Guide to Scholarships for Accounting Majors

Accounting education is a valuable acquisition for a person seeking to start, change, or expand a career in business or public service. Many people associate accounting with the love of numbers and mathematics. While math is a vital part of the study of accounting, the accounting field of study equips graduates to work with the essential details of any organization. Accounting education is a foundation for the CPA profession, professional auditing, and more.

Sources for Scholarships

Accounting scholarships come from many sources. Universities and Colleges award scholarships for accounting studies. Many schools have general business scholarships, and some offer accounting-specific scholarships. Women and minority groups have traditionally been underrepresented in the accounting field and there are scholarships available specifically for those who are a part of these groups and want to pursue a career in accounting. The available minority scholarships focus on African -American men and women, Latino men and women, and Asian-American men and women.

Women’s professional accounting groups are an excellent source of funds for female accounting students at all levels of attainment. Further, there may be specialized scholarship awards in many parts of the country aimed at helping women break traditional barriers. These include scholarships to help women re-enter the educational setting after gaps for childbirth, child-rearing, and other obligations, such as being the sole-supporter of a family group. Some leading women’s professional groups providing scholarships for women students include the American Society of Women Accountants (ASWA), Accounting & Financial Women's Alliance Scholarship (AFWA), the Educational Foundation for Women in Accounting (EFWA), and the Financial Women of San Francisco and the Bay Are (FWSF).

Scholarships from Charitable Groups and Foundations

Section 501(c)(3) and other similar types of organizations offer scholarships for which accounting is a subject or an included category of eligible study. A leading example is the Laurels Fund, which supports female Accounting PH.D. candidate’s (http://www.efwa.org/scholarships_postgraduate.php)

Scholarships Sponsored by Businesses

Businesses and business associations have a strong interest in increasing the supply of highly qualified accounting graduates at all levels of achievement. The companies that have invested in scholarships to support accounting students at the undergraduate, graduate, and doctoral levels typically employ accounting grads and have a continuing need for high-level accounting education in their businesses. They include the insurance industry, the automotive industry, CPA firms, auditing firms, accounting educators, and energy industry firms.

Scholarships Sponsored by Business Associations

Business associations, like their members, take interest in increasing the number of highly-trained accountants and accounting professionals. Associations are a convenient device for industry-wide efforts to support students.

Accounting Degree Scholarships

1

¡Adelante! Fund MillerCoors Colorado Scholarship

Amount: $3,000
Application Deadline: July 03
Application Link: https://www.adelantefund.org/

The Adelante US Education Fund supported by Miller-Coors company is offered to Hispanic students in their third or fourth year of studies. Eligible students must be enrolled in a Chicagoland partner school, be of Hispanic descent, have a GPA of 3.0 or higher, and be a US citizen or legal resident. The below-listed schools are Chicagoland Partners.

  • Chicago State University
  • Governors State University
  • Moraine Valley Community College
  • Morton College
  • Olive-Harvey College
  • Prairie State College
  • Richard J. Daley College
2

AICPA Minority Accounting Students Scholarships

Amount: $5,000
Application Deadline: April 01
Link: (https://www.aicpa.org/becomeacpa/scholarships.html)

The American Institute of Certified Public Accountants develops and grades the uniform CPE examination needed to qualify as a certified public accountant. It is the largest CPA organization with more than 410,000 members. It sets standards for international and specialized accounting certifications. The American Institute of Certified Public Accountants established the AICPA Scholarship for Minority Accounting Students to provide funds for deserving students and to increase the numbers of traditionally under-represented minorities in the accounting professions.

The Association designated the Center for Scholarship Administration as the review and administration agency for the AICPA Minority Scholarship program. The Center for Scholarship Administration, Inc. is a non-profit, independent organization.

