NJCPA is Accepting High School and College Scholarship Applications

— New High School Minority and College Sophomore Awards Added —

The New Jersey Society of Certified Public Accountants (NJCPA), which already has one of the largest scholarship funds in the state, is now accepting applications for its accounting scholarships. College-bound New Jersey high school seniors and minority high school seniors, as well as sophomore and junior/senior college accounting students at New Jersey colleges or universities are encouraged to apply. The minority high school and college sophomore scholarships are new additions to the scholarship offerings this year.

Scholarships for High School Seniors

The NJCPA is providing $1,500 scholarships to college-bound New Jersey high school seniors intending to major in accounting or obtain a concentration in accounting, with not less than 24 accounting credits.

In addition, a new $1,500 Minority Scholarship, funded by Deloitte, was created to open the door for people of color who may lack the resources to pursue an accounting career. The four New Jersey high schools that were selected as part of the pilot program are: Rahway High School, West Orange High School, New Brunswick High School and East Side High School (Newark). Minority high school seniors from the four selected high schools must intend to major in accounting in college. Six to eight candidates from each school are expected to be chosen.

The deadline to submit applications for both high school awards is Dec. 10, 2021.

Scholarships for College Students

The NJCPA is also opening applications for its $6,500 scholarships for accounting students at New Jersey colleges or universities who are currently in their junior year or in their senior year and entering an accounting-related graduate program.

Additionally, New Jersey college sophomores who are continuing their education at a four-year New Jersey college are encouraged to apply for a $2,000 award. Sophomores typically carry a heavy load of accounting coursework in their junior year, which is why the new scholarship was developed along with accommodating those students graduating from a two-year community college.

Both college scholarship awards have an application deadline of Jan. 7, 2022.

The NJCPA Scholarship Fund, which is supported by NJCPA member donations, will be distributing all of the scholarships. The Fund has given out awards to more than 2,000 New Jersey students, totaling more than $7 million since its inception in the 1960s.

“Many students need extra financial support to continue their accounting studies. It is very rewarding to assist the next generation of CPAs,” said Henrietta Fuchs, CPA, president of the NJCPA Scholarship Fund and partner at CohnReznick LLP.  

“We are grateful to Deloitte for making the new minority scholarship a reality for many deserving students, and we are pleased, as always, with the generosity of our members in making an accounting career more affordable,” added Ralph Albert Thomas, CPA (DC), CGMA, CEO and executive director of the NJCPA.

Scholarships are awarded based on academic performance, standardized test scores, essays and personal interviews. For a complete list of eligibility requirements and apply for the awards, visit njcpa.org/scholarships. Winners will be notified in March of 2022.