US Scholarships For Accounting Students

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There are many scholarships available for accounting students. Before taking on loans, students should exhaust all scholarship options so that they are not saddled with debt upon graduation. The following are just some of the accounting scholarships available:

American Institute of CPAs

The American Institute of CPAs (AICPA) represents and advances the interest of the accounting profession. It is the world’s largest accounting association, with almost 377,000 members located in over 128 countries. It also develops and grades the CPA exam, sets the profession’s ethical standards, and establishes the profession’s auditing standards. In order to advance the profession, the AICPA provides the following scholarships:

AICPA Fellowship for Minority Doctoral Students

The AICPA Fellowship for Minority Doctoral Students, which provides $12,000 a year, seeks to increase the number of minority CPA professors in higher education classrooms. The scholarship is for students who fulfil the following requirements:

• have already been accepted in a doctoral program, or are awaiting an acceptance decision, or are already pursuing their doctoral degree,
• have a master’s degree and/or three years of full-time accounting experience,
• plan to pursue the CPA credential or is already a CPA,
• be a full-time student, and
• be of Black or African American, Native American, or Hispanic or Latino ethnicity.

AICPA John L. Carey Scholarship

The AICPA John L. Carey Scholarship strives to increase the number of accounting students with non-business backgrounds. The scholarship provides $5,000 a year. The requirements for applicants are:

• is in the process of applying or have been accepted in a graduate accounting program that is accredited by the Accreditation Council for Business Schools & Programs (ACBSP) or the Association to Advance Collegiate Schools of Business International (AACSB International),
• has a non-business or liberal arts undergraduate degree,
• did not earn more than 12 credits in business or accounting during their undergraduate study,
• not yet enrolled in a graduate accounting program, and
• intends to pursue a CPA certificate.

AICPA/Accountemps Student Scholarship

The AICPA/Accountemps Student Scholarship is for accounting students who plan on becoming CPAs. The scholarship provides $2,500 a year. Students must:

• have an overall and major GPA of 3.0,
• be an accounting-related graduate-level or undergraduate-level student, and
• have completed at least 30 semester hours, with at least six of those semester hours coming from accounting courses.

AICPA Scholarship for Minority Accounting Students

Providing $3,000 a year, the AICPA Scholarship for Minority Accounting Students is for minority undergraduate and graduate students who plan on pursuing the CPA license. The requirements for applicants are:

• have an overall and major GPA of 3.0,
• be a full-time undergraduate or graduate student,
• have completed at least 30 semester hours, with at least six of those semester hours coming from accounting courses, and
• be of Black or African American, Native American, Hispanic or Latino, or Asian American ethnicity.

Besides AICPA scholarships, students should check with their school, community organisations, and the state board of accounting for scholarship options.

Sources:

About the AICPA. (2012) American Institute of CPAs.

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