Realtor.com just announced its new college scholarship program for students 18 years old and up who are planning to attend a US college university or graduate school during this upcoming year.
Nate Johnson, the chief marketing office for Realtor.com, said that the purpose of this scholarship program is to help young millennial and Generation-Z students “…build a solid foundation for homeownership by investing in their education.”
According to the latest data, the average cost of undergraduate tuition has grown 160%. The median income of a college graduate now stands at $50,000/year while the median income of a high school graduate stands at $30,500/year.
With home prices rising approximately +6% y/y, Realtor.com is committed to giving students the best chance of making an income that enables them to achieve their future home buying goals.
The name of this new scholarship offered by Realtor.com is “Local Pride.” Students are asked to write a 300 – 500 word essay describing what they “love about their hometown and/or neighborhood.” Scholarships will be given for first second and third place winners at the respective levels of $2,500, $1,000, and $500.
Applications are being accepted now through June 30, 2018. Recipients will be notified July 2018. More information can be found at Realtor.com “local Pride.”
Realtor.com is providing additional support to students with its upcoming launch of an 8-week internship program with the website’s engineering, marketing and product teams.
Also, Realtor.com is partnering with BuzzFeed on a three part online series that follows Try Guys star Ned Fulmer and his wife Ariel and dog Bean on their home buying experience. This series is available now through April 15. Each one of the three episodes shares housing facts and tips targeted specifically to millennial and Generation –Z present and future homebuyers.
NRT, a subsidiary of Realogy, is also offering scholarships to high school students. This scholarship, called “Share Your Moving Story,” is directly specifically to high school juniors who are slated to graduate in 2019. Students are being asked to write 1,000 word essay about how moving to a new place has impacted their lives.
NRT intends to offer 10 students scholarships, all in the amount of $2,000. Last year, 300 applicants applied…this year, NRT anticipates 500 applicants.
Monty Smith, president of community generosity business for NRT, said, “We encourage all who are applying to college this year or next to share their moving stories and we look forward to celebrating the winners.”
The application deadline for the NRT Realogy scholarships is April 16, 2018. Go to Realogy’s website for further information.