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Illinois CPA Society
Herman J. Neal Scholarship

This scholarship fund supports African-American students in their pursuit of an accounting education and the CPA designation. This year, the Herman J. Neal scholarship fund will provide scholarships of up to $4,000 each to African-American accounting students who show significant potential to become CPAs and demonstrate achievement as well as financial need. These scholarships support students with their junior or senior year, or with the additional year, (30 semester) hours needed to sit for the CPA Exam which can include graduate studies.

Scholarships cover the costs of tuition and fees and can include up to $500 in expenses for books and required classroom materials. They do not cover costs of CPA Exam review courses.

This scholarship program was established in honor of the deceased Dr. Herman J. Neal, a distinguished Chicago physician, because of his strong beliefs in opening doors to opportunity, and in the value of education and scholarship for African-Americans.


  • Non-CPAs enrolled in an Illinois college or university as a junior, senior or graduate student for the 2014-15 academic year
  • Be an African-American
  • U.S. Citizen or permanent resident
  • Be a permanent resident of Illinois
  • Have 3.0/4.0 GPA or equivalent
  • Plan to sit for the CPA Examination in Illinois within three years of application date, and demonstrate progress in a course of study in accounting

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.

Download the 2014-15 Accounting Scholarship Application here.

Applications are due April 1, 2014.


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