Details concerning the Foreclosure.com Scholarship Program. Foreclosure.com gives away $10,000 annually to college students who can best answer the given essay question. Learn about eligibility details, deadlines, award amounts and more!
Great news from foreclosure.com! And it has nothing to do with the house you’re living in and everything to do with financial aid! They’re opening their annual Foreclosure.com Scholarship Program to current college students (graduate students, law students and/or high school seniors aren’t eligible) who can best answer the essay question “What creative solutions, programs, and/or initiatives to stimulate the United States housing market, as well as to turn the foreclosure tide, must a presidential candidate outline/promise to earn your vote?” It is an election year and no doubt you’ve seen the presidential race heat up as November 2 comes around. So if you have an opinion about the housing market, this scholarship should be right up your alley! The deadline for this program is December 1.
The scholarship application can be completed entirely online. When writing your response to the essay question, be sure that you use correct grammar, the spelling is top-notch and that your essay is between 800 and 2,000 words. If desired, you can even create your very own stimulus plan that builds upon one of the candidate’s platforms, a widely held position or is uniquely yours. In January of next year, the judges will choose five college students as potential winners. Their essays will be judged on the basis of originality (25 percent), creativity (25 percent), writing ability (25 percent) and overall excellence (25 percent). The top performing essay will receive the grand prize of $5,000 with four runner-ups earning $1,000. Be sure to send any queries regarding the essay topic to [email protected].
If looking for a cheap house, foreclosure.com offers updated listings of distressed properties from across the nation of which you can choose from. Of course, if you’re a college student looking for a scholarship, then this information has no value to you as of yet, but eventually you’re going to want to buy a house, right? With this most recent housing slump, foreclosesure.com has certainly been able to update their listings exponentially which has no doubt improved business. They offer a free trial to prospective home buyers searching for cheap, abandoned properties after which a monthly fee of $39.80 is required. As foreclosures escalated throughout the recession the supply of affordable housing inevitably increased which, as you can imagine, has attracted more subscribers to the site. They felt 2009 was a great time to start giving away money to college students as foreclosures peaked. And in fact, the next year would see a 2 percent increase in foreclosure filings for 2.9 million properties across the nation according to RealtryTrac (Ka-ching!). Being one of those companies that do well in bad economies (particularly those affecting the housing market), they are pretty generous in giving away $10,000 in scholarships each year. If a college student, be sure to jot this program down on your list of doable scholarships so you can be a beneficiary from this abominable Great Recession too!