CMA Scholarships

Government Finance Association of Alabama Scholarship Applications

January 16, 2024 By Lillie Patton

The Government Finance Officers Association of Alabama (GFOAA) plans to award individual scholarships, which will range between $1,000 and $3,000. The scholarships are awarded for a period of one year (for two semesters during the award period - 1/2 of the award will be reimbursed per semester). The 2024-2023 scholarship award period begins summer semester 2024 and extends through spring semester 2025.

Award recipients will also receive a free one-year membership with GFOAA. The membership year will begin April 1, 2024, and end on March 31, 2025. An undergraduate award recipient may reapply for the scholarship as a graduate student.

To receive the scholarship funds, the recipient must submit receipts for tuition, books, and/or fees, as well as a copy of the transcript at the end of the term to the GFOAA. Checks will be made payable to the scholarship recipient.

General Qualifications:

Applicant must be a U.S. citizen.
Priority is given to those students who demonstrate a career interest in the area of
government finance.
The applicant must be attending an accredited Alabama four-year or graduate college or
university during the time of the scholarship award period.
Recipients may be a GFOAA member, as long as all applicable qualifications are met.

Graduate applicants:

Must be accepted and/or enrolled into graduate school at the time of application.
Should have a course of study majoring in accounting, business administration, finance or public administration, as well as:
(a) An undergraduate degree in accounting, business administration or finance, or
(b) A concentration in accounting as defined by the Alabama State Board of Public
Accountancy
Must have completed Intermediate Accounting I or equivalent at the time of application.
Must have a GPA of 3.5 or greater computed on a 4.0 scale if any graduate coursework has been completed at the time of application. Otherwise, the undergraduate GPA criteria applies.
Should reference coursework in government accounting, internship, part time/full time work in government finance, or other information as evidence of interest in the government finance area (if applicable).
For reimbursement, students must complete a minimum of six semester hours each semester with a maximum of two academic semesters funded by the GFOAA scholarship per calendar year. In addition, a cumulative GPA of 3.5 overall must be maintained.