Scholarships for Accounting Students

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Updated September 27, 2024

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Accounting scholarships offer financial aid for students of all levels, including first-year learners and Ph.D. student researchers. Discover dozens of scholarship opportunities exclusively for accounting students.

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Scholarships are a type of free financial aid that helps students cover tuition and the cost of books, equipment, and fees — no repayment required. Anyone can apply for scholarships, but many scholarships focus on individual majors, like accounting.

According to the U.S. Department of Education (ED), accounting ranked as one of the top 20 associate degrees with the highest median student loan debt in 2022. Students who held a bachelor's or master's in accounting reported a median debt of over $24,000 and $28,200, respectively.

Accounting scholarships can help reduce this debt and make an undergraduate or graduate accounting degree more accessible. Organizations, schools, and businesses — usually those involved in the accounting profession — offer awards ranging from $500 to $15,000. Some scholarships cover the certified public accountant (CPA) or certified management accountant (CMA) exam fees.

These scholarship programs typically select recipients based on financial need, academic achievement, identity, or location — or a combination of these factors, as shown in the list of accounting scholarships below. Explore more than 30 scholarships for accounting students at all degree levels, and learn how to apply.

Tips for Finding and Applying for Accounting Scholarships

  • Start Early

    Organizations open scholarship applications at different times throughout the year. Look for award options about a year in advance to avoid missing a deadline. Visit websites like College Board, Fastweb, and Scholarships.com for business and accounting scholarships.
  • Make a List

    Stay organized by listing all applicable scholarships, application deadlines, and submission requirements. Narrow your search by reviewing degree-specific and identity-based awards.
  • Consider All Scholarship Options

    Scholarships range from a few hundred dollars to complete tuition coverage. While the large awards may seem more appealing, small awards can add up quickly and make a significant difference to your out-of-pocket expenses.
  • Prepare Materials

    Allow plenty of time to collect and prepare all required application materials, including transcripts, resumes, and personal essays. Ask for recommendation letters well before the deadline so professors and employers have enough time to write them.
  • Customize Applications

    Scholarships differ greatly. Each one might focus on a unique professional or personal theme. Ensure each essay, letter, and resume reflects those differences and highlights relevant experience.
  • Check Your Work

    Take time to carefully review each application. Consider writing essays outside the online application form so a friend, mentor, or teacher can review and proofread them.

Types of Scholarships for Accounting Students

Because scholarships break down into different categories, students can improve their searches and organize their applications by dividing scholarship programs into groups based on their classifications and requirements. Many scholarships may fall into multiple categories. Read about some of the major categories below.

Some organizations and private donors establish scholarships to promote specific fields within accounting, such as management accounting, financial accounting, cost accounting, and forensic accounting. These scholarship programs may require applicants to specialize in these disciplines or pursue careers in their respective fields.

Students at all levels can access scholarships, but many programs limit applications to learners pursuing specific types of degrees. Whether students pursue accounting certificates, associate degrees, bachelor's degrees, master's degrees, or Ph.D.s in accounting, they can find scholarships for their education level.

Most scholarship programs' requirements are based on enrollment status. Some require applicants to attend school full time, while others support part-time and nontraditional students. Online students and distance learners may find scholarship programs created specifically for them.

Many organizations, companies, and associations offer scholarships for underrepresented populations like women and people of color. These scholarship programs often look for students in specific programs to increase representation in these fields.

Military scholarships typically support current and veteran military professionals in their pursuit of higher education. Some of these programs look to recruit future service professionals by providing financial aid to promising students in military-related disciplines.

Students can also apply for school-specific scholarships to help fund their education. Similar to the categories above, many school-specific scholarships have additional requirements that focus on certain groups of candidates. For example, some universities might offer aid specifically for accounting students. Look on the financial aid page and, if applicable, the business school website. A few examples include:

Many corporations set up scholarship programs to help current and aspiring students fund their education. These programs often award scholarships to students pursuing degrees in specific fields.

  • Contact nearby accounting firms to inquire about scholarship opportunities. Some, like McKonly & Asbury, offer scholarships to accounting students at local colleges and universities.
  • The Deloitte Foundation partners with schools nationwide to provide accounting scholarships.