The below-listed items describe the eligibility requirements for the AICPA Scholarship. Applicants must be:

  • A member of an ethnic minority group in the accounting profession, a US citizen or legal resident, and pursuing an undergraduate or graduate-level degree in an accounting-related major.
  • Enrolled as a full-time undergraduate (12 credit hours or equivalent) or a full-time graduate level student (9 credit hours or equivalent) for the academic year.
  • Planning to pursue the CPA licensure but not presently be a CPA.
  • Completed at least 30 credit hours of college coursework, including at least six hours (or equivalent) in accounting, by the end of spring.
  • Accepted/Enrolled at a public or private, not-for-profit, four-year college or university located in the U.S. states or territories for the full academic year.
  • An AICPA student affiliate member that has maintained an overall and major GPA of at least 3.0.
3

AICPA Fellowships for Minority Doctoral Students

Amount: Up to $12,000 per year
Application Deadline: May 15
Link: (https://www.aicpa.org/career/diversityinitiatives/fmds.html)

The accounting profession depends upon a core of highly trained college-level educators. The American Institute of Certified Public Accountants (AICPA) recognizes the need to support students pursuing doctoral level degrees in accounting and related fields. At the same time, the AICPA intends to increase representation by underrepresented groups in the accounting profession.

The AICPA Fellowships for Minority Doctoral Students awards scholarships to students that show significant potential to contribute to accounting education.

4

AICPA John L. Carey Scholarship Award

Amount: $5,000 per year
Application Deadline: March 1
Link: (https://www.aicpa.org/interestareas/accountingeducation/resources/john-l.-carey-scholarship-program.html)

The John L. Carey Scholarship Award provides financial assistance to liberal arts and other non-business-related degree holders who are pursuing graduate studies in accounting and the CPA designation. An eligible student must meet the below-listed requirements:

  • Obtained a liberal arts or non-business undergraduate degree before enrolling in a graduate accounting program
  • Been accepted into or is in the process of applying to, a graduate program in accounting that is accredited by AACSB International or ACBSP.
  • Earned 12 credits or less in accounting or business during their undergraduate program.
  • Must not previously have participated in a graduate accounting program.
  • Must intend to pursue a CPA certificate.
5

AICPA Scholarship for Minority Accounting Students

Amount: up to $5,000 per year
Application Deadline: March 1
Link: (https://www.aicpa.org/career/diversityinitiatives/smas.html)

The AICPA Minority Scholarship Award program provides awards to outstanding undergraduate and graduate minority students who plan to pursue the CPA licensure. Awards may be up to $5,000 per year.

Eligibility- Applicants must meet the below-listed requirements:

  • Must be a full-time undergraduate or graduate-level accounting student
  • Must be a member of an underrepresented minority in the accounting profession
  • Must have completed at least 30 semester hours in college coursework with at least six semester hours in accounting and a major and overall GPA of 3.0
6

AICPA/Accountemps Student Scholarship

Amount: $10,000/year
Application Deadline: March 1
Link: (https://www.aicpa.org/interestareas/accountingeducation/resources/aicpaaccountemps.html)

The AICPA/Accountemps Student Scholarship Award provides financial assistance to accounting majors who plan to become CPAs. Accountemps is a major employer of accounting educated graduates for auditing, accounting, and other professional services. The scholarship has simple requirements; An eligible student must have the below-listed qualifications:

  • Full-time undergraduate or graduate-level enrollment as an accounting student
  • Completed 30 or more credit hours (or equivalent) of college coursework, including at least six credit hours (or equivalent) in accounting
  • Have an accounting major and overall GPA of 3.0 or higher
7

AICPA Foundation Two-year Transfer Scholarship

Amount: $5,000/year
Application Deadline: March 1
Link: (https://www.thiswaytocpa.com/education/aicpa-legacy-scholarships/aicpa-foundation-two-year-transfer-scholarship/)

The Two-year Transfer Scholarship Award provides financial assistance to students looking to transfer from a two-year college to a four-year institution to complete their degree in accounting or an accounting-related field.

