Accounting Scholarships

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Paying for School through Scholarships

Going to school for an accounting degree can be an expensive journey. While some online programs offer degrees for as little as $1500 per semester, traditional programs can range upwards of $12,000 per semester. That’s a lot of money. A lot of families can’t even think about school without financial aid.

Fortunately, there are a lot of scholarships available out there for students that can stand out and m ake a case for themselves. Many of these scholarships are geared towards students that plan on earning their CPA credentials, but since this is a route that most students end up taking, it’s a great opportunity.

One of the best sites and your first resource for looking for accounting related scholarships should be This Way to CPA. This fantastic website is a great repository of scholarships, tips for taking the exam, and tips for making it in the accounting career. In fact, the only way to apply to some scholarships is through this website, so be mindful of that. An account with the site is completely free and can help you keep track of the scholarships you might be interested in.

Beyond that, our list of scholarships and scholarship databases for student scholarships from all economic backgrounds and ethnicities.

Do not stop your search for scholarship money for your traditional or online accounting program here. You should search for accounting scholarships online to find more national, regional, and state scholarship opportunities. You should also contact your employer if you are already working in an accounting-related position, such as a clerk or a bookkeeper, to inquire about potential sponsorship for your education.

Identify Trends in Accounting Scholarships

Accounting scholarships are primarily provided by professional accounting associations and universities. Professional accounting associations often focus on specific states or regions. An association of accountants in Washington, for example, is more likely to provide accounting scholarships to students attending universities in Washington than to students across the country. There are some professional associations for which location is less of a concern. These professional associations focus on specific branches of the accounting field or underrepresented groups like women or certain ethnic minorities.

Most accounting majors are eligible for accounting scholarships. Although specialized scholarships for fields like forensic accounting or taxation do exist, they are the exception and not the rule. Because most accounting scholarships are open to all accounting majors, these scholarships are competitive, and you will need to maintain strong academic performance in order to receive funding. This funding saves you a great deal of money in the long term, especially if you manage to receive renewable scholarships or high-value awards, so make sure to apply for as many scholarships as you can.

Accounting Scholarships

General Scholarships:

  • Chegg.comA repository of over $1 billion in student awards. Providing your personal details helps Chegg identify personalized matches that suit your needs. Available to all students in high school, college, grad school and beyond, Chegg is also an important educational tool and a place to get help with finding the right school, textbooks, and even classwork.  
  • Fastweb.com Fastweb is a leading online resource in finding the right scholarships to help you get through school. Fastweb goes beyond just scholarship help and provides tips on dealing with the complicated mess of financial aid while assisting students with their end goal of getting a job.
  • ScholarshipPoints.comScholarship Points is a different approach to scholarships. This site has students earn points by filling out surveys, filling out scholarship application, test products, and more simple activities to earn points that can be used to enter drawings for free scholarships. It’s like getting double the amount of chances to win a scholarship.
  • Cappex.comOne of the oldest scholarship repositories in the game, Cappex has a database of more than $11 billion of awards. On top of being a powerful scholarship tool, Cappex also ranks colleges and universities and provides reviews from college students about different schools academic life, extracurricular activities, and campus life.
  • Scholarships.comScholarhips.com’s slogan is: “You Find Money. Colleges find You.” With 3.7 million scholarships and grants worth over $19 billion, scholarships.com is poised to help make paying for college easier.

AICPA Scholarships

The AICPA is the governing body and organization for Certified Public Accountants in the United States. They are the rule-making and standard setting body for CPAs and are incredibly influential in setting accounting policies. Because of their role in accounting in the United States, they have a vested interest in how the rising generation does in school—better students result in better accountants later on.

