PREA Scholarship Program

$500–$15,000Award Amount
10Number of Awards
5/15/2023Submission Deadline

Explore Similar Scholarships

College Major:

Grade Level:

The PREA Scholarship Program offers awards of $500 to $5,000 to students studying real estate. The applicants are judged based on the need for financial assistance, academic record, leadership skills, and the quality of the essay submitted.

The Pension Real Estate Association (PREA) is an association of more than 700 member firms in the real estate industry. It is a non-profit organization founded in 1979 including members from North America, Europe, and Asia. The scholarships for real estate students have been offered annually since 1994.

Students studying real estate at undergraduate and graduate levels at an accredited institution can apply for the scholarship. The award amount is based on the student’s need to cover educational expenses. The process is administered by Scholarships America, a trusted name in the domain of scholarships and awards.

Key Information of PREA Scholarship Program

Study Details

Area of Study

Real Estate

Country of Study

United States

Specific Schools


Scholarship Details

Intended Level of Study

  • Undergraduate
  • Postgraduate

Award Amount


Number of Awards


PREA Scholarship Program Timeline

April 2023

Application Opening Date

Applications will be open in April.

May 2023

Submission Deadline

Submissions are due by this date.


Award Announcement

The winning candidates are usually notified in July. The payments are usually made in August..

Scholarship Eligibility

To be eligible to apply, applicants must meet the following criteria.

  • Eligible Grade: College Sophomore – Postgraduate
  • Maximum Age: Any
  • Required GPA: Any
  • Geographic Eligibility: Any
  • Gender: Any
  • Race/Ethnicity: Any

Application Requirements

Here’s what you need to submits besides your application.

  • Essay
  • Recommendation letters
  • Grade transcript
  • Financial Information

How to ace the PREA Scholarship Program


Provide proof of financial need

You can get the scholarship without doing so, but the award amount can be impacted. Make sure you provide all the documents to prove financial need if you have.


Research well for the essay

The essay subject will be provided on the website. Research thoroughly before starting to write your essay.


Focus on real estate

Make sure you focus on the real estate factor more in your essay instead of something else that is part of the subject.


Participate in community service and gain experience

Candidates with vast community service and working experience in real estate stand a better chance. You still have a lot of time to improve your credentials in both areas.

How the PREA Scholarship Program is Judged

The program is open to students enrolled or accepted in an accredited institution for a four-year program related to real estate. The applicants will be judged based on their essay, academic record, community service, leadership capabilities, online recommendation, and need for financial assistance. Applicants from the U.S. and Canada need to provide copies of the first two pages of IRS Form 1040 or T1 General Form.

Why We Love the PREA Scholarship Program


Offers assistance to real estate students

The scholarship is only for students pursuing real estate education from all over the world. It will help find and nurture talent to take the industry forward.


Award amount based on need

The award amount is based on the need for financial assistance.


No minimum GPA requirement

All students can apply regardless of their current GPA. Although the academic record will still be a major factor in selection.

5 Facts About PREA Scholarship Program


PREA was founded in 1979

It is a trade association for the real estate industry founded in 1979.


It has members from three continents

The PREA has more than 700 member firms from North America, Europe, and Asia.


The scholarships have been offered since 1994

The organization has been supporting students through scholarships since 1994.


PREA spends $20,000 in scholarships annually

$15,000 has been dedicated to supporting graduate students whereas the undergraduates will get $5,000 in total.


It’s offered in coordination with Scholarships America

Scholarships America administers the complete process, including the selection of students.

Pattillo Scholarship Fund

The Pattillo Scholarship Fund awards college students $3,500 scholarships each year for up to four years.

Scholarships awarded
1 winner
Required GPA
February 15

Nursing Education Scholarship Program

Every year, IDPH awards scholarships from $8,324 to $17,124 to individuals who are pursuing various degrees in nursing at approved institutions in Illinois.

Scholarships awarded
1 winner
Required GPA
April 30