Requirements - An eligible student must have the below-listed qualifications:

  • Must be currently completing courses at a two-year college/university planning to transfer with a declared intent to major in accounting or an accounting-related field at a four-year college/university during the scholarship year
  • Must intend to pursue the CPA licensure but not presently have a CPA license
  • Must be enrolled in a business or accounting program that is accredited by the AACSB and/or ACBSP for the full academic year for which AICPA awards the scholarship
  • Must maintain an overall and major GPA of at least 3.0 (on a 4.0 scale)
8

Daniel B. Goldberg Scholarship

Amount: $15,000
Application Deadline: February 10
Link: (http://www.gfoa.org/scholarships)

The Government Finance Officers Association sponsors a graduate scholarship to promote careers and career interest in government finance and public agency accounting. Eligible candidates must be citizens of the US or Canada, enrolled in a government finance-related career. Awarding of the scholarship is decision-based, focused on past academic and career experience.

9

Deloitte Foundation Doctoral Fellowship Program

Amount: $25,000 (10 awards)
Application Deadline: October 15
Link: (https://www2.deloitte.com/us/en/pages/about-deloitte/solutions/educator-resources.html)

The accounting and auditing industry have a keen interest in increasing the number of doctoral candidates at leading colleges and universities. The Deloitte Doctoral Fellowship Program is part of a larger effort within the auditing and accounting industry to impact the supply of accounting college faculty and accounting experts.

The program awards up to ten doctoral students $25,000 in scholarship assistance, disbursed in equal installments over a two-year term. Eligible students must attend an accredited college or university. They must be enrolled in an accounting program and have completed two semesters or the equivalent in credit hours.

The Deloitte Foundation is the charitable foundation of the international finance and accounting entity DTTL. The Foundation operates social projects that impact many areas of economic and social life.

10

Educational Foundation for Women in Accounting Scholarship

Amount: $1,000 - $16,000
Application Deadline: April 1
Link: (http://www.efwa.org/scholarships.php)

Sponsored by the Educational Foundation for Women in Accounting (EFWA), this program helps women pursuing accounting degrees at the undergraduate, graduate, and postgraduate levels. There are three categories for eligible undergraduates, graduate students, and post-graduate students. They are women in transition, women in need, and the Institute of Management Accounts Award.

11

Frank L. Greathouse Government Accounting Scholarship

Amount: $8,000 (2 awards)
Application Deadline: February 19
Link: (http://www.gfoa.org/scholarships)

Eligible applicants include grad or undergrad students enrolled in full-time study. Undergraduate eligibility requires third-year or higher status at the time of the award, and recommendation by an academic adviser or the accounting program Chair. Applicants must study a field or program that prepares graduates for a career in state and local government finance. The program requires Canadian citizenship, US citizenship, or permanent resident status. These awards may not go to past winners of GFOA scholarships.

12

GFOA MINORITIES IN GOVERNMENT FINANCE SCHOLARSHIP

Amount: $10,000 (1 Award)
Application Deadline: January 18
Link: (management.http://www.gfoa.org/scholarships)

This scholarship is provided by the Government Finance Officers Association. Eligible applicants must be enrolled in an upper-level undergraduate or graduate program in a field including accounting with a focus on government or non-profit.

13

IASA Insurance Industry Collegiate Scholarship Program

Amount: $15,000 ($1,000-$2,500 each)
Application Deadline: February 28
Link:

The Insurance Accounting & Systems scholarship helps students prepare for careers in the insurance industry. Eligible scholars must major in insurance accounting, finance, information technology, actuarial science, or risk management. Awards will range from $1,000 to $2,500. Eligible students must be sophomores or higher, enrolled in a US college or university with an insurance program. Applicants may qualify if they express their plans to pursue a career in insurance.

