Note: Interested applicants should read the below information carefully before applying to ensure they have a clear understanding of this program’s expectations and requirements.
The AICPA Scholarship for Minority Accounting Students provides financial awards to outstanding minority students to encourage their pursuit of accounting as a major and their ultimate entry into the profession. Scholarship funding is provided by the AICPA Foundation, with contributions from the New Jersey Society of CPAs, the Accounting Education Foundation of the Texas Society of CPAs and Robert Half International.
The AICPA Minority Scholarship was created in 1969 with the purpose to increase the representation of ethnically diverse CPA professionals. For over four decades, this program has provided over $14.6 million in scholarships to over 8,000 accounting scholars.
Recipients receive individual awards of up to $5,000 per academic year. Scholarship aid may be used only for the payment of expenses that directly relate to obtaining an accounting education (e.g.; tuition, fees, room and board, and/or books and materials only). Scholarship payments are sent directly to the student's financial aid office on behalf of the student at the beginning of the fall and spring semesters.
The Minority Scholarship is a renewable award; however, renewals are neither automatic nor guaranteed. Students who wish to renew their scholarship award must complete an application the following year.
AICPA Legacy Scholars Program
If selected as an AICPA scholarship recipient, the AICPA requires that students selected as scholarship recipients perform eight hours of community service per semester to advocate for the CPA profession. Through their community service efforts, AICPA Legacy Scholars enhance their leadership and communication skills by building relationships with both aspiring and seasoned CPAs.
Learn more at ThisWayToCPA.com/LegacyScholars.
All applicants must submit a completed scholarship application by April 1, 2013 at 11:59pm EST. Students selected to advance to the second round will be notified via email by May 1, 2013. Round 2 applicants must provide additional documentation (See “Round 2 Applicant Materials” below.)
A student may save his/her application and make changes up to April 1, 2013. Once the applicant clicks the “submit application” button, no further changes can be made. The AICPA will confirm receipt of an applicant’s completed application via email within one week of submission.
Round 1 Application Materials
All AICPA scholarship applicants will be asked to provide the following information with the applications:
• Two essays
• Names and email addresses of two references to provide future letters of recommendation (one must be either a faculty member OR a licensed CPA)
• Copy of green card (permanent residents only)
Essay 1: Why do you want to become a CPA and how will attaining this licensure contribute to your goals? How do you plan to become a licensed CPA? (500 word max)
Essay 2: If selected as an AICPA scholarship recipient, the AICPA requires that you serve as a Legacy Scholar. (See ThisWayToCPA.com/LegacyScholars for more information.) Describe how you would spread the message about accounting and the CPA profession in your community and school. Please be specific in your response. You may consider including the following details:
• Type of outreach/plan
• Description of intended audience
• Intended outcome of your Legacy Scholar plan
Additionally, provide a short response on how you would spread the word regarding this scholarship to other applicable students.
Round 2 Applicant Materials
Round 2 applicants must provide AICPA with the following documentation:
• Two letters of recommendation supplied by the references listed during Round 1 (one letter must be from either a faculty member OR a licensed CPA). Letters will be uploaded online by the references.
• Official transcript(s) from post-secondary school(s) attended
• Graduate school admission test score report(s) (if applicable)
• Copy of acceptance letter for undergraduate students if transferring to a four-year college in the fall of 2013; for graduate students, if enrolling for the first time in fall 2013
• List of scholarship or grant programs to which student has applied and/or been awarded. Note: students receiving scholarship(s) and grant(s) that cover or exceed their educational expenses are ineligible for this program.
Completed applications will be reviewed and ranked by a selection task force. Recipient selection is based on academic achievement; demonstration of leadership and volunteerism; and overall commitment to becoming a licensed CPA professional.
Other AICPA Scholarship Programs
In some cases, students may be eligible for multiple AICPA scholarships. Students are encouraged to apply for all the AICPA scholarship programs for which they meet the eligibility requirements. View all AICPA scholarship programs at ThisWayToCPA.com/AICPAscholarships.
All applicants will be notified of final selection by August 1, 2013.
Email email@example.com for questions regarding the AICPA Minority Scholarship program.
Please add firstname.lastname@example.org to your email contacts to avoid communications from being misdirected to your spam or bulk mail folder.
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