  • AICPA/Accountemps - Student Scholarship Award – A whopping $10,000 scholarship, four of these awards are offered to students that participate in the AICPA Legacy. The AICPA is the primary licensing board for the CPA exam, and they do offer a wide range of scholarships for students with minority backgrounds, liberal arts backgrounds, and more. Search their website for more information.
  • AICPA Fellowship for Minority Doctoral Students – This scholarship is for doctoral candidates working towards their PhD and is worth $12,000 per year. In particular, applicants for this scholarship must be of Black or African American, Hispanic or Latino, or Native American ethnicity. Applicants must also be a CPA or be planning on pursuing the CPA credential.
  • AICPA John L Carey Scholarship Award —This scholarship provides assistance to liberal arts and non-business related degree holders seeking graduate studies in accounting and the CPA certification. This award is worth $5,000 per year, but applicants must not have had more than 12 credit hours of business or accounting classes in their undergraduate program.
  • AICPA Scholarship for Minority Accounting Students—This scholarship is worth $5,000 and is for minority students looking to obtain an undergraduate education and pursue the CPA. Applicants must be a full-time undergraduate or graduate accounting student, belong to an underrepresented minority group in the accounting profession and have at least 30 credit hours of college coursework with at least 6 credits in accounting.

Regional Scholarships

  • NABA Atlanta (National Association of Black Accountants) 

Accounting Career Awareness Program – Offered by the National Association of Black Accountants Atlanta Chapter, this scholarship is an opportunity for sophomore, junior, or senior high school students with a 3.0 GPA to reside on the campus of Emory University in Atlanta for 5 days and learn about the different careers in Business Administration, Accounting and Finance. Participants will have the opportunity to tour different colleges and universities of the Atlanta area, and network with Atlanta’s own Fortune 500 companies.

    • National Association of Black Accountants
      Career Awareness Program – Many of the NABA chapters in major financial cities have a version of this career awareness program.  It’s a great opportunity for high school students to really understand and get to know what the accounting field is all about.
    • California Society of CPAs
      Chapter Scholarships – If you’re a student looking to be a CPA in the state of California, then this is the resource for you. Each chapter of the California Society of CPAs has its own criteria for scholarships, but there are a number of different scholarships available to students in various regions of the state.
      Doctoral Scholarship Program – A scholarship for doctoral candidates in the state of California worth $10,000.
    • CTCPA (Connecticut CPA)
      Scholarships (Educational Trust Fund) – The CTCPA is dedicated to helping the next generation of accounting students become successful members of the workforce. To this end they have set up an Educational Trust Fund to help students in their education. These scholarships range from $1500 for sophomores, to $5000 for juniors and seniors. These scholarships are designed to help Connecticut students at various points of their studies.
    • Florida Board of Accountancy
      Clay Ford Scholarship – To help encourage students to stay in school for a CPA qualifying fifth year, the Florida Board of Accountancy offers $200,000 in scholarships every year to minority students that are residents of the state of Florida.
    • Georgia Society of CPAs
      The Educational Foundation of the Georgia Society of CPAs Scholarships – The Georgia Society of CPAs supports a number of scholarships to be given to potential CPA candidates in the state of Georgia. Candidates can be junior or senior undergraduate students as well as graduates students enrolled in a master’s business administration or accounting program.
    • ICPAS (Illinois CPA Society)
      Herman J. Neal Scholarships – From the Illinois CPA Society this scholarship supports African American students. The scholarships awards up to $4000 for students in their junior or senior year, or in their additional year of schooling to obtain their CPA credential.

 

  • Michigan Associations of CPAs
    Michigan Accountancy Foundation – The MAF Scholarship program provides financial support for fifth year and graduate accounting students aspiring to the CPA certification. Each year $3000 is offered to students who intend on remaining in Michigan to be a CPA.  

 

  • New Jersey CPAs
    Four Year Scholarships – This is one of the best scholarships we’ve seen at Online-Accounting-Degrees.org. These $7,000 scholarships are presented over four years of school and are open to New Jersey high school seniors planning on majoring in accounting.
  • South Dakota CPA Society
    Accounting Program Completion Scholarship – This scholarship is for students that are nearing the completion of 150 credit hours required for the CPA. Students are required to become a member of the South Dakota CPA society and sit for a minimum of three parts of the CPA exam a year for two years or until completed.  Valued at $7,500 these scholarships are a great incentive for students in South Dakota that know their career path.
  • College for All Texans

Fifth Year Accounting Student Scholarship Program –  Like the name suggests, this scholarship is for students that have already completed 120 credit hours of college coursework and are embarking on their fifth year of school. The idea here is to support students that are going to take the CPA exam in the state of Texas.