14

Internal Auditor Magazine Scholarship

Amount: $1,000 (6 awards)
Application Deadline: Varies
Link: (https://iaonline.theiia.org/scholarships)

Internal Auditor Magazine is a periodical publication covering the internal audit profession. The magazine offers six scholarships for undergraduate and graduate students. The magazine’s decision relies on an essay contest. The awards go to applicants that present informative and intuitive essays on internal audit subjects. The Publications Advisory Committee judges the entries, and the magazine publishes the winning essay on its website. The only other requirement is that the applicant be currently enrolled in an internal auditing undergraduate or graduate level program, or another related field.

15

NSA Scholarship Foundation

Amount: $35,000 to 32 recipients per year (Awards range from $500 to $2,200)
Application Deadline: April 1
Link: (https://www.nsacct.org/about/nsa-scholarship-foundation)

Eligible applicants must be citizens of the US or Canada or a legal resident in Arizona. Students must commit to a career in accounting. The foundation bases awards on need, scholarship, and community involvement. Applicants must have a 3.0 GPA or higher.

16

PCAOB Scholarship Program

Amount: $10,000
Application Deadline: December 15
Link: (https://pcaobus.org//About/Pages/Academic_Scholarship.aspx)

The national program uses penalties paid by companies for violations of the Sarbanes-Oxley Act to fund merit scholarships to support students pursuing careers in auditing. Eligible students attend regionally accredited U.S. colleges and universities that award bachelor's or master's degrees in accounting.

17

The Catching the Dream Program

Amount: $500 - $5,000
Application Deadline: April 30 (Fall Semester) – March 15 (Summer Semester) September 15 (Spring Semester)
Link: (https://www.catchingthedream.org/)

The goal is to increase the number of American Indian students in fields in which they have been chronically under-represented. This scholarship aids American Indian students that seek careers in several areas including business.

18

UNCF Undergraduate Scholarship Program

Amount: Up to %5,000
Application Deadline: November 6
Link: (https://www.uncf.org/pages/uncf-koch-scholarship-program-information)

This undergraduate scholarship program provides accounting scholarship funds, internships, networking, and mentoring to guide young professionals in accounting. Applicants must be African-American, a high school senior or college first-year student, pursuing a degree at an accredited school. They must have a 2.7, or better, GPA. This is part of the UNCF/Koch Scholars program.

Scholarships Based on States, Regions, and Cities

State Scholarship Name Amount Deadline
Alabama Alabama Power Scholarship Amount varies March 1, 2019
Arizona Arizona CPA Foundation High School Scholarship $500 February 3, 2019
Arizona Arizona CPA Foundation H. S. Scholarship $5,000 April 1, 2019
Arizona PMI Phoenix Chapter Scholarship $1,000 May 1,2019
California CalCPA Foundation Amounts vary vary by Chapter
California FWSF Scholarship $10,000 Deadline Varies
California Matt Fong Asian Americans in Pub. Fin. Scholarship $2,500 April 09, 2019
Florida FICPA- FICPA Foundation Amounts vary Applications opening in 2019
Georgia COAG Scholarship $1,500 April 1, 2019
Hawaii Fukunaga Scholarship Foundation $4,000 up to $16,000 February 19, 2019.
Hawaii Fujie Scholarship for Accounting Major Students $2,500 March 18,2019
Illinois ICPA Society Scholarship( Multiple funds) up to $4,000 April 1, 2019
Indiana Indiana CPA Soc. Educ. Found. Scholarship Amount Varies April 29, 2019
New Jersey NJCU Honors Program in Finance Scholarship $50,000 February 15,2019
North Carolina 2018-19 NC CPA Foundation Scholarships up to $4,000 Nov 2, 2018
North Carolina Claude B. Hart Scholarship $1200 April 1, 2019
Tennessee Scarlett Family Foundation Scholarship $60,000 12/15/2018
Texas Fifth-Year Accounting Student Scholarship Prog $5,000 Varies
Washington AFWA Scholarship Bellevue Chapter $3,000 February 05,2019
Washington EFWA - O’Leary Award $3,000 June 30 or sooner

Scholarship by State - Descriptions

1

Arizona – Arizona CPA Foundation High School Scholarship

Amount: Up to $500
Application Deadline: February 3
Link: (https://www.ascpa.com/become_a_cpa/scholarships)

The High School Scholarship offered by the Arizona CPA Foundation is available for US citizens, legal residents, and current residents of Arizona. After graduation, the recipient must meet the requirements for the award. Recipients must enroll in an Arizona university or community college as a full-time student in the fall semester and declare an accounting major. Recipient must be a legal U.S. resident and a current resident of Arizona.

