Collection prizes: Prizes will be awarded to the both the winning students and the libraries of the winning students. Libraries are encouraged, but not required, to use their prize money to support future book collecting contests at their institutions by increasing available prizes, hosting banquets or receptions for entrants to future contents, sponsoring contest alumni gatherings, or other similar activities.

Essay-bibliography contest:  In addition, a separate essay-bibliography prize of $500 will be awarded to the most outstanding essay and annotated bibliography submitted each year. The first prizewinner each year is not eligible for the essay prize, but the second and third place winners may be awarded both prizes.

Awards ceremony:  The top three prizewinners will be invited to the awards ceremony at the Library of Congress.  The sponsors will provide transportation and accommodation expenses for those contestants.

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