Real Estate Scholarships Ensure Quality Real Estate Professionals!

Real Estate Endowment Scholarships and California Association of REALTORS. ģ Scholarships


CALIFORNIA COMMUNITY COLLEGE REAL ESTATE SCHOLARSHIPS

The California Community College Real Estate Endowment provided 33 scholarships totaling $20,400 to deserving community college real estate students in the academic year 2012-2013. Cerritos College scholars received the most number of scholarships once again this year with eleven recipients. City College of San Francisco had five scholarship recipients and Los Angeles City College received four scholarships. The remaining thirteen real estate scholarships were distributed amongst nine community colleges.

The amount of funding available from the Endowment for scholarships exceeded the number of qualified applicants. $9,600 in scholarship funds went unclaimed and will be added to the principle. Yes, more students could have benefited! The next deadline for applications is March 31, 2014 EXTENDED with the paperwork to be submitted to the Chancellors office by April 18th, 2014. Plan to now to apply! Scholarships are available for Fall 2013, Spring 2014, and Summer 2014 semesters.

Additionally, the Real Estate Endowment Fund Scholarship Program deadline has been extended from March 15, 2014 to March 31, 2014. The date by which College Financial Aid Offices must have paperwork submitted to the Chancellorís Office is April 18, 2014.



Next C.A.R ģ Scholarship Application Deadline: TBD, 2014

Note Referenced documents are available on the Chancellorís Website: http://extranet.cccco.edu/Divisions/StudentServices/FinancialAid/RealEstateScholarship.aspx

The Chancellorís Office is pleased to announce the availability of 2013-2014 Real Estate Endowment Fund Scholarships for community college students. These awards are available for academically able students who need financial assistance to help meet costs related to enrollment in community college real estate education programs. Eligible students are those majoring in Real Estate, or if a Real Estate major is not offered by the college, those majoring in Business Administration with a concentration in Real Estate.

Maximum scholarship awards are $400 each semester (or the quarter equivalent), not to exceed $800 for the academic year. Awards may be given to part-time and full-time students who have completed at least one college-level real estate course with a grade of C (2.0) or better prior to applying for the scholarship. The campus Financial Aid Director or Scholarship Coordinator is responsible for determining student eligibility for the scholarships and will initiate funding of the award upon the submission of the Real Estate Scholarship Application by the student.

Although the Real Estate Scholarship Program has proven to be a resounding success, the total amount available for our scholarship awards will continue to be limited to the amount of interest income generated by the Real Estate Education Endowment Fund. It is estimated that approximately $30,000 will be available to fund scholarships for the 2013-2014 year. That amount will fund approximately 35-55 scholarships statewide, depending upon the amount awarded.

Due to the limited amount available for the 2013-2014 academic year, please be advised that the Chancellorís Office will fund the Real Estate Scholarships on a first-come, first-served basis. Consequently, based upon the number of scholarship applicants recommended for awards, funding most likely will be exhausted prior to the arrival of the deadline date.

Scholarship selection criteria has remained unchanged and includes low-income/disadvantaged status, grade point average (GPA) and declared interest in real estate as a career path. Specific eligibility criteria are delineated in the Real Estate Scholarship Program Guidelines.

Documents used in the Real Estate Endowment Fund Scholarship Program are on the Chancellorís website.

The scholarship application period is set for October 4, 2013 - March 31, 2014 EXTENDED with the paperwork to be submitted to the Chancellors office by April 18th, 2014. Students submit their Real Estate Scholarship Application to their local college Financial Aid Office during that period. The Financial Aid Office must determine eligibility and forward the Real Estate Scholarship Invoice to the Chancellorís Office to be received by March 31, 2014. Additionally, each college will be limited to recommending the awarding of no more than eight (8) Real Estate Scholarship award recommendations.

The scholarship application, letter of recommendation, and academic transcript to verify grades and courses enrolled/completed must be retained in college files for each scholarship recipient. A checklist is included to help monitor the required documentation.

Once eligibility is verified, schools must submit the Real Estate Invoice to the Chancellorís Office on or before the deadline date. Upon receipt of these documents, the Chancellorís Office will submit a claim for payment to the State Controller. The State Controllerís Office will mail the check to the college within four to six weeks after it receives the claim.

