art scholarship for jewlery?

[-di.livejournal.com]

I make jewelry, mostly beaded. The art teacher at my school is offering to submit 28 pieces of art, plus additional individual artist portfolios, for a nation-wide scholarship option. Now, my question is, if I submitted jewelry as art (the teacher *thinks* it is allowed) would I actually hold up against oil pastels, paintings, and other traditional mediums? The scholarship offers $5,000 for the big winner which I would LOVE to get. Should I even bother to apply? Have any of you won money this way?