Applications Open for Nearly $1 Million in AICPA Scholarships
Scholarship programs offer funding to college and high school students to study accounting and pursue a CPA, as well as to practicing CPAs to become college professors.
The American Institute of CPAs (AICPA) is now accepting applications for a wide range of scholarships, which are intended to strengthen the future of the profession by building a solid pipeline of promising young individuals to become CPAs.
The AICPA offers a variety of scholarships, ranging from high school students studying advanced high school accounting to college undergraduate and graduate students working to become CPAs to practicing CPAs who wish to earn doctorates and become accounting professors. The deadline to apply for all scholarships is March 1, 2021.
High School Scholarships
The AICPA Foundation High School Scholarship provides $2,000 each to up to 10 high school seniors who have taken the Advanced High School Accounting program and who intend to continue their accounting studies at an accredited college or university.
Advanced High School Accounting is part of the AICPA’s Accounting Program for Building the Profession (APBP), which trains high school educators to teach higher-level accounting curricula. Research shows that taking an accounting course in high school increases the probability that students will major in accounting in college.
The AICPA Legacy Scholarships, funded by the AICPA, the AICPA Foundation, and partners, offer $3,000 to $10,000 per student, with more than $700,000 in total scholarships available. These scholarships provide support to students from diverse backgrounds, including liberal arts majors pursuing a graduate degree in accounting, minority and female scholars and those transferring from a two-year to a four-year institution.
The scholarship awards that comprise the AICPA’s Legacy Scholars Program are:
- AICPA/Robert Half Student Scholarship Award, which provides $10,000 to up to four undergraduate and graduate students who intend to earn their CPA.
- American Woman’s Society of CPAs (AWSCPA) Scholarship Award, which offers $5,000 to up to four outstanding women pursuing a degree in accounting.
- AICPA John L. Carey Scholarship Award, which gives $5,000 to up to five non-accounting or business degree holders pursuing a graduate degree in accounting.
- AICPA Scholarship Award for Minority Accounting Students, which offers $3,000 to $5,000 to approximately 90 outstanding minority students to encourage their study of accounting.
- AICPA Foundation Two-year Transfer Scholarship Award, which provides $5,000 to up to 25 students transferring from a two-year school to a four-year program to complete their accounting degree.
- AICPA Foundation Scholarship for Future CPAs, which offers $5,000 to up to 25 students interested in pursuing their CPA license after graduation.
“The AICPA fully supports promoting and developing the pipeline of students studying accounting and pursuing their CPAs,” said Joanne Fiore, Association of International Certified Professional Accountants vice president of professional media, academics, and student engagement. “We do this is by offering financial assistance to undergraduate and graduate students and working to ensure that there is a strong supply of qualified educators to teach them.”
The Minority Doctoral Fellowship program provides $12,000 to 25 students, renewable for up to an additional four years, assuming students continue to meet eligibility requirements, and is intended to bolster racial and ethnic diversity among accounting educators at colleges and universities.
The William (Bill) Ezzell Scholarship program offers a one-time award of $10,000 to five accounting Ph.D. candidates who demonstrate significant potential to become mentors for the next generation of CPAs. The scholarship honors the late Ezzell’s passion for the profession and recognizes his belief that the best way to encourage the next generation of CPAs was to put educators in the classroom with relevant and recent real-world experience.
Both programs are intended to ensure a healthy pipeline of accounting educators. Having recently practicing CPAs in the classroom also strengthens the connection between academia and practice.
Additionally, the AICPA’s ThisWaytoCPA’s National Scholarship Search lists a wide range of other scholarships available to accounting students around the country.