AICPA Names COVID-19 Student Hardship Grant Recipients

The American Institute of CPAs (AICPA) has provided $50,000 in education grants to help undergraduate and graduate accounting students who have suffered financially due to the COVID-19 pandemic.

The pandemic has forced many businesses to close or substantially reduce operations. The grants, funded by the AICPA Foundation, will provide $2,000 to 25 AICPA Student Affiliate members who are experiencing extenuating circumstances, such as loss of job or internship, due to COVID-19 to help cover their education-related expenses.

“The COVID-19 pandemic has caused financial challenges for college students across the country,” said Ernie Almonte, CPA and AICPA Foundation president. “These grants will help students so they can focus on completing their education, entering the accounting profession and becoming CPAs.”

Recipients of the COVID-19 Student Hardship Grants come from 25 colleges and universities in 17 states and are comprised of 14 undergraduate and 11 graduate accounting students.

The grants were open to AICPA Student Affiliate members pursuing an undergraduate or graduate-level degree in accounting or an accounting-related major. Students must be enrolled full-time in an accredited business and/or accounting program for the 2020-2021 academic school year and have completed at least 30 semester hours (or equivalent) of college coursework, including at least 6 hours in accounting.

The AICPA and its Foundation offer a variety of scholarships to help students complete their accounting education and earn their CPA. Current recipients of one of the AICPA’s Legacy Scholarships or CPA Exam Scholarship are not eligible for the Hardship Grants.

Accounting