While grants and loans may cover some your grad school costs, you should also consider applying for at least one of these scholarships for finance graduate degrees. These scholarships can provide you just enough cash to pay for your supplies and the costs associated with attending conferences, but you may also qualify for enough scholarships that you do not need to take out a single loan for grad school.
Minorities in Government Finance Scholarship
According to Peterson’s, the average cost of attending grad school is $30,000 a year at a public university and up to $40,000 a year at a private college. The Minorities in Government Finance Scholarship awards qualified applicants $5,000 a year, which will go a significant way towards paying off your tuition. This scholarship is open to students majoring in accounting, finance or economics, but it is only open to minority students. The Government Finance Officers Association created the program as a way to increase the number of minorities studying finance.
Frank L. Greathouse Government Accounting Scholarship
Though it has the word accounting in its title, the Frank L. Greathouse Government Accounting Scholarship is also open to finance students. The program does not require that you attend any one specific college, but it does require that you enroll full-time in a program at an accredited college or university. You must also agree that you will work for some level of the government after graduation. This scholarship awards students $5,000, and you can apply for the scholarship during your undergrad years and after attending grad school.
American Institute of CPAs John L. Carey Scholarship
One of the best scholarships for finance graduate degrees is the John L. Carey Scholarship, which is available through the American Institute of CPAs. CPAs are certified professional accountants. They must take at least five years of accounting classes and pass a licensing exam before working as a CPA. There are 10 scholarships available each year that award students $5,000 that they can use to cover their expenses. The unique thing about this scholarship program is that it is open to students entering grad school for finance and accounting degrees who earned a degree in another subject.
Accounting and Finance Women’s Alliance Scholarship
Though the Accounting and Finance Women’s Alliance offers an undergrad scholarship, it also offers one for graduate students. You must show proof that you are a graduate student currently enrolled in either a finance or accounting program at an accredited college. You may also qualify if you received an acceptance letter from one of these programs. Though this is one of the top scholarships for finance graduate degrees, awarded sizes vary. You’ll also need to apply directly through a branch of the alliance in your area.
Daniel B. Goldberg Scholarship
The Daniel B. Goldberg Scholarship is one of the largest scholarships for finance graduate degrees. It is available from the Government Finance Officers Association. Though only one student may receive the scholarship each year, that lucky student receives $13,000 to put towards his or her education. Applicants must show proof that they have finance experience and explain what they will use the money for while in grad school. The scholarship also comes with a stipend that lets the student attend the organization’s annual conference for free.
Graduate school is quite expensive. You may not qualify for grants, and there is a risk that you cannot take out enough loans to cover all your costs. With scholarships for finance graduate degrees, you can get enough financial assistance to significantly reduce the amount you must pay out of pocket every year in your program.