Groups like the Teachers of Accounting at Two-Year Colleges (TACTYC) and the Public Company Accounting Oversight Board (PCAOB) award scholarships to undergraduate and graduate accounting students.

Organizations and associations offer many scholarship opportunities to reward promising applicants in their respective fields. In many cases, applicants must become association members. These groups often award multiple scholarships each year.

Some organizations offer finance and accounting scholarships for students interested in entering the public sector. For example, the Government Finance Officers Association (GFOA) awards scholarships to finance, business administration, public administration, economics, and accounting students preparing for careers in state or local government.

Geographical scholarships can come from several sources, such as specific chapters of organizations or professional associations. Private donors can establish these programs for local students. State or local governments also may create their own scholarships. Applicants may need to graduate from schools in the region, currently reside in the area, or attend schools in that location.

Accounting Scholarship Directory

The directory below contains a list of accounting scholarships. Click on the scholarship links to learn more about the program and application details for each award.

Academic Research Grant Program

As part of the IMA Research Foundation, the Academic Research Grant Program funds research projects related to management accounting topics such as planning and decision support. Applicants must present a complete proposal that includes a cover letter, primary content including objectives and methodology, timeline expectations, and the researcher's background. Upon approval, grant recipients must become IMA members within 60 days.

  • Applicants must meet these requirements: Be a full-time faculty member at an accredited institution or industry practitioner with applicable research experience, certification, or credentials; have an innovative research proposal
  • Award: Varies

AICPA Foundation CPA Exam Scholarship

Funded by the Controllers Council, this AICPA scholarship helps address the CPA shortage by covering some licensure costs. Applicants must provide a copy of the exam's Notice to Schedule and any proof of purchase for preparatory courses and materials. The AICPA awards 75 students up to $1,000 in reimbursements for these expenses.

  • Applicants must meet these requirements: Be an AICPA member ready to take the CPA license exam; be a U.S. citizen or permanent resident; supply a copy of Notice to Schedule for the CPA exam; express financial need
  • Award: Up to $1,000
  • Deadline: Sept. 30

AICPA Foundation Fellowship for Accounting Doctoral Students

This fellowship opportunity combines three prior AICPA Foundation awards: the AICPA Fellowship for Minority Doctoral Students, the William Ezzell Scholarship, and the Accounting Doctoral Students program. The AICPA selects multiple awardees annually, prioritizing applicants from historically underrepresented ethnic groups. Recipients may be able to renew the $15,000 fellowship for up to three consecutive years by showing program progress and proof of enrollment.

  • Applicants must meet these requirements: Be a current or potential enrollee in Association to Advance Collegiate Schools of Business (AACSB)-accredited accounting doctoral program; be a full-time student with at least one year left in their program; hold a CPA license; express written intent to work in academia; express financial need; be a U.S. citizen or permanent resident
  • Award: $15,000
  • Deadline: June 15

AICPA Foundation Scholarship for Future CPAs

The AICPA awards this nonrenewable scholarship to 26 aspiring CPAs, primarily full-time undergraduate and graduate students. Part-time enrollees completing the CPA license work experience requirements can still apply, but they must meet two extra requirements: a letter of recommendation from an accounting professor and proof of employment. All candidates must complete the free AICPA Student Affiliate registration and present transcripts that show completion of 30 college credits, including at least six accounting credits.

  • Applicants must meet these requirements: Be a full-time undergraduate or graduate accounting student pursuing a CPA license; maintain a minimum 3.0 GPA; express financial need; be a U.S. citizen or permanent resident; be an AICPA Student Affiliate member
  • Award: $3,000-$10,000
  • Deadline: March 15

AICPA Foundation Two-Year Transfer Scholarship

Since 2013, the AICPA has offered the Two-Year Transfer Scholarship to support the different paths to CPA licensure. The program awards scholarships to 40 students who want to transfer from a two-year program — not necessarily in accounting — to a bachelor's degree program in accounting or a related field and pursue CPA licensure. Applicants must join the AICPA as Student Affiliate members to qualify for this nonrenewable scholarship.

