Art school is expensive and financial prospects for those who receive art degrees are not always certain. For budding artists at any level of education, art scholarships can make a huge difference, as can gaining exposure for your works of art. This week’s Scholarship of the Week , the MyArtSpace Art Scholarship Competition, gives art school students at both the undergraduate and graduate level the chance to earn up to $5,000 in scholarship money . Students compile an online portfolio, complete with artist’s statement and CV, and post it to MyArtSpace for judging. Winning entries will exhibit artistic excellence in a visual arts medium, contemporary or traditional, including photography and video. Prize: Undergraduate and graduate entries will be judged separately, with the following awards for each: First prize: $5,000 Second prize: $2,000 Third prize: $1,000 Eligibility: Current or prospective undergraduate or graduate students pursuing a BFA, MFA, or other approved degree program in an accredited art school. Applicants can enter either the undergraduate or graduate category of judging, but not both













