Undergraduate and graduate accounting students who have suffered monetarily due to the COVID-19 pandemic can apply for education grants under a new program introduced by the AICPA. Funded by the AICPA Foundation, the grants provide $2,000 to up to 25 students experiencing extenuating circumstances, such as loss of job or internship, to cover education-related expenses.
To be eligible, students must be enrolled full time in an accredited business and/or accounting program for the 2020-2021 academic school year and have completed at least 30 semester hours (or equivalent) of college coursework, including at least six hours in accounting. Applicants must provide student copies of their college transcripts, a copy of their resume, documentation of their financial hardship and a statement about how the hardship affected their future studies and plans to obtain CPA licensure.
“The coronavirus pandemic has caused financial hardship for many Americans, including college students,” says AICPA Foundation president Ernie Almonte. “We know many students are struggling to cover the cost of their education. The Foundation is committed to supporting these students as they complete their education and enter the profession.”
Scholarship applications will be accepted from July 1 to Aug. 31.