As a real estate major, you could learn how to develop, appraise, manage, buy and sell land and buildings. This dynamic business niche area typically involves course work in finance, market analysis and law. Once you graduate, real estate professionals with a college degree and license may find lucrative jobs in fast growth related fields. If this is your goal, a real estate school scholarship could provide funds that you don’t have to repay back.
Each sponsor have certain criteria you need to meet in order to qualify for the real estate scholarship. The main criteria are unmet financial need, minimum GPA, and academic excellence. You may have a greater chance of receiving a scholarship if you show a deep interest in pursuing a career in the real estate industry or related fields such as:
Construction management
Real estate law
Mortgage banking or loan financing
Land use planning
Brokerage
Property appraisal
Providers might also look at your leadership qualities and your interests. The CREW Network Foundation offers 10 scholarships for female U.S. and Canadian college juniors and seniors who plan to pursue a career in commercial real estate and have a 3.0 GPA or higher.
When you’re searching for scholarships for real estate, start with the colleges on your list that have business and real estate degree programs. Also check out real estate associations and nonprofits, local and state agencies.
10 Scholarships for Real Estate You Should Apply for in 2021
Check out these 10 college scholarships for real estate majors. If you qualify, fill out a scholarship application for the upcoming academic year.
Real Estate Circle Fellowships
Alexander Bodini Memorial Real Estate Fellowships
Illinois Real Estate Educational Foundation (ILREEF) Scholarship
Appraisal Institute Education and Relief Foundation (AIERF) Undergraduate Scholarship
David T. Houston Jr. Memorial Scholarship
AYPO Real Estate: What the Tech?!
Kay Grant Group Scholarship
Morgan L. Fitch Scholarship
Solano Association of Realtors Scholarship
Illinois Minority Real Estate Scholarship Program (IMRESP)
Could Scholarships Help Pay for a Real Estate License?
It is possible to find scholarships for real estate license approved courses. These courses may be available at an accredited institute or career school in your state. Some courses are also available online. Another option is to check local agencies who may provide real estate scholarships. In this case, you may work for them once you have your license.
For example, VanEd is a provider of online RE courses for pre-licensing, professional development and exam prep. The pre-licensing classes are what you take when looking for an agent or broker license. To help with these costs, they offer a $1,000 scholarship to use for tuition.
Are There Scholarships for Real Estate School?
Yes, there are scholarships for eligible students studying at a real estate school, two year, and four year colleges. For example, the Pension Real Estate Association (PREA) awards annual real estate scholarships to promising students at the undergraduate and graduate levels. If you missed this year’s deadline, make sure to bookmark when the next cycle starts.
The ICSC Foundation also offers numerous of scholarships for real estate students in the U.S. and Canada. Criteria includes financial need, diversity and merit. Scholarship recipients may use the aid at partner schools.
If you’re an undergraduate student, you should also check with various agencies like AIERF. The Appraisal Institute Education and Relief Foundation (AIERF) also offers other scholarship funds. But this one is for studies in RE appraisal, land economics, and similar areas. Eligibility is based on academic excellence.
Graduate students may find scholarship opportunities too. Columbia Business School in New York offers an MBA Real Estate Program and merit fellowships for full time graduate level programs.
Why Should You Pursue A Career in Real Estate?
Studying the real estate field may yield flexible business and people skills. Not to mention the chance to one day be your own boss and earn a five or six figure salary and commission.
According to the Bureau of Labor Statistics, the average salary range for brokers was less than $23,600 to more than $178,720 in May 2019. For RE sales agents, the lowest 10% earned less than $24,930 and the highest 10% earned more than $111,800.
Job growth in these professions is steady between 2% to 3% through 2029. However, there may be other paths to pursue. Loan officers typically need a bachelor’s degree and earn a median annual wage of $63,270. There should be about 24,200 more job openings in this field each year over the decade.
List of Real Estate Scholarships
There are real estate awards worth $20,000 below. Apply now to our list of scholarships for real estate.
Awards by the C.A.R. Scholarship Foundation are up to $4,000 for students enrolled in four-year University and $2,000 for students enrolled in two-year Colleges.
The ICSC Foundation / PGIM Real Estate Scholarship awards $5,000 towards tuition, fees, books and supplies as well as a paid summer 2021 internship if eligible.
Columbia School of Business in NYC offers three Alexander Bodini Memorial Real Estate Fellowships of $50,000 each for qualified applicants to the MBA Real Estate program.
Awarded on the basis of academic excellence, the AEIRF Graduate scholarship helps finance the educational endeavors of undergraduate students majoring in real estate appraisal, land economics, real estate or allied fields.
Awarded on the basis of academic excellence, the AEIRF Minorities and Women Education Scholarship offsets the cost of degrees in real estate appraisal or related fields.
Sprak Design awards a number of $5,000 scholarships to full time students of landscaping, engineering, real estate, appraisal, legal, accounting, development, insurance or equivalent field.
he Marki Lemons Ryhal Education Advancement Scholarship will support candidates that are seeking to obtain their real estate license OR attend a Historically Black College and University (HBCU). This fund is applicable only to African American women whose primary residence is in underserved communities within the Chicagoland area.
This scholarship is in special honor of Marki’s late mother, Hazel S. Lemons.
