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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 John L. Carey Scholarship program provides financial assistance to liberal arts and non-business degree holders who are pursuing both graduate studies in accounting and the CPA licensure. These awards are intended to encourage students with little or no previous accounting education to consider professional accounting careers.
The John L. Carey Scholarship was established by members of the accounting profession to honor John Carey upon his retirement from the AICPA in 1969. During his 40-year tenure at the AICPA, Mr. Carey served as administrative vice president; executive director; and as editor and publisher of the Journal of Accountancy. Mr. Carey dedicated his entire career to serving the accounting profession and made it a priority to encourage outstanding students to become CPAs.
Recipients receive $5,000 for one 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).
Awards are non-renewable and past recipients may not re-apply. 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.
AICPA Legacy Scholars Program
Students selected to receive an AICPA scholarship must participate in the AICPA Legacy Scholars program which includes performing at least 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/AICPAScholarships.
All applicants must submit a completed application to the AICPA by April 1, 2014 at 11:59 p.m. EST. The application process is completed in two rounds. Students selected to advance to the second round will be notified via email by May 1, 2014. Round 2 applicants must provide additional documentation once notified of advancement (See “Round 2 Applicant Materials” below.)
A student may save his/her application and make changes up to April 1, 2014 at 11:59 p.m. EST. Once the applicant clicks the “submit application” button, no further changes can be made. Incomplete applications will not be accepted for review by the AICPA. You may confirm receipt or review the status of your application in the “My Application(s)” box on the “My Profile” page when logged into ThisWayToCPA.com.
Round 1 Application Materials
All AICPA Scholarship applicants will be asked to provide the following information with their applications:
• Two essays (Essays must be original thoughts of the student and include the student’s name at the top of each essay.)
• Names and email addresses of two references to provide future letters of recommendation
• Copy of green card (permanent residents only)
Essay 1: Discuss how your background as a liberal arts or non-business major combined with your experience will benefit you as a CPA. Why do you believe that obtaining a CPA will be beneficial to your career path and how do you plan to achieve your license? (500 word max)
Essay 2: If selected as an AICPA scholarship recipient you will serve as an AICPA Legacy Scholar. (See ThisWayToCPA.com/AICPAScholarships 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 AICPA Legacy Scholar plan
Additionally, provide a short response on how you would spread the word regarding this scholarship to other applicable students. (500 word max)
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. 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 2014; for graduate students, if enrolling for the first time in fall 2014
• List of scholarship or grant programs to which student has applied and/or been awarded. Note: students receiving a full scholarship package are ineligible for this program.
Applicants will be reviewed by a scholarship 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 to apply 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/AICPAScholars.
All applicants will be notified of final selection by August 1, 2014.
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