Accounting Scholarships: Computing One’s Way Towards A Better Education

Considered as the "language of business," accounting is deemed as one of the vital building blocks of every business anywhere in the world. With this fact, there is no disputing that accountants play important roles in the society, especially in the business arena.

There are three branches of Accounting: financial accounting, management accounting, and tax accounting. Accounting happens to be a well-recognized course in the country because of the numerous jobs that await those who graduate with a degree in it. However, one does not need to be an accounting graduate to figure out that college education costs a small fortune. Fortunately, there are now various scholarship programs for those who dream of pursuing a degree in accounting but are financially incapable to do so.

Available Accounting Scholarship Programs

One of the organizations that offer financial assistance to aspiring accountants is the National Society of Accountants. Every year, this organization of certified accountants gives up to 40 scholarship grants to undergraduate students all over the nation. Applicants for this scholarship grant must demonstrate academic excellence, leadership skills, and financial incapability. The amount of the scholarship grants the organization offers per student ranges from $250 to $2,000.

There is also a scholarship program for those who are willing to work for the government after graduation. The Government Finance Officers Association offers the Frank L. Greathouse Government Accounting Scholarships to both graduate and undergraduate students. This scholarship grant is worth $3,500 and the only catch is for the recipient to serve the government right after obtaining his accounting degree.

Meanwhile, the John L. Carey Scholarships is for liberal arts graduates who wish to pursue Accounting degrees. This scholarship program aims to encourage liberal art students to think about engaging in an accounting career. Applicants for the John L. Carey Scholarships must be degree holders of liberal arts from duly accredited colleges or universities in the United States. The recipient of the grant will receive $5,000 financial assistance, which is renewable each year provided that the student maintains his good grades.

There are also a few organizations that help women realize their dream of earning an Accounting degree. An example of this is the Educational Foundation for Women in Accounting, which has a scholarship program called The Laurels Fund. It provides a $5,000 worth of scholarship grant to a female Ph.D. title holder who wants to pursue an Accounting degree. The aim of the scholarship program is to encourage more women to specialize in Accounting. The American Society of Women Accountants is another organization that provides accounting scholarships to women. Its scholarship program is open to both full-time and part-time students who are enrolled in accredited colleges and universities. Applicants must have already completed at least 60 semester hours of their Accounting course to qualify.

Apart from accounting scholarships aimed at women, there are also those that are intended for racial minorities. For Hispanic or Latin students, the Association of Latino Professionals in Finance and Accounting, in coordination with the Hispanic College Fund, give scholarships worth $10,000. For the African-Americans, the National Association of Black Accountants offers $1,000 up to $6,000 scholarship financial support to its active members.

Requirements for Acquiring an Accounting Scholarship

For all of the above-mentioned scholarship grants, the very important prerequisite is the perseverance to attain your goal, which in this case is a degree in Accounting. An excellent academic standing, as well as an impressive list of achievements are also needed. More often than not, applicants for accounting scholarships are also asked to provide a number of other things such as recommendation letters, personal statements, and essays. The requirements may vary with each scholarship program, so, a personal visit to the programs’ respective offices or websites is strongly suggested.

Increasing the Probability of Acquiring the Grants

Applying for scholarship programs is not easy mainly because you are up against some tough competition. However, there are a few tricks that will help you increase your chances of being accepted. One of these is always being on time, may it be on passing application forms, submitting requirements, or appearing for an interview. If necessary, prepare all the needed documents, such as recommendation letters and personal profile, earlier in order to avoid time constraints.

With regards to your personal profile, think of it as an academic paper. It should be written carefully, and proofread several times. If possible, have a professional proofread it for you. A well-written personal profile will leave a good impression. The same thing goes to your essays, so make sure you put extra effort in writing them.