  • Washington Society of Certified Public Accountants
    Accounting Student Scholarships – The Washington CPA foundation offers more than $200,000 in scholarships to accounting students attending college or university in the state of Washington. A wide range of scholarships are available to students of all levels (Juniors to PhD candidates) as well as community college transfers. These scholarships are generally $5,000.

Organizational Scholarships

  • EFWA (Educational Foundation for Women in Accounting)
    Laurels Fund ScholarshipsFrom the Educational Foundation for Women in Accounting, the Laurels Fund was established in 1978 to provide scholarships for female students pursuing an advanced degree in accounting. Scholarships up to $5000  are awarded to PhD students.
  • ALPFA (The Association of Latino Professionals for America)
    Academic Scholarships – The Association of Latino Professionals for America offers academic scholarships for students ranging from $2000 – 10,000.
  • NSA (National Society of Associations)
    NSA Scholarship Foundation – The National Society of Accountants (yeah not the other NSA) provides scholarships for undergraduates enrolled in accounting programs at accredited schools.
  • ACFE (Association for Certified Fraud Examiners)
    Ritchie Jennings Memorial Scholarship Program – This scholarship offered by the Association for Certified Fraud Examiners offers amounts ranging from $1,000 to $10,000 to its lucky recipients, paid directly to their university. This award is generally granted to students looking to advance their education and enter an anti-fraud career path.
  • GFOA (Government Finance Officers Association)
    Daniel B. Goldberg Scholarship – $13,000 scholarship awarded to graduate students enrolled full-time in a master’s program preparing for a career in state and local government finance.
    Frank L Greathouse Government Accounting Scholarship – The Government Finance Officers Association is keenly interested in raising new generations of accountants. Awareded to students that are planning on a career in government accounting, this scholarship offers $7,000 to its recipients.
  • KPMG Foundation
    Minority Accounting Doctoral Scholarships – The KPMG Foundation offers this scholarship of $10,000 to help minorities in their academic careers. The idea here is to help increase the completion rate of African-American, Hispanic American, Native American doctoral students. This scholarship is part of KPMG’s PhD project—an effort to increase the diversity of business school faculty.
  • OADP (Online Accounting Degree Programs)
    Online Accounting Degree Programs Scholarship – A $1500 scholarship for undergraduate students looking to earn a degree in accounting. Generally offered twice a year.
  • PCAOB (Public Company Accounting Oversight Board)
    Academic Scholarship Program – As part of the statutes under the Sarbanes-Oxley Act of 2002, monetary penalties imposed by the PCAOB are used to fund scholarships for students in accounting programs. Students that are in bachelor’s, master’s degree programs can qualify for these scholarships—tough the criteria depends on the placement of a student’s school.  Your school will have more information about this scholarship.
  • SILA Foundation (Securities and Insurance Licensing Association)
    Post-Secondary College Scholarship – The Securities and Insurance Licensing Association Foundation usually offers 10 $2500 scholarships for students enrolled in business, education, finance or accounting, marketing, mathematics or insurance studies.

