The Guaranteed Rate Foundation – a public charity that aids financial hardship, acute medical needs, disaster relief, and scholarship assistance – has announced it’s expanding it’s Young Entrepreneur Scholarship program for the 2014 – 2015 school year.

The scholarship program provides college scholarships of up to $10,000 per year, for up to four years, towards tuition and study material for students who demonstrated entrepreneurial qualities.

Approximately $100,000 in scholarship funds have been awarded to date and in effort to continue the support, the foundation is expanding the program to include two additional scholarships for children and grandchildren of real estate industry professionals registered on Guaranteed Rate’s Partner Xchange website.

Partner Xchange provides resources to help real estate professionals to double their business and provides more than 200 videos on the site, that include tips on social media, technology training webinars, and peer coaching sessions for top real estate agents nationwide.

To apply for the program, candidates must submit a one-page essay of 500 – 700 words detailing their entrepreneurial abilities including specific examples, such as starting their own business and hiring employees, forming a student organization at school or leading a community based organization. Candidates are also required to submit additional supporting information, including letters or recommendation that provide insight into their entrepreneurial skills. Applications for the scholarship must be received by June 6 of this year and students must be enrolled to attend a post-secondary school for the upcoming year. Recipients of the scholarship with also have the opportunity to participate in the Guaranteed Rate summer intern program, where they will receive additional training and leadership education.