   
2. StudentDebtSweep.com will utilize secure payment integration systems to verify and process payments
   
3. Winners may be required to connect their loan account through the StudentDebtSweep.com platform's secure integration system for prize distribution
   
4. If direct loan servicer payment is not possible, alternative payment methods will be arranged in compliance with these rules

WINNER NOTIFICATION: Potential winners will be notified by email and/or phone within 5 business days of the drawing date.

PRIZE CONDITIONS: Prizes will be awarded in the form of a payment made directly to the winner's student loan servicer or educational institution. If the prize amount exceeds the winner's outstanding student debt, the remainder will be awarded as a scholarship for future educational expenses or, returned to the fund. Winners are responsible for any taxes associated with the prize.

TAX IMPLICATIONS:

1. All prizes will be reported to the IRS via Form 1099-MISC.
2. Winners are responsible for:
   1. Federal, state, and local taxes on the prize value
   2. Providing a valid Social Security number for tax reporting
   3. Consulting their tax advisor regarding proper reporting of prize value
3. Estimated tax liability disclosure will be provided to winners prior to prize acceptance.

ADDITIONAL TERMS FOR CONTINUOUS OPERATION:

1. Maximum Prize Value: Each individual prize is capped at $5,000.
2. Fund Replenishment: The scholarship fund will be replenished through:
   1. Allocated percentage of platform sales
   2. Direct company contributions
   3. Partner contributions (if applicable)
3. Minimum Drawing Requirements:
   1. At least 100 valid entries must be received for each drawing
4. Annual Review and Reporting:
   1. Public posting of total prizes awarded
   2. Annual audit of winner selection procedures
   3. Publication of aggregate participation statistics

PRIVACY: Information collected from entrants is subject to StudentDebtSweep.com's Privacy Policy.

LIMITATIONS OF LIABILITY: StudentDebtSweep.com is not responsible for:

1. any incorrect or inaccurate information;
2. technical failures of any kind;
3. unauthorized human intervention in any part of the entry process or the Sweepstakes;
4. technical or human error which may occur in the administration of the Sweepstakes or the processing of entries.

DISPUTES: Except where prohibited, entrant agrees that any disputes will be resolved individually, without resort to any form of class action, and exclusively by the appropriate court located in the state of Illinois. All issues concerning the construction, validity, interpretation, and enforceability of these Official Rules shall be governed by the laws of Illinois.

WINNER LIST: For a winner list, visit www.studentdebtsweep.com/winners. The winner list will be posted and maintained on this page for at least six months after each drawing.

SPONSOR: The Sweepstakes is sponsored by StudentDebtSweep.com, Brhyt Studio, LLC.

CHANGES TO RULES: StudentDebtSweep.com reserves the right to modify these rules as the platform evolves. Any changes will be posted on www.studentdebtsweep.com/#official-rules at least 7 days before they take effect.

This Sweepstakes is void where prohibited by law.