Illinois CPA Society Freshman Scholarships

$2,000Award Amount
1Number of Awards
5/31/2023Submission Deadline

The CPA Endowment Fund of Illinois in partnership with the Illinois CPA Society Scholarship grants funds to students from the minority community for pursuing studies in accounting.

The Illinois CPA Society, established in 1903, is one of the oldest accounting societies in the U.S. It has seven chapters spread across the state.

The organizers are encouraging young accounting African-American, Hispanic and other minority students to complete their education and become professional CPAs.

Key Information of Illinois CPA Society Freshman Scholarships

Study Details

Area of Study


Country of Study


Specific Schools


Scholarship Details

Intended Level of Study


Award Amount


Number of Awards


Illinois CPA Society Freshman Scholarships Timeline

January 2023

Application Open Date

Applications open around early January each year.

May 31, 2023

Submission Deadline

The last date of submission is the end of May.

Scholarship Eligibility

To be eligible to apply, applicants must meet the following criteria.

  • Eligible Grade: High School Senior – College Freshman
  • Maximum Age: Any
  • Required GPA: 3
  • Geographic Eligibility: United States
  • Gender: Any
  • Race/Ethnicity: Alaskan Native, Asian American, Black, Hispanic, Native Hawaiian, Native North American, Pacific Islander

Application Requirements

Here’s what you need to submits besides your application.

  • * None

How to ace the Illinois CPA Society Freshman Scholarships


Highlight your Professional Attitude

The scholarship is competitive and several candidates apply. To avoid rejection, review your application for any spelling mistakes, grammatical errors, and typographical mistakes.


Highlight your community involvement

The organizers of this scholarship are deeply involved in the development of the community. You should mention your keen interest to help the community after completion of your academic course.


Support your application with your achievements

Mention your academic achievements in school. Giving a list of awards you received for academic excellence will help you stand out.


Review accounting journals and publications by professionals

Understanding new accounting methods and principles will help you to advance your knowledge in this discipline. The scholarship judges will be impressed by your keen passion and interest in this field.

How the Illinois CPA Society Freshman Scholarships is Judged

The applicants are judged based on their academic credentials, leadership qualities, and financial need.

Why We Love the Illinois CPA Society Freshman Scholarships


Creating a pool of professional CPAs

The professional CPAs are highly skilled and are in great demand in the American industry.


Encourages students to pursue accounting

Although it is preferred that applicants complete high school-level accounting, it’s not a requirement. This helps encourage students who developed an interest late in school to pursue their dream career.


Helps the minority communities in Illinois

The scholarship is a great way to educate the community and help African-American students to advance in their career paths.

5 Facts ABout the Illinois CPA Society Freshman Scholarships


Minimum GPA required to be eligible

The applicants must have a minimum GPA of 3.0 on a scale of 4 to be eligible to apply.


U.S. citizens and permanent residents are eligible

The applicants must be citizens of the United States or have permanent resident status to be eligible to apply for these scholarships.


Must be students in colleges or universities in Illinois

The applicants must be enrolled in the colleges or universities located in the state of Illinois.


Applicants must prove their financial need

The applicants must give proof of their financial needs. Application to FAFSA may be considered.


CPA Endowment Fund of Illinois is a charity

The fund is a charitable fund and donors are exempted from paying taxes. It is registered as a nonprofit 501(c) (3) organization.

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