  • Applicants must meet these requirements: Be a full-time student in a two-year program; declare intent to switch to a four-year accounting or accounting-related program and pursue a CPA license; maintain a minimum 3.0 GPA; be an AICPA Student Affiliate member; be a U.S. citizen or permanent resident; express financial need
  • Award: $5,000
  • Deadline: March 15

AICPA/PCPS George Willie Ethnically Diverse Student Scholarship

The AICPA Private Companies Practice Section (PCPS) and the AICPA Foundation jointly offer this scholarship to 10 students annually in honor of George Willie, an advocate for ethnically diverse business students. Applicants must identify as part of a historically underrepresented ethnic group in the accounting industry and plan to become a CPA. While open to both undergraduate and graduate accounting students, candidates must have completed 30 college credits, including six in accounting.

  • Applicants must meet these requirements: Be a full-time undergraduate or graduate accounting student pursuing CPA licensure; maintain a minimum 3.0 GPA; identify as part of a historically excluded ethnic group; be a U.S. citizen or permanent resident; be an AICPA Student Affiliate member; express financial need
  • Award: $10,000
  • Deadline: March 15

AICPA Scholarship for Minority Accounting Students

The AICPA created this scholarship in 1969 and has since awarded over $14.6 million to help increase representation in the accounting profession. Each year, 60 students from historically underrepresented ethnic groups receive awards of up to $10,000. Candidates must maintain a minimum 3.0 GPA, especially if interested in renewing the scholarship.

  • Applicants must meet these requirements: Be a full-time undergraduate or graduate accounting student pursuing CPA licensure; maintain a minimum 3.0 GPA; identify as part of a historically excluded ethnic group; be an AICPA Student Affiliate member; be a U.S. citizen or permanent resident; express financial need
  • Award: $3,000-$10,000
  • Deadline: March 15

American Dream Scholarship

The American Dream Scholarship offers a one-year award to a woman currently attending a two-year community college and hoping to transfer to a four-year college to enter an accounting program. Candidates of any ethnicity can apply, but the EFWA created this scholarship mainly to support women from Latina, Black, and Indigenous American populations. The award includes mentoring support.

  • Applicants must meet these requirements: Be a female student enrolled in a two-year community college and hoping to transfer to a four-year college to enter an accounting program; be a U.S. citizen or permanent resident; have demonstrated accounting and business aptitude; express financial need
  • Award: $1,000
  • Deadline: March 30

Carol Markman, CPA Accounting Scholarship

In honor of Carol Markman, its prior president, the National Conference of CPA Practitioners (NCCPAP) offers $1,000 to current student members or lineal descendants of active members. Candidates must submit proof of enrollment in an accounting or accounting-related program and a minimum 3.0 GPA. The NCCPAP also requests two recommendation letters from professors and a short personal essay.

  • Applicants must meet these requirements: Be an upper-class or graduate accounting student; be an NCCPAP member or descendent of an NCCPAP member; maintain a minimum 3.0 GPA; be a U.S. citizen or resident
  • Award: $1,000

CMA Doctoral Scholarship Program

The IMA accepts applications to its CMA Doctoral Scholarship Program year-round. Candidates must create an IMA account and prove enrollment in an accounting doctoral program with a concentration in management accounting or financial management. This scholarship does not require U.S. citizenship, instead welcoming applications from students in any globally accredited program. Recipients receive a benefits package that financially supports them on the path to becoming a CMA.

  • Applicants must meet these requirements: Be a doctoral accounting student pursuing a concentration in management accounting or financial management
  • Award: Coverage for CMA exam registration and entrance fees, exam support package, and three-year IMA student membership
  • Deadline: Ongoing

CMA Scholarship Program

The IMA has awarded over 29,000 CMA scholarships globally, supporting high-achieving accounting and business students as they prepare for the CMA exam. Candidates cannot apply for the scholarship; instead, their school's faculty must nominate them. Accredited colleges and universities can nominate up to five bachelor's or master's degree program enrollees per academic year.

