Big Idea Project provides a $250 scholarship for each student of the winning team. It is the responsibility of the school to provide the winning names and student contact information as soon as the team is selected. Upon graduation, BIP will send letters to all scholarship recipients. Graduates have 18 months after graduation to claim their scholarship by contacting BIP and providing the mailing address for the financial services department at their college or trade school. BIP will send the award directly to the appropriate office. If money is not claimed within 18 month the student forfeits their award.