2

Alabama - Alabama Power Scholarship

Amount: $1,200
Application Deadline: Varies
Link: (https://jsu.scholarships.ngwebsolutions.com/scholarx_scholarshipsearch.aspx)

The Alabama Power sponsored scholarship at Jackson State University in Jacksonville, AL. The awards cover students enrolled in a business-related course of study including accounting.

3

Arizona - Arizona CPA Foundation H.S. Scholarship

Amount: $500 (2 Awards)
Application Deadline: February 3
Link: (https://www.ascpa.com/writable/uploaded_files/2018-19_high_school_scholarship_application.pdf)

The Arizona CPA Foundation works with the Arizona Foundation for Education and Innovation to offer scholarships to high school seniors. Eligible students must be citizens or legal residents, major in accounting, and must be enrolled full-time in an Arizona university or community college.

4

Arizona - PMI Phoenix Chapter Scholarship

Amount: Up to $2,500
Application Deadline: May 1
Link: (https://pmief.org/scholarships/scholarship-directory/pmi-phoenix-chapter-scholarship)

Open to residents of Arizona that are enrolled in a bachelor’s, master’s, or doctoral program in project management or a related field. PMI considers project and corporate accounting as merged fields.

5

California - CalCPA Foundation

Amount: Awards and amounts vary by chapter
Application Deadline: December 3
Link: (https://www.calcpa.org/chapters/chapter-scholarship-information)

This foundation strives to provide continuing professional education for CPAS and those in related positions. You’ll need to review the specific chapter requirements to see if you are eligible for a scholarship.

6

California - FWSF Scholarship

Amount: $10,000 (Undergraduate); $15,000 (Graduate)
Application Deadline: March 24
Link: (https://financialwomensf.org/scholarships/)

This scholarship is for women residents of the San Francisco Bay Area. Eligible applicants must be enrolled in an accredited college, university, or satellite branch in the bay area. Maintain a minimum 3.4 GPA.

7

California - Matt Fong Asian Americans in Public Finance Scholarship

Amount: $5,000 (2 Awards)
Application Deadline: April 9
Link: (http://asianpacificfund.org/what-we-do/scholarships/apply-for-scholarship/#mattfong)

Applicants must have a qualified major including accounting and enrollment at a California college or university. Applicants must be of Asian heritage and have a minimum 3.0 GPA.

8

Florida - FICPA- FICPA Foundation (multiple awards)

Amount: $2,000 (Amounts may vary)
Application Deadline: March 15
Link: (https://scholarships.ficpa.org/)(https://www.icpas.org/being-a-cpa/be-a-cpa/scholarships)

Requirements to apply include:

  • Being a member of FICPA
  • Being a 4th or 5th year accounting major taking at least 6 credit hours
  • Being a citizen or permanent resident of the United States.
9

Georgia - COAG Scholarship

Amount: $500 (1); $1,000 (1); $1,500 (1)
Application Deadline: March 31
Link: (http://www.coag.info/scholarships.html)

Any Georgia high school graduate or GED diploma holder can qualify. They must enroll in a Georgia degree field related to government and law enforcement, political science, accounting, finance, business, or pre-law.

10

Hawaii - Fukunaga Scholarship Foundation

Amount: Up to $4,000 annually
Application Deadline: March 1
Link: (http://servco.com/philanthropy/scholarships.php)

The Fukunaga Scholarship Fund offers scholarships to Hawaii residents. Eligible students attend four-year colleges, and they pursue degrees in business administration or any related field such as accounting. The four-year awards can add up to $16,000 for four years of attendance.