Accounting Scholarships for Women

  • EFWA (Educational Foundation for Women in Accounting)
    Laurels Fund ScholarshipsFrom the Educational Foundation for Women in Accounting, the Laurels Fund was established in 1978 to provide scholarships for female students pursuing an advanced degree in accounting. Scholarships up to $5000  are awarded to PhD students.
  • AFWA (Accounting & Financial Women’s Alliance)
    AFWA ScholarshipsThe Accounting & Financial Women’s Alliance primary mission is to help women achieve success in their careers. To this end, there are a number of undergraduate, master’s and PhD scholarships available for students.
  • Executive Women International
    Executive Women International Scholarship Program – The EWISP has been recognized by Money Magazine as one of the top 12 scholarships in the United States. High school students can apply at the chapter level to compete for more than $200,000 in college scholarship money every year.
  • AAUW (American Association of University Women)
    Fellowships and Grants– The American Association of University Women has been sponsoring women through college and into their professional careers for more than 100 years, providing more than 241 fellowships and grants to outstanding women. They have a wide variety of grants and fellowships that apply to a number of different criteria including academic pursuits, community action, international study, and career development.
  • Soroptimist – Best for Women
    Live Your Dream: Education and Training Awards for Women – These awards assist women by providing them resources needed to improve their education, skills, and employment prospects. These grants are awarded to women who have overcome enormous obstacles in their lives including poverty, domestic violence, and substance abuse.  Awards are given at the club level of either $3,000 or $5,000 and then at the regional level of $10,000.
  • Patsy Takemoto Mink Education Foundation
    Education Support Award – This scholarship was founded by the former Hawaiian congresswoman and is awarded to women who face severe financial need. The criteria for this scholarship are quite strict, requiring applicants to be at least 17 years old, a mother with minor children, and be of a low-income family.
  • The Educational Foundation for Women in Accounting: IMA Scholarship is a $2000 scholarship for female undergraduate students who are pursuing a bachelor’s degree in accounting. This scholarship is only awarded to two women. Award winners also receive a one-year membership to the IMA, a complimentary CMA exam entrance, and complimentary Part 1 and Part 2 CMA exam registrations.
  • The $1000 Michele L. McDonald Memorial Scholarship is not strictly for women but women who are returning to college after working or raising children are given preference.This scholarship is provided as a support to accounting students.

Accounting Scholarships for Minorities

  • AICPA – American Institute for CPAs
    AICPA Scholarship for Minority Accounting Students— This scholarship is worth $5,000 and is for minority students looking to obtain an undergraduate education and pursue the CPA. Applicants must be a full time undergraduate or graduate accounting student, belong to an underrepresented minority group in the accounting profession and have at least 30 credit hours of college coursework with at least 6 credits in accounting.
  • AICPA – American Institute for CPAs
    AICPA Fellowship for Minority Doctoral Students– This scholarship is for doctoral candidates working towards their PhD and is worth $12,000 per year. In particular, applicants for this scholarship must be of Black or African American, Hispanic or Latino, or Native American ethnicity. Applicants must also be a CPA or be planning on pursuing the CPA credential.
  • KPMG Foundation
    Minority Accounting Doctoral Scholarships – The KPMG Foundation offers this scholarship of $10,000 to help minorities in their academic careers. The idea here is to help increase the completion rate of African-American, Hispanic American, Native American doctoral students. This scholarship is part of KPMG’s PhD project—an effort to increase the diversity of business school faculty.
  • NABA Atlanta (National Association of Black Accountants)
    Accounting Career Awareness Program – Offered by the National Association of Black Accountants Atlanta Chapter, this scholarship is an opportunity for sophomore, junior, or senior high school students with a 3.0 GPA to reside on the campus of Emory University in Atlanta for 5 days and learn about the different careers in Business Administration, Accounting and Finance. Participants will have the opportunity to tour different colleges and universities of the Atlanta area, and network with Atlanta’s own Fortune 500 companies.
  • National Association of Black Accountants
    Career Awareness Program – Many of the NABA chapters in major financial cities have a version of this career awareness program.  It’s a great opportunity for high school students to really understand and get to know what the accounting field is all about.
  • Florida Board of Accountancy
    Clay Ford Scholarship – To help encourage students to stay in school for a CPA qualifying fifth year, the Florida Board of Accountancy offers $200,000 in scholarships every year to minority students that are residents of the state of Florida.
  • ALPFA (The Association of Latino Professionals for America)
    Academic Scholarships – The Association of Latino Professionals for America offers academic scholarships for students ranging from $2000 – 10,000.
  • Moss Adams Foundation scholarship is available to minority women who are pursuing or want to pursue a bachelor’s degree in accounting. This foundation offers a $1000 award for educational expenses.
  • The Clay Ford Scholarship is for minority students majoring in accounting, including women of any ethnicity. Students must be enrolled full-time in their fifth year of study at a higher education institution in Florida. Scholarship awards range between $3000-$6000.