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:
- Scholarships and grants for accountants work
- You can find them
- You can apply for financial aid
- DoNotPay can help you get free money for your education
Scholarship providers offer financial aid to accounting students based on two factors:
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:
- Maintaining a high GPA level
- Having high ACT or SAT scores
- Writing compelling essays
- Submitting a resume of projects they’ve worked on
- Getting letters of recommendation from mentors
- Participating in community service and other extracurricular activities
Scholarships for accounting majors can differ based on the level of study students need to be at to be eligible. Various programs cater to:
- High school seniors who are looking to enroll in accounting
- 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 Name||Eligibility Requirements||Award Amount|
|AICPA Scholarship Award for Minority Accounting Students||$3,000–$5,000|
|AICPA/Robert Half Student Scholarship Award||
|Scholarship Program for Accounting Students by AIS Technolabs||
|AICPA Foundation Two-Year Transfer Scholarship||$5,000|
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.
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
- DoNotPay—Our 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
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:
- Check whether you’re eligible
- Respect set deadlines
- Prepare all the necessary documents in advance
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:
- Use your browser to sign up for DoNotPay
- Navigate to the Apply for Scholarships product
- Answer a few questions about your academic achievements and financial status
- 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.
Are you tired of dealing with bureaucratic or legal matters on your own? You no longer have to—as soon as you subscribe to DoNotPay, we’ll take any exhausting task off your plate.
Our app is capable of drawing up legal documents—including marital settlement agreements, child travel consent forms, powers of attorney, defamation demand letters, and affidavits to homeschool—getting them notarized remotely, filing complaints against companies, suing any individual or corporation in small claims court, sending FOIA requests, and so much more.
DoNotPay’s capabilities don’t end there—we can also:
- Cancel any subscription
- Get you a burner number
- Help you get a tourist visa
- Send an item return request
- Help you apply for any clinical trial
- Create perfect and valid passport photos
- Schedule a DMV appointment fast in your stead
- Look up any sex offender lurking in your neighborhood
- Help you get in touch with government representatives
- Sign you up for free trials with a virtual credit card
- File warranty and insurance claims for you
- Help you fight email and text spam
- Get you in touch with an inmate
- Mail anything in your stead
- Offer an online fax service