Scholarship

Foundation for Accounting Education Presents Excellence in Accounting Scholarship

The purpose of the Excellence in Accounting Scholarship of the New York State Society of Certified Public Accountants (NYSSCPA) and its Foundation for Accounting Education (FAE) is to provide financial assistance to encourage and aid deserving candidates to enter the accounting profession. Accordingly, scholarship awards will be based heavily on financial need. At the same time, applicants must meet or exceed a threshold of acceptable academic performance. The program is administered by the FAE, a 501(c) (3) foundation.

The application is available now.  Deadline to apply for the 2019-20 Excellence in Accounting Scholarship is 5 p.m. on Monday, April 8, 2019.

ELIGIBILITY REQUIREMENTS

Applicants must:

• Have declared a major in accounting as described below and, if applicable, been accepted to that major.

• Be residents of New York State and either U.S. citizens or permanent residents. An applicant who is not a U.S. citizen or does not have a permanent resident visa is NOT eligible for a scholarship and should not submit this application.

• Be enrolled at or accepted to a New York State college or university that offers an accounting program(s) registered by the N.Y. State Education Department as meeting the educational requirements for admission to the CPA examination (hereafter designated as a “Registered College” and can be found here: http://www.nysed.gov/heds/irpsl1.html). Can be either a Graduate student or an Undergraduate student.

• Have completed a minimum of 72 credit hours by April 1, 2019 and 84 credits by the start of the fall 2019 semester (registered credits included). A part-time student or student whose program has followed an irregular pattern must be at an equivalent stage. In addition, such a student must have successfully completed at least one semester of the college’s intermediate accounting course(s).

• Have achieved an overall cumulative grade point average of 3.0 or higher (based on a four-point system) for the above 72+ credit hours as of April 1, 2019, and maintain a grade point average of 3.0 or higher.

• Have completed and filed a FAFSA application and been approved for financial aid. Applicants who have not applied and been approved for financial aid are not eligible for the scholarship and should not submit this application.

• Have FAE Campus Liaison or Department Chair letter of recommendation, or letter of accounting related recommendation (can be an employer).

AMOUNT AND DURATION OF SCHOLARSHIP

1. The scholarship is based upon a full year of academic study. The amount of the scholarship shall be $2,500 for full-time study (see 2 below) and $1,250 for part-time study. Payments will be issued in September. They will be made copayable to the student and the school. The scholarship award will be reduced for students enrolled for less than a full year and will be based upon the terms completed.
2. Each applicant must be enrolled for at least 12 semester credits to receive a full scholarship; an applicant enrolled in six to 11.5 credits per semester shall be eligible to receive a partial scholarship; am applicant enrolled for fewer than six credits is not eligible for an award.
3. A student may reapply for a scholarship each year through the online application.
4. Requests for consideration of special circumstances, such as deferral of a scholarship during a period of leave of absence, may be made to the FAE Scholarship Committee.

To learn more about the New York State Society of CPAs and programs for future CPAs, visit www.nysscpa.org. 

THE APPLICATION PROCESS

The deadline to apply for the 2019-20 Excellence in Accounting Scholarship is 5 p.m. on Monday, April 8, 2019.

Completed applications are accepted through the online application only. For a complete list of Liaisons, see Campus Liaisons. Students who do NOT have a Campus Liaison may submit their completed application via their department chair or accounting professional contact for the letter of recommendation.

The application consists of the following sections: Personal Information & Questionnaire, Academic Information, Attach Documents, Letter of Recommendation (also includes Financial Aid information request), and Essay.

Each section must be completed in full by the student or appropriate school representative to be eligible for scholarship consideration.

Questions: Email Lauren Biggers, manager of outreach, at lbiggers@nysscpa.org.

2018 - 2019 FAE Scholarship Winners 

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