October 2, 2022

ICYMI: The AICPA Legacy Scholarship Application Period Is Open Until March 1 (IOW Free Money For School)

a person holding several hundred dollar bills

According to the cute little countdown on the AICPA Legacy Scholarships page, as of right now (right now as in the date this post is published) you have 35 days remaining to apply for the 2022-2023 AICPA Legacy Scholars program scholarships.

They include:

  • AICPA Foundation Scholarship for Future CPAs $3,000 – $10,000
  • AICPA Scholarship Award for Minority Accounting Students $3,000 – $10,000
  • AWSCPA Scholarship Award $5,000
  • AICPA John L. Carey Scholarship Award $5,000
  • AICPA Foundation Two-year Transfer Scholarship Award $5,000

Each scholarship has its own requirements but if you qualify for more than one you don’t need to apply twice, you’ll be considered for any scholarships you qualify for as long as you apply to one. One requirement all Legacy Scholars program scholarships have in common is that you have to be a Student Affiliate Member of the AICPA to qualify. If you aren’t already a member, you can apply here (it’s free, don’t worry).

“What is the Legacy Scholars program?” I hear you not asking. Glad you didn’t ask! The AICPA Legacy Scholars program is designed to help students of different backgrounds become CPAs by assisting with the cost of their college education. The program also provides scholars with educational and professional development opportunities throughout the year. (I stole that passage straight from This Way to CPA. Sorry, guys, I didn’t feel like paraphrasing) The AICPA Foundation awards more than $1 million a year to hundreds of students, and with inflation at 6.2% you should absolutely try to get any part of that cool million you might be qualified for (the average award is $5,000 according to the AICPA).

If none of the above scholarships tickle your fancy, you can also do a national scholarship search on the This Way to CPA site to see if there’s one (or more!) right for you. Several scholarships listed on that page have closed for applications; however, The Accounting Doctoral Scholars Program opens for applications on March 1, and the 2022 AICPA Foundation William (Bill) Ezzell Scholarship — which awards $10,000 to five recipients — is open until March. There are several pages to scroll through with all kinds of state scholarships as well so click on through and see if there are any you qualify for. Hey, it’s free money for school! If you qualify, that is.

If you have any questions that aren’t answered by This Way to CPA resources, reach out to the nearest adult accounting program faculty at your school and they should be able to guide you. Now go get that money!

AICPA scholarships can support your accounting education [AICPA]
AICPA Legacy Scholarships [This Way to CPA]

Photo by Alexander Mils from Pexels

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