The Board offers an education assistance program for students who can demonstrate financial need, and are seeking to become a Certified Public Accountant. The program is designed to assist with the cost of tuition for the fifth year of study required to become certified.
Requirements to qualify for the scholarship
- Applicant must demonstrate a financial need.
- Applicant must be enrolled as a student in an Ohio college or university.
- Applicant must have completed 120 semester credit hours prior to the college term for which the first payment is to be received.
- Applicant must have declared a major in accounting or be enrolled in a program that, upon completion, would meet the educational requirements to obtain a CPA certificate.
- Applicant must be in good standing academically as defined by their Ohio college or university.
- Applicant must be an Ohio resident.
- Scholarship money cannot be used for coursework in excess of that required to qualify for CPA certification which is 150 total college credits to include 24 accounting credits and 24 business credits.
- A scholarship shall not exceed the maximum amount payable as determined by the Board, or the student's actual tuition less any other financial aid, whichever is less.
- A scholarship may be paid out as long as the student has not met the education requirements for CPA certification.
Scholarship procedure is determined by Ohio Administrative Code rule 4701-17-04 (C).
As a condition of this scholarship, students agree that they will sit for the CPA exam within two years of receiving their final scholarship payment. Documentation must be submitted to the Board to prove compliance of this requirement within 60 days of sitting for the exam. If a student accepts the scholarship and fails to sit for the exam the scholarship funds are required to be repaid. If a student is not compliant in sitting for the exam, or refunding the scholarship, their information may be turned over to the Ohio Attorney General per Ohio Administrative Code rule 4701-17-04 (D).