New Jersey CPAs Provide $565,000 in Scholarships

On Apr 7, 2015

For more than five decades, the New Jersey Society of Certified Public Accountants (NJCPA) has supported the study of accounting in high school and college. This year, it will award a record $565,000 in scholarships.

“The NJCPA is thrilled that its Scholarship Fund has become the largest professional scholarship program in the Garden State,” says Ralph Thomas, CGMA, CEO and executive director of the NJCPA. “But what’s even more important is giving students who’ve worked hard the opportunity to fulfill their potentials.”

Many of the award recipients and their families will join Thomas for the 55th Annual Scholarship Award Ceremony  on April 23, at the Renaissance Woodbridge Hotel in Iselin. For many of the students, the ceremony and the opportunity to meet with practicing CPAs and representatives from many of the state’s leading accounting firms will give them their first, full-fledged professional networking experience. This year’s scholarships will go to high school and college students representing almost every county in New Jersey.

The NJCPA will begin accepting applications for its 2016 scholarship program in the fall. The NJCPA Scholarship Fund consists of:

• The High School Scholarship Program, which awards scholarships to high school seniors who plan to major in accounting, is based on academic standing, standardized test scores and an essay. These scholarships are presented over four years and are in the amount of $7,000.

• The College Scholarship Program, which awards scholarships to college juniors majoring in accounting who are entering their senior year and seniors who are entering an accounting-related graduate program, is based on recommendations, transcripts, an essay and an interview. Scholarships are awarded in the amount of $5,500.

• The Minority Scholarship Programs, which are supported by the NJCPA in conjunction with the Northern New Jersey Chapter of the National Association of Black Accountants, Inc., and the American Institute of Certified Public Accountants. These programs are open to college students at the junior and senior levels.

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