Fifth Year Accounting Student Scholarship
Criteria: Students must have at least 120 credit hours, be a Texas resident, applying to take the CPA exam within a year, and must be meeting satisfactory academic progress. The scholarship award is the lesser of the student’s financial need or $5000.
Disbursement: Checks are processed by UHV after enrollment verification and academic progress is reviewed.
The Program is Available to Students Who:
- Are classified as residents of Texas;
- Are enrolled at participating public or private, non-profit colleges and universities in
- Texas (including specified community colleges);
- Are enrolled at least half-time;
- Will have completed at least 120 hours of college course work (including at least semester credit hours of accounting) at the beginning of the term in which the award is being made;
- Are making satisfactory academic progress;
- Have not already taken the CPA exam, but plan to take the CPA examination in the State of Texas and have submitted an Application of Intent to take the CPA Examination to the Texas State Board of Public Accountancy for the purpose of being granted a certificate of "Certified Public Accountant;"
- Register for the Selective Service or be exempt from this requirement, and
- Demonstrate financial need.
Application Process: https://www.tsbpa.state.tx.us/scholarship/applications-student-app-process.html
Award Amount: Awards of varying amounts have been given to accounting students. Minimum and maximum awards are determined by the Board with the assistance of the Fifth-Year Accounting Student Scholarship Program Advisory Committee. The minimum award per semester is usually $1,500 and the maximum lifetime award is usually $7,500 (link).
Repayment of the Award: A student who receives an award from the Fifth-Year Accounting Student Scholarship Program and who does not take at least one section of the CPA examination administered by the Texas State Board of Public Accountancy within three years of submitting the Application of Intent is required to reimburse the Board, on demand, for all funds the student received from this scholarship program (link).