  • Applicants must meet these requirements: Be a full-time undergraduate or graduate student in an accredited accounting or business program
  • Award: Coverage for CMA exam registration and entrance fees, exam support package, review materials, and three-year IMA student membership
  • Deadline: Ongoing

Deloitte Foundation Accounting Scholars Program

The Deloitte Foundation's Accounting Scholars Program covers one year of tuition costs for graduate accounting students enrolled in one of the 24 participating schools listed on the scholarship website. Eligible degree programs include a fifth-year master of accounting program, master of tax, and master of accounting. The program accepts but does not require concentrations in advisory, tax, and audit. Candidates must apply to their school of choice and then apply for the scholarship through the school.

  • Applicants must meet these requirements: Be an enrollee in a master of tax or accounting program at a participating school; maintain a minimum 3.0 GPA
  • Award: One year of tuition

Doctoral Scholars Program

The IMA Research Foundation created the Doctoral Scholars Program to boost the number of management accounting professors. It offers three levels of funding: Stage I (up to $2,000), Stage II (up to $3,000), and Stage III (up to $10,000). Doctoral students can apply for each funding stage as they progress through their coursework and research. IMA prioritizes applications from students who have previously received funding.

  • Applicants must meet these requirements: Be an accounting doctoral student seeking research funding; provide an explanatory letter from the student and a recommendation letter from the director of the graduate program; supply a research proposal or working paper; provide a detailed funding request (for Stage III applicants)
  • Award: Up to $10,000
  • Deadline: Ongoing

EFWA Global Undergraduate Scholarship

All EFWA awards require U.S. citizenship — except the Global Undergraduate Scholarship. This one-year award caters exclusively to non-U.S. citizens studying accounting at an accredited U.S. school. Eligible candidates include women either entering their first year in a bachelor's degree program or returning to school to complete a degree program.

  • Applicants must meet these requirements: Be a emale first-year accounting student or returning adult learner in a bachelor's degree program; be a non-U.S. citizen; have proven accounting and business aptitude; express financial need
  • Award: $1,500
  • Deadline: March 30

EFWA Graduate Scholarship

Women enrolled in an advanced accounting degree program can apply for the one-year EFWA Graduate Scholarship. Applicants must prove financial need and an ongoing commitment to becoming a finance or accounting professional. To strengthen their applications and prove accounting aptitude, students can submit transcripts, resumes, and evidence of professional accounting goals.

  • Applicants must meet these requirements: Be a female student in a graduate accounting degree program; demonstrate financial need; have proven business and accounting aptitude and goals; be a U.S. citizen
  • Award: $1,500
  • Deadline: March 30

EFWA Undergraduate Scholarships

Women beginning a bachelor's degree in accounting, either as first-year students or returning adult learners, can apply for this one-year scholarship. The EFWA offers three awards each year to applicants dedicated to becoming a finance or accounting professional. Applicants must attend an accredited U.S. school and explain their personal and professional goals.

  • Applicants must meet these requirements: Be a female first-year accounting student or returning adult learner in a bachelor's degree program; have proven accounting and business aptitude; express financial need; be a U.S. citizen
  • Award: $1,500
  • Deadline: March 30

Frank L. Greathouse Government Accounting Scholarship

The GFOA established the Frank L. Greathouse Government Accounting Scholarship in 1987 to promote governmental accounting careers. Only upper-level undergraduate and graduate accounting students can apply for this nonrenewable scholarship. The GFOA does not require prior work experience but requests a recommendation letter that proves the applicant's dedication to the public sector. Recipients cannot reapply for the scholarship or any other GFOA awards.

  • Applicants must meet these requirements: Be a full-time, upper-level undergraduate or graduate accounting student; express interest in the public sector; be a U.S. or Canadian citizen or permanent resident
  • Award: $10,000
  • Deadline: Dec. 30

IMA Century Scholarship Award

The IMA offers its Century Scholarship Award to two active student members with leadership and volunteering experience. Awardees receive funding and a CMA exam benefits package, which includes coverage of fees and review materials. Since applicants must sit for at least one part of the CMA exam before finishing their degree, the IMA only offers the scholarship to undergraduate seniors and graduate students. Candidates must submit a recommendation letter from a professor, a resume, transcript, and two short essays.

