Austin, Texas-based self-storage aggregator SpareFoot is footing the bill for one college student this summer. The company is offering a $5,000 scholarship to cover school expenses. In addition, the company will pay for the winning applicants self-storage bill for the summer.

Applicants must be full-time undergraduate college students in good standing at the time of application and during the semester in which the prize is received. They must also complete the Spare Funds Scholarship application on the companys website by June 1.

SpareFoot will review the applications and choose a qualified winner based on past academic performance, extracurricular involvement, and the quality of answers to the prompts in the application.

The winning student will receive a check for $5,000 to be used for school-related expenses such as tuition, books, fees, etc., and reimbursement for rent paid on a self-storage unit if documentation is provided.

All applicants will be notified of their award status via e-mail by July 1, with the winner notified via e-mail and phone by June 25.

Founded in 2008, SpareFoot.com lists more than 5,000 self-storage facilities in its nationwide directory, which allows consumers to find, compare and reserve self-storage units online. Through multiple websites including SpareFoot.com, SelfStorage.com, Apartments.com and many others, SpareFoot helps self-storage operators find new tenants through a pay-for-performance model. The company is backed by Silverton Partners, FLOODGATE and Capital Factory.