Future CPAs of Massachusetts: Hurry Up and Apply For Free Money to Take the CPA Exam

Cash money

The Massachusetts Society of CPAs is holding a lottery to award vouchers in the amount of $500 to candidates planning to sit for the CPA exam as a Massachusetts candidate, but there’s a catch: you only have until Feb. 1 to apply. Oh, and there’s another catch: you’re disqualified if your employer pays for review course materials, pays exam fees, and/or offers a bonus for passing. But everyone else, fair game.

To qualify, you obviously must be a resident of the state and be planning to sit for the exam as a Massachusetts candidate between May 1, 2019 and April 30, 2020. Additionally, you must be either a current student or have graduated within the past three years.

The application is an incredibly simple Google Form with just a few questions. If chosen, winners must attest that their employer does not provide financial assistance as stipulated above. Winners will be chosen on March 1, 2019, and up to 20 $500 vouchers will be awarded.

According to MSCPA, the CPA exam lottery is part of “an effort to increase the number of test takers and defray exam costs.” It costs $195 to apply to take the CPA exam in Massachusetts, and $743 for all four parts (AUD $195.35, BEC $176.25, FAR $195.35, REG $176.25).

The Pennsylvania Institute of CPAs offers a similar “scholarship” for CPA exam candidates whose fees aren’t reimbursed by their firm, and the application period for that opens up in April.

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

Things Are (Sort Of) Getting Back to Normal at Prometric Soon

As we trudge ever onward toward month 18 of two weeks to stop the spread, it’s time to start thinking about a return to normal at everyone’s favorite place in which to either crush those goals or be crushed by your own unreasonable expectations: Prometric. The company recently announced a softening of policies enacted early […]