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Illinois CPA Society Accounting Scholarship Program
(Supported by the CPA Endowment Fund of Illinois)

Scholarships of up to $4,000 each are offered for accounting students who show significant potential to become a CPA and demonstrate achievement as well as financial need.

Illinois CPA Society Scholarships help students who will have completed an equivalent of 4 years of education by 8/31/08 and are planning to complete their final year of education needed to sit for the CPA Examination in Illinois. The Illinois CPA Society is especially interested in helping those students that, because of limited options or opportunities, may not have alternative means of support. The scholarship covers the costs of tuition and fees and can include up to $500 in expenses for books and required classroom materials. The scholarship does not cover costs of CPA Exam review courses.

The Scholarship program supports a diversity of students, investing in their success and helping them to realize their dream of becoming CPAs. Scholarship recipients have studied at a variety of schools throughout the state, from large state schools to small private schools to community colleges. Some scholarships have supported students with their graduate studies, while others support a fifth year of undergraduate education.

Eligibility:
Qualifying students should have four years of education completed by 8/31/08, with plans to take additional courses in the 2007-‘08 school year to meet the requirements to sit for the CPA Exam. In addition, applicants should:

  • Be a U.S. citizen, permanently residing in Illinois and enrolled in an Illinois college or university.
  • Have a 3.0 / 4.0 GPA or equivalent.
  • Plan to sit for the CPA Examination in Illinois within three years of application date, and demonstrate a course of study that reflects this goal.

If students receive a full-tuition waiver or reimbursement for tuition, they are not eligible for this scholarship. However, the Society recognizes that students will likely not know about scholarships and other forms of support at the time of application, and highly encourages students who anticipate they will need financial support to apply.

To Apply: (Check back in the Fall for the application)
Download the Microsoft Word application form
and fill it out using word processing. All entries should be word-processed or typed. In order for the scholarship selection task force to accurately evaluate your application, we ask that you read the information and questions carefully before attempting to complete the application.

The following must be completed and postmarked by November 30, 2007:

  1. Complete Scholarship Application (include Questions)

  2. Copy of most recent Original Transcript

If your scholarship application is selected after a preliminary review of applicants, the Scholarship Selection Task Force will notify you by February 28, 2007. If you are selected for further review, they will request additional information including Letter(s) of Recommendation, a Financial Aid Form and an updated transcript.

Applications and transcripts should be sent to:
ICPAS Accounting Scholarship Program
Illinois CPA Society
550 W. Jackson, Suite 900
Chicago, IL 60661

All materials MUST be postmarked or received at the Illinois CPA Society office by November 30, 2007. Because official transcripts often take time to obtain, you should request transcripts at your earliest convenience. Faxed applications of required documentation will not be accepted. Awards announcements will be made by May 31, 2008.

Scholarship Recipients for 2005-2006 School Year

 

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