  • Applicants must meet these requirements: Be an active IMA member and part- or full-time graduate student or undergraduate senior in an accounting program; maintain a minimum 3.5 GPA; demonstrate leadership experience; express interest in financial management, management accounting, or information technology; plan to take CMA exam
  • Award: $7,500 plus CMA exam registration and entrance fee reimbursement, exam support package, review materials, and three-year IMA student membership
  • Deadline: March 29

IMA Graduate Scholarship

In partnership with the IMA, the EFWA offers a one-year scholarship to a woman working toward an advanced accounting degree. The award combines the standard $1,500 cash award from the EFWA graduate scholarship with the CMA exam package offered by the IMA. Recipients must use the CMA exam entrance and registration funds within two years.

  • Applicants must meet these requirements: Be a female student pursuing a graduate accounting degree; be a U.S. citizen; have proven business and accounting aptitude; express professional accounting goals and financial need
  • Award: $1,500 plus one-year IMA student membership and coverage for CMA exam entrance and registration fees
  • Deadline: March 30

IMA Incubator Grant Program

The IMA Incubator Grant Program funds proof-of-concept projects that explore management accounting research ideas. The grant helps both entry-level researchers — like Ph.D. students — secure initial funding and experienced researchers complete feasibility investigations. At the end of the year-long project, recipients must complete a 3,000-word report. They can request extra funding through other IMA Research Foundation grants.

  • Applicants must meet these requirements: Be a researcher from a variety of backgrounds (doctoral students, experienced researchers, accounting practitioners, etc.); provide a preliminary research proposal
  • Award: Up to $5,000
  • Deadline: Jan. 31

IMA Undergraduate Scholarships

The IMA funds these two EFWA scholarships, available exclusively to women enrolled in a bachelor's degree program in accounting. In addition to the cash award of either $1,500 or $2,000, awardees receive the IMA's CMA scholarship. This package includes exam preparation materials and fee reimbursements available for up to two years.

  • Applicants must meet these requirements: Be a female undergraduate accounting student in a bachelor's degree program; have proven accounting and business aptitude; express financial need; be a U.S. citizen
  • Award: $1,500 or $2,500, plus one-year IMA student membership and coverage for CMA exam entrance and registration fees
  • Deadline: March 30

Laurels Scholarship

Founded in 1978, the Laurels Scholarship offers one-year awards to women pursuing a Ph.D. in accounting. The EFWA distributes funds, selecting recipients based on financial need, volunteer experience, and academic and research achievements. Applicants should submit transcripts, a resume, any published articles or case materials, a personal statement, and two recommendation letters. Scholarship recipients may be asked to attend accounting conferences.

  • Applicants must meet these requirements: Be a female student in a doctoral accounting program; express financial need; have proven volunteer or service experience; show proof of academic and research achievements
  • Award: $3,000
  • Deadline: April 15

NABA Foundation Scholarships

The NABA Foundation aims to remove barriers that aspiring Black business leaders face. It awards around 150 scholarships to its student members annually through opportunities like the Barry C. Winters, CPA Memorial Scholarship and several region-specific awards. Applicants must submit a transcript, online application, and a 250-word essay. NABA expects scholarship recipients to attend its national convention to receive the award in person.

  • Applicants must meet these requirements: Identity as African American or Black; be an active NABA member; be enrolled in an accredited two- or four-year university; display academic excellence
  • Award: $1,000-$10,000

NSA Educational Tree Scholarship

The NSA offers its two Educational Tree Scholarships annually to lineal descendants of current NSA members, including children, stepchildren, grandchildren, and step-grandchildren. Alternatively, applicants can use their own membership to qualify. The $500 award goes to a student in an associate degree program, while the $1,000 scholarship goes to a bachelor's degree enrollee. All recipients must have completed the first year of their accounting or business program.

  • Applicants must meet these requirements: Be a full-time accounting or business student in a certificate, associate, or bachelor's degree program; be an NSA member or a lineal descendant of an NSA member who has been a member for at least five years
  • Award: $500 or $1,000
  • Deadline: April 30

NSA Scholarship Foundation Program

Besides its two awards exclusively for members and member relatives, the NSA offers several general scholarship opportunities for undergraduate accounting students. These nonrenewable awards can help pay for tuition, books, equipment, and fees at any accredited nonprofit two- or four-year school. The NSA considers work experience, student goals, community involvement, academic achievement, and financial need when selecting scholarship recipients. Applicants must have completed their first year of a bachelor's degree program or first semester of an associate degree program.