Action Requested: Please publicize the availability of the Real Estate Endowment Fund Scholarships to all interested students majoring in Real Estate. You may duplicate as many copies of the Scholarship Application, Scholarship Files Checklist, Scholarship Invoice and Scholarship Poster as needed; these materials can be found at the link mentioned above.

Invoices must be received by March 31, 2014---but due to the limited funding available, please anticipate funding to be exhausted much earlier than March 31. It is advisable that students be encouraged to apply as early as possible to avoid disappointment due to exhaustion of funding.

Contact: Please contact Terence Gardner, Student Financial Assistance Programs at tgardner@cccco.edu or (916) 322-7412 if you have any questions.

Dennis McKenzie Real Estate Economics Scholarship

The Chancellorís Office is pleased to announce the continued funding of a special scholarship in memory of a much respected community college real estate instructor, Dennis McKenzie.

Dennis McKenzie was a unique and gifted lecturer, author and consultant in the real estate industry. His students held him in highest esteem, and his seminars were consistently in demand. He taught real estate at the College of the Redwoods and retired from teaching in 2008. During his teaching career he continued to lecture and teach real estate seminars throughout the state and authored many books on the subjects of real estate and economics.

The Chancellorís Office has received contributions to fund one scholarship in Dennis McKenzieís name for the 2013-14 academic year for $800. Colleges must determine eligibility and forward applications and any necessary supporting documents to the Chancellorís Office to be received by April 30, 2014.

The scholarship guidelines list the eligibility criteria. The guidelines are located on the Real Estate Scholarship web page and can be accessed via the link at the end of this memo.

The scholarship application period is set for March 14, 2014 Ė April 14, 2014 by which time students must submit their Dennis McKenzie Community College Real Estate Scholarship Application to their local community college Financial Aid Office. The Financial Aid Office must determine eligibility and forward the Real Estate Scholarship Invoice Form to the Student Financial Assistance Programs, Chancellorís Office, to be received by April 30, 2014.

Additionally, a copy of the letter of recommendation and the one page statement on the real estate topic must be submitted to the Chancellorís Office on or before the deadline date.

The scholarship selection committee of the Community College Real Estate Endowment Fund Advisory Committee will review all applications and select the recipient of the Dennis McKenzie Real Estate Scholarship.

Upon receipt of the names of the selected recipient, the Chancellorís Office will submit a claim for payment to the State Controller. The State Controllerís Office will mail the check to the college within four to six weeks after it receives the claim.

Students who applied for and were awarded a 2013-14 Community College Real Estate Endowment Fund are also eligible to apply for the Dennis McKenzie Scholarship provided they meet eligibility criteria and have remaining unmet financial need.

Action Requested: Please encourage your students to consider applying for the Dennis McKenzie Real Estate Scholarship by publicizing the availability of the Dennis McKenzie Community College Real Estate Scholarship to all interested students. You may duplicate as many copies of the Scholarship Application and Guidelines as needed.

In addition to the Dennis McKenzie scholarship, funds are still available for awards under the Real Estate Endowment Fund Scholarship program. The application and supporting documents, including the Guidelines that list eligibility criteria, are available for viewing and downloading on the Real Estate Scholarship web page. The link is below:

Endowment Real Estate Scholarship

QUESTIONS? Please contact:

Terence Gardner
Associate Analyst, Student Financial Aid/Chancellor's Office Tax Offset Program (COTOP)
California Community Colleges Chancellor's Office
Office: (916) 322-7412
Fax:     (916) 324-8486
Email:  tgardner@cccco.edu

The next deadline for the C.A.R. Scholarship Foundation has yet to be determined. There are 3 scholarship application deadlines per year. The Scholarship Foundation gives Scholarships three times a year during every C.A.R.ģ Board of Directors Meeting. The Scholarship Trustees give away about a dozen or so scholarships during each meeting depending on the number of qualified applicants and the maximum budget.

The C.A.R. Education Foundation has one deadline for the year. The C.A.R. Education Foundation gives grants away during every Fall C.A.R.ģ board of directors meeting each year.

To find out more about each foundation and download the application please visit the C.A.R.ģ web pages at:

C.A.R. Scholarship Foundation: http://www.car.org/aboutus/carscholarships/

C.A.R. Education Foundation: http://www.car.org/aboutus/educationfoundation/

Thank you to the campus Financial Aid and Scholarship Office staff for efforts to support your Real Estate students in this economically challenging time for the real estate industry.