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Press Release

Foundation for Accounting Education Awards $150,000 in College Scholarships

By:
Robert Busweiler – Communications Associate
Published Date:
Aug 3, 2012
NEW YORK, NY, August 3, 2012 – The New York State Society of Certified Public Accountants (NYSSCPA) and its Foundation for Accounting Education (FAE) have announced the 51 New York students who will receive Excellence in Accounting Scholarships for the 2012-2013 school year.
 
The scholarships are awarded in order to provide financial assistance and encouragement to accounting majors. Forty eight college students received $2,500 scholarships and three students who had previously graduated the FAE’s Career Opportunities in the Accounting Profession (COAP) program each received $10,000 scholarships.
 
“The Foundation for Accounting Education takes great pride in awarding these scholarships to truly deserving students in an effort to support their educational goals,” said FAE President John Kearney. “By encouraging top-level students to enter the field of accounting, we hope to strengthen the professional as a whole.”  
 
Students receiving the $2,500 scholarships must be a declared accounting major and have achieved an overall cumulative grade point average of 3.0 (based on a four-point system) or higher. Students also must be eligible for financial aid to receive the scholarships. FAE has dedicated campus liaisons at 47 colleges in New York State to help identify students eligible for these scholarships.
 
The $10,000 scholarships were awarded to high school students who have graduated the COAP program and will be starting college in the Fall. The COAP scholarship winners will receive the $10,000 over the next five years toward their tuition in an accounting program.
 
The COAP program was founded in 1987 in order to attract high school students from public and private schools in New York State into the accounting profession. Recruitment for the COAP program is focused on minority groups historically underrepresented in the CPA profession.
 
About the NYSSCPA
 
Representing more than 28,000 CPAs, the NYSSCPA was the first state accounting organization in the nation. Incorporated in 1897, the Society is a not-for-profit organization that seeks to establish and maintain high standards of integrity, honor, and character among certified public accountants.
 
The New York State Society of CPAs is located at 3 Park Avenue in New York City. To learn more about the Society, call 800-633-6320 or visit the Society’s website at www.nysscpa.org.