  • Applicants must meet these requirements: Be a part- or full-time undergraduate accounting student; maintain a minimum 3.0 GPA; be a U.S. or Canadian citizen (or a permanent resident in Arizona)
  • Award: $500-$2,000
  • Deadline: April 30

PCAOB Scholars Program

The PCAOB offers this merit-based scholarship program to support potential auditors, especially those with financial need and those who are members of historically underrepresented populations. Eligible institutions — generally those with regional and AACSB accreditation — can nominate high-achieving accounting students at the undergraduate or graduate level. Recipients may use the funds for tuition, fees, equipment, and books.

  • Applicants must meet these requirements: Be an enrollee in an undergraduate or graduate accounting degree program at an approved institution; demonstrate high ethical standards and an interest in auditing; hold a minimum 3.3 GPA or be in the top third of their class; express financial need; may not be a PCAOB employee or employee's relative
  • Award: $15,000

Stanley H. Stearman Award

In honor of its retired executive vice president, the NSA offers the Stanley H. Stearman Award to relatives of active or retired NSA members. Applicants must major in accounting and have completed at least one year of study (or one semester, for associate degree program students). Awardees can renew the scholarship annually, not to exceed three years, even if they move into a graduate program.

  • Applicants must meet these requirements: Be an undergraduate accounting major and relative of active or retired NSA member who has been a member for at least one year
  • Award: $2,000 annually for up to three years
  • Deadline: April 30

Stuart Cameron and Margaret McLeod Memorial Scholarship

Sponsored by the Stuart Cameron McLeod Society, this scholarship celebrates one IMA member's academic merit and personal integrity. Applicants must submit a one-page resume, transcript, two 300-word essays, and a recommendation letter with their online application. The award recipient must remain proactively involved in the IMA and present a transcript to receive second-semester funds.

  • Applicants must meet these requirements: Be an IMA student member; be a part- or full-time student in an accounting program at an accredited institution; maintain a minimum 3.0 GPA; express interest in financial management, management accounting, or information technology; plan to take CMA exam
  • Award: $5,000 plus two free conference registrations, up to $1,000 toward travel and lodging for either or both conferences, and mentorship opportunities
  • Deadline: March 29

TACTYC Scholarships

TACTYC helps promote accounting education through various initiatives, like its scholarship opportunities. While the number of awards varies each year, TACTYC typically offers $1,000 scholarships in two award categories. One is intended for accounting students in a two-year community or technical school, while the other supports accounting enrollees transferring from a two-year school to a four-year institution.

  • Applicants must meet these requirements: Be an accounting major at a two-year or technical school
  • Award: $1,000
  • Deadline: March 1

Women-in-Need Scholarship

The EFWA created this scholarship to support women pursuing a bachelor's in accounting while providing financially for their families (including children or other dependents). Candidates can apply for this two-year award during their second year of study. They must resubmit transcripts with proof of a minimum 3.0 GPA to renew the scholarship for a second year.

  • Applicants must meet these requirements: Be a female second-year accounting student in a bachelor's degree program; be the primary financial provider for the family; maintain a minimum 3.0 GPA; express financial need and accounting goals; be a U.S. citizen
  • Award: $10,000 over two years

Women-in-Transition Scholarship

Women who are the primary source of income for their families can apply for this EFWA scholarship. The award amount depends on the type of accounting degree: Awardees in a bachelor's degree program receive $8,000 over two years, while those in an associate degree program get $4,000. The EFWA requests recipients maintain a minimum 3.0 GPA to receive the second fund dispersal.

  • Applicants must meet these requirements: Be a female first-year accounting student in an associate or bachelor's degree program; be the primary financial provider for the family; maintain a 3.0 minimum GPA; express financial need and accounting goals; be a U.S. citizen
  • Award: $4,000 or $8,000 over two years

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