SOURCE: Guaranteed Rate Inc.

Guaranteed Rate Inc.

May 01, 2014 16:35 ET

Guaranteed Rate Foundation Expands Young Entrepreneur Scholarship Program

Two Additional Scholarships Added for Family Members of Real Estate Professionals

CHICAGO, IL--(Marketwired - May 01, 2014) - The Guaranteed Rate Foundation, a 501 (c)(3) public charity, announced it is expanding its Young Entrepreneur Scholarship program for the 2014-2015 school year.

The program provides college scholarships of up to $10,000 per year, for up to four years, towards tuition and study materials for students with demonstrated entrepreneurial qualities. To date, approximately $100,000 in scholarship funds have been awarded. Now, in an effort to support the next generation of entrepreneurs, the Guaranteed Rate 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.

To apply, 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 of recommendation (up to two) that provide insight into their entrepreneurial skills.

Applications for the scholarship must be received by June 6, 2014. Students must be enrolled to attend a post-secondary school for the upcoming year (this includes four-year colleges, trade, vocational and technical schools, and community and junior colleges). Recipients of the scholarships will also have the opportunity to participate in the Guaranteed Rate summer intern program, where they will receive additional training and leadership education and possibly earn school credit. Complete details about the scholarship and applications are available here, or questions can be emailed to

The Guaranteed Rate Foundation was established to impact families in a meaningful and positive way in times of unexpected hardship or need. The Foundation has helped more than 300 individuals and distributed more than $250,000 in aid related to financial hardship, acute medical needs, disaster relief funds, and scholarship assistance. 

Guaranteed Rate's Partner Xchange provides resources to real estate professionals to help them double their business. The site currently has more than 27,000 active users with more than 2,000 new real estate professionals joining each month. More than 200 videos on the site provide social media tips, technology training webinars, and peer coaching sessions from top real estate agents nationwide. Partner Xchange also provides access to business tools including Guaranteed Rate's loan status monitor, copies of Enjoy Magazine, and property flyers with loan options. To be eligible to apply for the Young Entrepreneur Scholarship, real estate professionals can register for free at the Partner Xchange site.

About Guaranteed Rate

Guaranteed Rate is one of the ten largest retail mortgage companies in the U.S. and is Revolutionizing Life's Biggest Purchase™ by offering industry-leading self-service tools and low rate, low fee mortgages through an easy-to-understand process and unparalleled customer service. Headquartered in Chicago with approximately 175 offices across the U.S. and licensed in all 50 states, Guaranteed Rate has helped hundreds of thousands of homeowners with more than $65 billion in home purchase loans and refinances since 2000, including nearly $16 billion in 2013 alone. Guaranteed Rate was named the No. 1 mortgage company in America by Mortgage Executive Magazine in 2012 and was recognized by Inc. magazine as the No. 4 private company job creator in the U.S. in 2013.

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The Guaranteed Rate Foundation does not discriminate against individuals on the basis of race, creed, color, sex, sexual orientation, gender identity, religion, disability, age, veteran status, political ideology, ancestry, marital status, source of income or national or ethnic origin in the administration of its programs, contests, promotions, policies, scholarship and loan programs, and other Foundation administered programs and activities.

The applicant agrees that any benefit provided by the Guaranteed Rate Foundation does not require, is not payment for, and is not in any way contingent upon the referral or any other arrangement for the provision of any item or service offered by the Guaranteed Rate Foundation, its agents, assigns, affiliates, parent companies or subsidiaries. The applicant further acknowledges that there is no requirement that any party refer any person to any service provider or purchase services from any source. The applicant acknowledges that it is not required in any fashion to use the services of the Guaranteed Rate Foundation, its agents, assigns, affiliates, parent companies or subsidiaries as a condition, express or implied, for consideration hereunder.

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