When should I start applying for scholarships and more info about them?

I'm finishing up my sophomore year, and I'd like to get really into the college search this summer and my junior year. I'm signed up at fastweb.com and most of the scholarships say they're available to my grade, but do you have to know what college you're going to or the major or anything? I'm pretty sure about my major, but which college is very open. So if I got a scholarship, where would the money go right now, since I don't know what college I'm going to? Thanks!
 
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