AICPA offers COVID-19 Student Hardship Grant

July 6, 2020

Grants provides $2,000 to accounting students who have experienced monetary hardships as a result of the coronavirus pandemic.

NEW YORK, (July 6, 2020) – The American Institute of CPAs (AICPA) today announced that it is offering up to $50,000 in education grants to help undergraduate and graduate accounting students who have suffered monetarily due to the COVID-19 pandemic.

The grants, funded by the AICPA Foundation, will provide $2,000 to up to 25 students who are experiencing extenuating circumstances, such as loss of job or internship, due to COVID-19 to help cover their education related expenses.

“The coronavirus pandemic has caused financial hardship for many Americans, including college students,” said Ernie Almonte, CPA and AICPA Foundation president. “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.”

The grants are open to AICPA Student Affiliate members pursuing an undergraduate or graduate-level degree in accounting or an accounting-related major. 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 6 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 AICPA and its Foundation offer a variety of scholarships to help students complete their accounting education and earn their CPA. Current recipients of one of the AICPA’s Legacy Scholarships or CPA Exam Scholarship are not eligible for the Hardship Grants.

Scholarship applications will be accepted from July 1 to August 31, 2020 on ThisWayToCPA.com. Learn more about the application eligibility guidelines or apply here.