The NSW Aboriginal Land Council Educational Scholarship, formally known as the Freddy Fricke Scholarship, will open for applications on August 26. It's aimed at NSW students in their second last year of tertiary education.

NSWALC chair Anne Dennis said the scholarship would provide students with the money to complete their studies, as well as giving them the opportunity for a paid internship with the NSWALC.

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"The internship will give scholarship recipients valuable practical experience in their fields by working at the peak body for the Land Rights network," she said.

Fields of study may include law, finance, business, media or land and environment.

"This really is a fantastic opportunity to be supported while you learn and develop your skills," Cr Dennis said.

Details on how to apply for one of the two scholarships will be made available later in the month.