A college education isn’t cheap. While some students have financial help from their parents, others commit to going into debt to finance their college education. Before doing this, consider applying for one of the many scholarships available to accounting majors. Making the effort to apply may reap rewards far beyond the hours spent on the scholarship application. Below find several scholarships for accounting majors that you can consider.
American Institute of CPAs (AICPA)
The AICPA provides several scholarships to students that plan to take the CPA. For undergraduate students, there is the Accountemps Student Scholarship awarded to up to ten students each year. The scholarship totals $2,500 for one year and is nonrenewable. An overall GPA of 3.0 is required and the student must have completed at least 30 semester hours of college coursework, including six semester hours of accounting coursework. The application deadline is August 1 each year.
For minority students, the AICPA offers the Scholarship for Minority Accounting Students. This is for outstanding students that plan to pursue CPA licensure. To apply, students must have an overall GPA of 3.3 and at least 30 semester hours of college coursework including six accounting hours. The scholarship totals $5,000 per year. The application deadline is April 1 and it is a renewable scholarship, although renewal is not guaranteed, and requires a new application each year.
National Society of Accountants (NSA)
In 2013, the NSA Scholarship Foundation awarded scholarships to 39 candidates averaging $850 each. Eligibility requirements are only that a student must be enrolled at an accredited two- or four-year college or university. Further, applicants are judged on the basis of “scholastic achievement, demonstrated leadership ability and financial need.” Applications are accepted year-round
Association of Latino Professionals in Finance and Accounting (ALPFA)
For accounting students with Hispanic heritage, the Hispanic Scholarship Fund (HSF) and the ALPFA teamed up to offer scholarships ranging from $2,000 to $10,000 per year. Requirements that the student goes to school full-time and has a cumulative GPA of 3.0 and is entering their junior or senior year in an accounting program at a U.S. accredited college. In addition, the student must also have applied for federal financial aid. The deadline for application is January 31.
Students pursuing an accounting degree would also be wise to check into other types of scholarships that they qualify for. Military families, single mothers, and ethnicity-based scholarships are a just a few. Merit-based scholarships are for students that meet or exceed standards of academic achievement, athletic abilities, or other extra-curricular activities. You may also qualify for federal grants based on need. To find out where to get more information, visit the U.S. Department of Labor’s free scholarship finder or federal and state grant agencies. In addition, visit the financial aid office at your university where you can find someone that can help you find scholarships for your particular needs.
For information on more scholarships, see 50 Great Scholarships for Business and Accounting Majors.
About Sara Huter
Sara Huter has over 15 years experience in the banking and energy industries, and over 10 years as an adjunct professor. Her work has been published for BusinessBee.com, the International Directory of Company Histories, the Encyclopedia of Business Insights: Global, EHow.com, and Examiner.com. Find out more about Sara at her Google+ Profile.