Rent to Own Labs Scholarship
The Rent to Own Labs Scholarship is granted to one real estate student each year. The $2,500 scholarship should help the student pay for textbooks, tuition and development courses related to real estate. Students are expected to mail a printed application to Rent to Own Labs at 12301 Lake Underhill Rd, Suite 111, Orlando FL 32828.
Who? Real Estate Students
What? $2,500 scholarship
When? Due October 15
Why? We’re excited to see what you can create in your real estate lab
More Questions? Email us at [email protected]
General Eligibility Requirements:
To be eligible for the RTOL Scholarship, a student must:
- Provide verification of enrollment at a United States university.
- Be rising freshman, sophomore, junior or senior.
- Be registered as a full-time student the year after receiving the scholarship.
- Have a 3.5 GPA or higher.
- Submit a completed application and all required documents by the application deadline.
- Declare a major related to real estate.
- Have an interest in pursuing real estate after graduation.
Frequently Asked Questions
Complete and print this application. Please submit a completed packet by mail to Rent to Own Labs at 12301 Lake Underhill Rd., Suite 111, Orlando FL 32828. The packet should include all of the information below and the general application form.
These should clearly indicate your name and grades for all classes you’ve taken since you began attending college.
Two or More Letters of Recommendation
These letters should indicate what you’ve done to pursue your interest in real estate or business. A higher value will be given to letters that reflect interest in real estate. A good recommendation letter will come from one of the following sources:
- Real estate or business professor
- Instructor from a real estate or business workshop
- Boss or supervisor at a real estate or business related company
- Boss or supervisor at a real estate related volunteer activity (i.e. Home Matters or Habitat for Humanity)
- Club president from a real estate or business related club
Honors, Awards and Extracurricular Activities
List any honors, awards, and extracurricular activities you’ve been a part of that will contribute to your career in real estate. Explain why they will enhance your career.
A Cover Letter
Why do you deserve this scholarship? How did you find out about it? How will it help you move closer to reaching your goals?
Your resume should indicate your interest in real estate and business. If you had a job that would not normally be considered real estate, explain what you learned about real estate while working there.
Short Response Questions: (250 words or less)
1. What real estate related classes have you taken as part of your degree? What real estate related classes will you take as part of your degree? How will these classes contribute to your career?
2. Why are you interested in pursuing real estate?
Long Response Questions: (500 words or less)
1. What are the requirements to becoming a realtor in your state? How do they differ from another state you would consider living in?
2. What is rent-to-own and why would a client be interested in it?
Allen Osgood, a student at Washington University, was the first winner of the RTOL Scholarship. Osgood is an extremely smart, well-rounded entrepreneur who is using his talents to make a difference in his community. Osgood founded a non-profit organization called STEMs For Youth that helps youth flourish in the fields of Science, Technology, Engineering and Math by showing them that learning can be fun through camps and educational events. He has overcome numerous obstacles and impacted over 3000 students through his efforts.
Victoria Nguyen, a student at the University of California – Los Angeles, is the second winner of the Rent to Own Labs Scholarship. After a close family friend almost lost his home, Nguyen became an advocate for affordable housing. She volunteers with Habitat for Humanity when she can because she believes that everyone should be able to own a home. Nguyen likes the concept of rent to own because she believes it makes it easier for people with lower incomes to own homes.