Thank you to the thousands of students across the nation who participated.
Deadline: Dec. 16, 2016 at 11:59 p.m. ET
Requirements: Here are the text requirements
Awards: Five winners will be selected
You've likely heard the famous quote before, "Those who do not learn history are doomed to repeat it." The United States housing market can be unpredictable, volatile and cyclical. We've seen recent "ups" like the early 2000s and major "downs" like the Savings & Loan Crisis of the late 1980s and the devastating Foreclosure Crisis several years ago. Knowing what we now know, what measure(s) would you suggest (or what protections would you put in place) to prevent another housing disaster that would preserve homeownership and ultimately the national economy? Consider all levels of the market, including consumer (home buyers / sellers / owners), lenders (banks) and government (policies / bills / programs) as you map out an original, forward-thinking plan to avoid (at the very least minimize) mistakes from the past. Or, conversely, is another housing disaster simply inevitable? Provide factual evidence (references are strongly encouraged) to support your original plan / argument.
Foreclosure.com has issued $54,000 in scholarship money to 30 college students nationwide since the program was introduced in 2009. Each year, the company challenges future leaders of America to provide creative solutions/ideas to many of the nation's most critical issues, real estate in particular, which can be used to help foster a robust United States housing market.
Foreclosure.com continues to break new ground by offering a nationwide scholarship program. Currently enrolled college students (graduate students, law students and/or high school seniors are NOT eligible) are invited to apply by submitting an essay. Freshman entering Fall 2016 are eligible once they have received a student ID number. Plagiarism is strictly forbidden. Essays that are not the original work of the entrant will be immediately discarded and eliminated from consideration.