11

Hawaii - Lloyd M. Fujie Scholarships for Accounting Major Students

Amount: Up to $2,500
Application Deadline: March 18
Link: (https://www.hpu.edu/financial-aid/scholarships/endowed-scholarships.html)

These awards are academic merit scholarships for incoming first-year students; the awards apply towards tuition costs. Eligible applicants must be public high school graduates from Hawaii with a GPA of 3.0 or higher.

12

Illinois - ICPA Society Scholarship (Multiple funds)

Amount: Up to $4,000
Application Deadline: April 1
Link: (https://www.icpas.org/being-a-cpa/be-a-cpa/scholarships)

The Illinois CPA Foundation offers accounting tuition scholarships to college seniors or graduate students. Eligible students must be US citizens or legal residents and reside in the State of Illinois. They must enroll and attend an Illinois-based college or university.

13

Indiana - Indiana CPA Soc. Educ. Foundation Scholarship

Amount: $500
Application Deadline: June 1
Link: (https://www.incpas.org/home/on-your-behalf/diversity/scholars/apply-to-be-a-2019-scholar)

Eligible applicants will present a 2.5 GPA or higher.

14

New Jersey - NJCU Honors Program in Finance Scholarship

Amount: Covers full tuition, starting at $48,000 (over 4 years)
Application Deadline: July 1
Link: (https://www.njcu.edu/academics/honors-program)

New Jersey students can take advantage of the NJCU scholarships that include opportunities for mentoring and internships. The program has four-year full-tuition scholarships.

15

North Carolina - 2018-19 NC CPA Foundation Scholarships

Amount: $1,500 (Community College); $2,000 (Undergraduate Program); $2,500 (Graduate Program)
Application Deadline: Applications open in April
Link: (https://www.ncacpa.org/2018-nc-cpa-foundation-scholarship-application/)

The scholarship seeks to promote increased awareness and participation in the accounting profession.

16

North Carolina - Claude B. Hart Scholarship

Amount: $1,000
Application Deadline: April 1
Link: (https://www.wsfoundation.org/sslpage.aspx?pid=745)

This scholarship focuses on North Carolina high school graduates from Elkins High School who intend to major in mathematics or engineering. Eligible major include: Accounting, Computer Science, Business Administration, Civil Engineering, Chemical Engineering, etc.)

17

Tennessee - Scarlett Family Foundation Scholarship

Amount: $2,500 - $15,000 per academic year
Application Deadline: December 15
Link: (https://www.scarlettfoundation.org/students/)

These awards are for high school seniors and college underclassmen. Eligible applicants must have graduated from a Middle Tennessee High school in one of the designated counties. Applicants must demonstrate need and plan to pursue a business degree at a four-year college.

18

Texas - Fifth Year Accounting Student Scholarship Program

Amount: Up to $5,000
Application Deadline: September 17
Link: (http://www.collegeforalltexans.com/apps/financialaid/tofa2.cfm?ID=402)

This state scholarship program aims to increase the number of Texas accountants. The state supports efforts to increase the supply of accountants because professional services help grow the state economy. Eligibility requires Texas residency and enrollment at a public or private college or university in Texas including participating community colleges.

19

Washington - AFWA Scholarship Bellevue Chapter

Amount: $3,000
Application Deadline: June 15
Application Link: (http://www.bellevueafwa.org/scholarships/)

The AFWA awards scholarships to students attending schools in the Puget Sound Region. Eligible subjects are accounting degrees, the CMA, and CPA study. Qualified applicants must have basic coursework in accounting and demonstrate an aptitude for an accounting or finance career.

20

Washington - Educational Foundation for Women in Accounting

Amount: $1,000 (Varies for undergraduate/graduate)
Application Deadline: Various
Link: (https://www.efwa.org/scholarships.php)

The EFWA provides a variety of scholarships depending on your level of education. Each one has various deadlines and requirements. See the website for more information.