By Amanda Paolini, Administrator, Foundation and Member Connections

Pursuing a career as a certified public accountant (CPA) is immensely rewarding, but it can also be challenging, especially when it comes to managing the costs of education and CPA Exam preparation. The Pennsylvania CPA Foundation (Foundation), through the generous efforts of PICPA members, offers valuable support to aspiring CPAs with scholarships and financial assistance at every stage of the journey. By investing in future accounting professionals, the Foundation aims to strengthen the profession across Pennsylvania.

The Foundation offers scholarships for high school seniors interested in accounting, college accounting students, and CPA Exam candidates. Our efforts ensure potential CPAs receive the support they need throughout the critical steps of an accounting career.

If you’re a Pennsylvania high school senior planning to major in accounting, you’re eligible for the first tier of Foundation scholarships. In 2024 alone, a total of $20,000 was awarded to talented students preparing to enter the field of accounting. These scholarships provide a financial boost as you transition to college.

For those already pursuing an accounting degree at the collegiate level, the Foundation offers substantial support. In 2024, more than $150,000 in scholarships was awarded to accounting majors across Pennsylvania. College-level scholarships are distributed to students in three general categories:

• Academic Merit – Recognizes exceptional academic achievement.
• Access and Development – Supports students who have faced obstacles to advancing their education and/or career development, and have a demonstrable financial need.
• Community College – Assists students transferring from community colleges to four-year institutions.

The Foundation offers several other specialized scholarships to ease the financial burden for aspiring CPAs. The 150 Credit Scholarship helps young professionals cover the cost of completing the additional 30 credits required for CPA licensure. This scholarship is available to Pennsylvania college students with a minimum 3.4 GPA and at least 120 completed credits. For those preparing for the CPA Exam, a $1,000 CPA Exam Scholarship is available to ensure critical support during this crucial step.

Applications for Pennsylvania CPA Foundation scholarships open every January, with winners announced in June. This year, the application process opened on Jan. 8. Whether you’re just beginning your journey, taking the final steps toward your CPA credential, or know somebody embarking on their CPA mission, this is an exciting opportunity to receive financial support.

Achieving the CPA designation is a significant accomplishment, and the Pennsylvania CPA Foundation is dedicated to providing guidance and support at every stage of your journey. Take advantage of scholarship opportunities, plan your next steps, and move closer to your goals in the accounting profession. Be sure to apply for one of these scholarships and take the next step toward a successful career.

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