The Texas State Board of Public Accountancy (TSBPA) through the College For All Texans provides the Fifth-Year Accounting Student Scholarship Program. Each year, the TSBPA offers financial aid to students who plan to take the Certified Public Accountant (CPA) examination as Texas applicants and in turn serve the residents of the state of Texas upon obtaining certification.
Prospective beneficiaries will have to be enrolled at a participating college or university in Texas such as the four community colleges in the state that offer accounting, ethics, and business that meets the educational requirements of the TSBPA. These community colleges include Austin Community College, Houston Community College, Lone Star College, and Mountain View College.
Winners of the scholarship will receive $5,000. The scholarship will cover the recipient’s cost of education at their institution.
Key Information of Fifth Year Accounting Student Scholarship Program
Area of Study
Country of Study
Intended Level of Study
Number of Awards
Fifth Year Accounting Student Scholarship Program Timeline
Application Opening Date
Applications open on January 1.
The submission deadline is on December 31.
To be eligible to apply, applicants must meet the following criteria.
- Eligible Grade: Undergraduate – Graduate
- Maximum Age: Any
- Required GPA: Any
- Geographic Eligibility: Texas
- Gender: Any
- Race/Ethnicity: Any
Here’s what you need to submits besides your application.
- Financial Information
How to ace the Fifth Year Accounting Student Scholarship Program
Demonstrate financial need
The scholarship board requires prospective recipients to show proof of financial need. Attaching proof of your financial information to your application will make your application stand out from other candidates. You may consider attaching your current copies of your parent's tax forms or bank statements.
Submit an Application of Intent to TSBPA
One of the ways of winning the scholarship is by submitting an “Application of Intent” to the Texas State Board of Public Accountancy. When you apply, you will be issued an acknowledgment letter that will qualify you to take the CPA examination. You should note that the Application of Intent is valid for only two years.
Complete the FAFSA application early
Many scholarship programs in the United States require applicants to file a FAFSA application. The reason is that Federal Student Aid is the largest provider of scholarships for college in the U.S. So, you can complete the FAFSA form in order to win the scholarship.
Apply to your school
Once you have received your “Application of Intent” acknowledgment letter, approach the dean, department of accounting, or college financial aid office to get the scholarship application form. Afterward, your application will be approved by the dean or accounting director and the department will submit your application on your behalf to the financial aid office of your institution.
How the Fifth Year Accounting Student Scholarship Program is Judged
Applicants must be Texas residents who are enrolled in participating non-profit colleges and universities in Texas, including the specified community colleges. They must not have taken the CPA exam but plan to take the CPA exam in the State of Texas and have submitted an “Application of Intent” to the Texas State Board of Public Accountancy to take the CPA exam in order to become certified. Candidates should also have registered for the “Selective Service” or be exempt from this requirement. Additionally, applicants should hold a baccalaureate degree and possess no more than 30 semester hours remaining of coursework to meet the education requirements for taking the CPA exam.
Why We Love the Fifth Year Accounting Student Scholarship Program
No specified GPA is required
The board does not set any specific cumulative GPA for applicants. Therefore, you can submit your application for the scholarship even if you have a low GPA from your school.
Available to undergraduates and postgraduates
The financial award is designed for both students pursuing undergraduate degrees and students pursuing master's and doctoral degrees.
The Fifth Year Accounting Student Scholarship is provided to students irrespective of race, tribe, gender identity and sexual orientation, religion, and disability.
5 Facts About Fifth Year Accounting Student Scholarship Program
The board's act establishes the scholarship program
Sec. 901.653 of the Texas Public Accountancy Act provides for the establishment and improvement of a scholarship program for fifth-year accounting students in the state of Texas.
Increasing the number of CPAs in Texas
The Texas State Board of Public Accountancy aims to increase the number of highly educated professional accountants by offering them scholarships to complete their degrees so that they can become certified and serve the residents of the state.
Revenue from CPA license renewal funds scholarship
CPAs in Texas contribute $10 every year to renew their licenses and the total revenue acquired by the TSBPA is used to fund the scholarship program.
Improving the economy of Texas
By increasing the number of professional accountants in Texas, the Texas State Board of Public Accountancy helps to improve business in the state of Texas and support economic development and financial stability in the state.
The financial aid office determines the eligibility
The TSBPA does not only determine the eligibility for the scholarship as the financial aid office of the applicant's college determines the eligibility for the program.