In 2012, the CFA Institute made a change to the scholarship program with the introduction of the new Access Scholarship Program, a needs-based scholarship opportunity for those who are unable to afford the full price of the CFA Program enrollment and registration fees. In order to promote the CFA Program to those in financial need, the CFA Institute transitioned to a new scholarship program.
The Access Scholarship program will continue to involve local member societies and leverage their local presence and knowledge in the selection of recipients. At the same time, the CFA Institute implemented a uniform global application process that simplifies the scholarship search for prospective candidates.
Interested candidates should note that obtaining a scholarship will now take some advance planning, much like financial aid applications for students attending a university. Access scholarships are awarded in December to be applied to exams in the following year. If awarded, the recipient can apply the scholarship to
- the June exam (Levels I, II, and III) or
- the December exam (Level I only).
Registration for applications will open at the beginning of the year and application deadlines falling in the middle of the year.
Application for 2020 exams:
- Available 1 March 2019
- Must be completed by 15 September 2019
- Scholarship are awarded by 1 December
For further information, please follow the link to CFA Institute's page for Scholarships.