We’re just three weeks in and the Foreclosure.com Scholarship Program has experienced overwhelming interest within the education sector.

Colleges and universities across the nation — Columbia University, Tulane University and Michigan State University to name just a few — have been actively promoting the scholarship with hopes that one of their own will not only win the top prize ($5,000), but ultimately help “solve the foreclosure crisis.”

Thousands of applications have been pouring in with well-written essays that provide unique/creative solutions to a complex problem. We called for innovative ideas and the students have answered en masse!

With three months remaining in the Foreclosure.com Scholarship Program (Deadline = Dec. 31, 2009) there is still ample time for students to get involved in the foreclosure discussion and submit their applications.

We look forward to hearing your ideas!

For more information about this student opportunity please visit our scholarship page (www.foreclosure.com/scholarship) right here.

Boca Raton, Fla. — Sept. 1, 2009 — Foreclosure.com today announced that it will reward five current and/or college-bound students with scholarships who can best provide a solution(s) to one of the most troubling issues facing our nation today:

“How to solve the foreclosure crisis?”

Foreclosure.com will accept written essays/plans (1,000-word minimum, 2,500-word maximum) through its Web site and via mail from Sept. 1, 2009, to Dec. 31, 2009. Five winners will be selected at the conclusion of the contest. The top prize is a $5,000 scholarship and four $1,000 grants will be awarded to the runners up.

All students must read and agree to the scholarship rules, which are located on the Foreclosure.com contest page at www.foreclosure.com/scholarship.

“We’re in the midst of one of the most challenging and volatile real estate periods to ever hit the United States,” said Foreclosure.com Director of Education, Linda Yates. “It’s an alarming issue — families throughout the nation are losing their homes. And policy makers at the highest levels of the United States government have yet to find an effective solution that can solve the problem. It’s time to give a voice to the most talented and innovative students in the nation. We want to hear what they have to say.”

In addition to the cash prizes (5) in the form of scholarships, the best five plans will be sent to Congress and to President Barack Obama himself. Winning submissions will also be published on Foreclosure.com.

For complete details and submission requirements/instructions for the Foreclosure.com Scholarship Program visit www.foreclosure.com/scholarship.

It’s a good question. One that is seemingly still baffling policy makers even at the highest levels of the United States government.

But it’s not for lack of effort.

Proposals have been floated, ideas have been shared and new laws have been passed to try and stem the foreclosure tide. We’ve seen everything from bank bailouts to loan modifications to grassroots prevention programs, but still the defaults continue. And it’s possible that it could get worse before it gets better.

So what else can/should be done to solve the foreclosure crisis?

We’re asking college students (and incoming freshmen) to answer that critical question in our recently-introduced Foreclosure.com Scholarship Program. It’s an essay contest (minimum 1,000 words, maximum 2,500) that rewards innovative and practical individuals with the most creative ideas in the form of scholarship money. The submission deadline is Dec. 31, 2009.

In addition to the cash prizes (5) in the form of scholarships, the best five plans will be sent to Congress and to President Barack Obama himself. Winning submissions will also be published on Foreclosure.com.

For complete details and submission requirements/instructions for the Foreclosure.com Scholarship Program click here. We look forward to reading what you have to say!