If you’re an art or design student, check out the new Design*Sponge Scholarship for the chance to win $2000, $1000 or $500 in scholarship money. The scholarship will be accepting applications until March 15, 2007. Applicants will be narrowed into a small group of ten finalists who will be interviewed via podcast and/or video and narrowed to a final three via voting on Design*Sponge during the month of April. The final winners will be announced and rewarded on May 1, 2007. All of the details can be found here.