Obtaining a Scholarship for Accounting Majors With DoNotPay

Discover and Apply for Scholarships Obtaining a Scholarship for Accounting Majors With DoNotPay

It Adds Up—How To Get a Scholarship for Accounting Majors

The most expensive college in the United States is the University of Chicago, whose students need to pay a tuition fee of $81,531 per year. Other universities are not lagging behind—50 other colleges go above the $74,000 mark. This should give you an idea of why so many students struggle to get a degree without some sort of financial aid.

In this article, we’ll focus on obtaining a scholarship for accounting majors by showing you how:

  1. Scholarships and grants for accountants work
  2. You can find them
  3. You can apply for financial aid
  4. DoNotPay can help you get free money for your education

Scholarships for Accounting Majors

Scholarship providers offer financial aid to accounting students based on two factors:

  1. Merit
  2. Need

Merit-Based Scholarships for Accounting Majors

Merit-based scholarships go to students who have a high level of academic performance and a list of personal achievements. To be eligible for merit programs, students need to fulfill some—or all—of the following requirements:

Scholarships for accounting majors can differ based on the level of study students need to be at to be eligible. Various programs cater to:

  1. High school seniors who are looking to enroll in accounting
  2. College students (undergraduates, graduates, and doctoral degree students)

Another distinction between programs lies in the source of the scholarship. Providers can be federal and state governments, companies and private funds, and accounting-oriented organizations, such as the Association of International Certified Professional Accountants (AICPA) and the Accounting & Financial Women’s Alliance (AFWA).

Take a look at this table for more info about some scholarships for accounting students:

Scholarship NameEligibility RequirementsAward Amount
AICPA Scholarship Award for Minority Accounting Students $3,000–$5,000
EFWA Scholarship
  • Strong academic standing
  • Women
  • Priority is given to those in financial need
AICPA/Robert Half Student Scholarship Award
  • Minimum GPA of 3.0
  • Full-time accounting students
Scholarship Program for Accounting Students by AIS Technolabs $5,000
AICPA Foundation Two-Year Transfer Scholarship
  • Transfer students from two-year universities
  • Planning to pursue a certified professional accountant (CPA) license but not currently CPAs
  • Minimum GPA of 3.0
  • Full-time undergraduate or graduate students
  • AICPA Student Affiliate members
  • U.S. citizens or permanent residents

Need-Based Scholarships for Accounting Majors

Need-based grants are aimed at accounting students who haven’t achieved academic excellence but need financial support to finish their education. Usually, these grants are nonrepayable, but some act as loans and require being repaid.

To prove they are in need of financial aid, students need to fill out the Free Application for Federal Student Aid (FAFSA) form or the College Scholarship Service (CSS) profile. This way, they can show their financial status by documenting their family income and tax returns.

Some need-based grants don’t focus on tuition fees—instead, they cover other education-related expenses. For instance, the Vets Covered for the CPA Exam by the Department of Veterans Affairs offers up to $2,000 to reimburse veterans taking a CPA exam that comes with an application fee.

Finding the Right Scholarship for Accounting Majors

Scholarships for accounting students are not mutually exclusive, meaning that you can apply and secure a plethora of different awards and add them up to pay as little on your own as possible. The difficulty with getting various scholarships is finding them.

The research process is time-consuming, and it can take you months to find all the necessary information on the Internet. Don’t give up—here are a few tips to speed up your research:

  • Visit your school’s website—Most universities have a financial page segment on their website where you can find information about school-specific programs
  • Go to your school’s financial aid office—Financial aid officers can help you in your pursuit by looking at your financial status and academic performance and giving you examples of scholarships you’re eligible for
  • Take a look at accounting organizations—Organizations like AICPA and AFWA offer awards to accounting majors so you can check with them as well
  • DoNotPayOur app lets you skip the entire research process. All you need to do is invest five minutes of your time, and we’ll give you a personalized list of all scholarships you can apply for

How To Apply for a Scholarship for Accounting Majors

Application processes are not consistent—each program has its own set of rules and requirements and a different application process. In general, you can stick to the following guidelines to make sure your application gets accepted:

  1. Check whether you’re eligible
  2. Respect set deadlines
  3. Prepare all the necessary documents in advance

The Optimal Way To Get a Scholarship for Accounting Majors—Use DoNotPay

Spending weeks and months staring at your PC looking for scholarships is no longer the necessary evil. With DoNotPay, you can complete the whole research process and apply in less than five minutes. All you need to do is:

  1. Use your browser to sign up for DoNotPay
  2. Navigate to the Apply for Scholarships product
  3. Answer a few questions about your academic achievements and financial status
  4. Choose the type of scholarship that interests you

Our app will generate a list of scholarships you’re eligible for, coupled with all the necessary information about them. If there are no-essay scholarships on the list, you can apply for them automatically by instructing us to complete the process on your behalf.

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