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Scholarship Programs

The Illinois CPA Society has a variety of scholarships available to students and CPA candidates. The CPA Endowment Fund of Illinois raised funds from Illinois CPA Society members and their firms and organizations to support these programs because they are dedicated to helping the future of the CPA profession. The scholarship programs support students who are studying accounting and planning to become CPAs. Candidates must demonstrate a course of study which reflects a goal to sit for the CPA exam in Illinois.

Scholarship recipients have studied at a variety of schools throughout the state, from large state universities to small private schools to community colleges. Some scholarships have supported students with their graduate studies, while others support a fifth year of undergraduate education.

Below is a list of scholarship programs and the eligibility requirements. For more information and applications click on the scholarship title. You may be qualified to apply for more than one scholarship. The ICPAS Accounting Scholarships, Herman J. Neal Accounting Scholarship and Women's Executive Committee Scholarship have one application form. Applicants should indicate all scholarships to which he/she is applying.

Illinois CPA Society Accounting Tuition Scholarship
Multiple scholarships, up to $2,000 each.

Eligibility:

  • Non-CPAs enrolled in an Illinois college or university as a senior or graduate student for the 2013-14 academic year.
  • Be a US citizen or permanent resident, permanently residing in 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.

Illinois CPA Society Accounting Textbook Scholarship
Multiple scholarships, up to $500 each.

Eligibility:

  • Non-CPAs enrolled in an Illinois college or university as a junior, senior or graduate student for the 2013-14 academic year.
  • Be a US citizen or permanent resident and permanent Illinois Resident
  • Be an Accounting major
  • Have a 3.0/4.0 GPA or equivalent 

CPA Exam Award Program
Awards for up to $743 each for reimbursement of NASBA fee

 Eligibility:

  • Be a U.S. citizen or permanent resident, permanently residing in Illinois.
  • Not be reimbursed for CPA Exam fees by an employer
  • Maintain a current or final cumulative GPA of 3.0/4.0 or equivalent
  • Have pre-approved status by Illinois Board of Examiners and agree to take at least one part within nine months of the date on the application approval letter from the Board of Examiners. Applicants for this award must not have completed all four parts of the exam, but may apply with a portion of the exam completed.
  • Complete all four parts of the exam within 18 months of being approved to test by the Illinois Board of Examiners. If all four parts are not completed within 18 months, candidates may be asked to refund all, or a portion of the award based on number of parts completed.

Women's Executive Committee Advancing Women in Accounting Scholarship
Multiple scholarships, up to $4,000 each.

Eligibility:

  • Non-CPAs enrolled in an Illinois college or university as a senior or graduate student for the 2013-14 academic year.
  • Be a woman, US citizen or permanent resident, permanently residing in Illinois.
  • Have a 3.0/4.0 GPA or equivalent
  • Plan to sit for the CPA Exam in Illinois within three years of application date and demonstrate a course of study that reflects this goal.
  • Demonstrate leadership potential

Herman J. Neal Scholarship
Multiple scholarships, up to $4,000 each.  

Eligibility:

  • Non-CPAs enrolled in an Illinois college or university as a junior, senior or graduate student for the 2013-14 academic year.
  • Be an African-American, US citizen or permanent resident, permanently residing in Illinois
  • Have a 3.0/4.0 GPA or equivalent
  • Plan to sit for the CPA Examination in Illinois within three years of application date, and demonstrate a course of study in accounting.

Mary T. Washington Wylie Opportunity Fund
Internship Preparation Program
Date and Location:
January 2014 in Chicago

Eligibility Requirements:

  • Be enrolled in an Illinois college or university as a sophomore or junior for the 2013-14 acedemic year.
  • Be an African-American or other underrepresented minority.
  • Be a U.S. citizen or permanent U.S. resident.
  • Intend to major in accounting and ultimately become a CPA (or current accounting major).
  • Completion of an introductory accounting course is preferred.
  • Have a 3.0/4.0 GPA or equivalent.
  • Not currently committed to a particular accounting firm for an internship.
  • Submit a completed application with supplemental information by selected date
  • Available to attend the program January 2014 in Chicago.

 University-Based Scholarship Programs 

Arthur R. Wyatt Accounting Scholarship
University of Illinois at Urbana-Champaign

Arthur R. Wyatt, Adjunct Professor of Accountancy, established this scholarship program for accounting students at the University of Illinois. This program provides up to $4,000 in scholarship support to a student who will begin their fifth year of education in the upcoming academic year. Applicants should demonstrate a dedication to becoming a CPA, as well as financial need.

 *For more information, contact the U of I Department of Accountancy at 217.333.0857 or  accy@illinois.edu.

Needles/Snow/Wish Success Through Scholarship
DePaul University

Belverd E. Needles Jr., William B. Snow and Ernest R. Wish, in partnership with Ledger & Quill and DePaul University, established this scholarship program for accounting students at DePaul University. This program provides scholarships to students who are enrolled as intended accounting majors entering their junior year, or declared accounting majors entering their senior year.  Applicants should demonstrate a dedication to becoming a CPA, as well as financial need. 

 *For more information, contact the DePaul School of Accountancy at 312.362.8770 or  accountancy@depaul.edu.

Kenneth J. and Jacqueline M. Hull Accounting Scholarship
Southern Illinois University Carbondale

Kenneth J. Hull, former president and CEO of Follett Corporation, established this scholarship program for accounting students at Southern Illinois University Carbondale. This program provides scholarships to students, freshmen through seniors, interested in joining the accounting profession.

*For more information, contact the SIU School of Accountancy at 618.453.2289.

Edilberto C. and Carmelita M. Ortiz Accounting Scholarship
Northern Illinois University

Edilberto C. Ortiz, managing partner of E. C. Ortiz & Co., LLP, established this scholarship program for accounting students at Northern Illinois University. This program provides scholarships to junior, senior or graduate students who maintain an overall 3.0/4.0 GPA or equivalent.

*For more information, contact the NIU Accountancy Department at 815.753.1637. 

Other Accounting & Business Scholarships

Other Scholarship Resources and Links

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