Does anyone know about the Earnest Scholarship Fund?

I’m working on an essay for a scholarship, but I want to know if anyone knows about the fund or the company offering it. I don’t want to waste my time if it’s not a good opportunity. Thanks!

The Earnest Scholarship Fund is a program by Earnest, a student loan refinancing company, to help students pay for college. They award $5,000 scholarships to students based on a short application that asks how their education will enable their dream

While I’m writing my essay for a scholarship, I was wondering whether anyone was aware of the fund or the organization that was providing it. If it is not a good opportunity, I do not want to spend my time. Regards!