This program offers reduced costs for college or university students enrolling in the CFA Program.

A sponsoring professor must be a CFA charterholder in good standing, not in a Retired membership status, and a full-time faculty member at the student’s university teaching at least six credit hours per quarter or semester. Administrators must teach a minimum of three credit hours per quarter or semester. The university must offer a bachelor's degree (or equivalent) or higher. Professors on leave or sabbatical from their primary university six months before the exam are not eligible. Professors may establish their own criteria for selecting student scholars. Discrimination on the basis of race, religion, gender, or nationality is prohibited. Suggestions for criteria include financial need, scholastic grades, or essays.

Student scholarships are only available to new Level I candidates enrolling and registering for the first time. Applicants must be full-time college or university students in their final undergraduate year, scheduled to receive a bachelor’s degree (or equivalent), or full- or part-time graduate students. Applicants must attend the same university where the sponsoring professor teaches. Applicants must fulfill all CFA candidate requirements to enroll.

A professor may award a maximum of five student scholarships per fiscal year. Universities with more than one qualified professor on staff may award a maximum of 10 scholarships per fiscal year. Each fiscal year incorporates the December exam and the June exam of the following year.

• For the 2012 exam offering, the CFA Program enrollment fee (if applicable) is waived and the exam registration fee is discounted.

Scholarship candidates are responsible for any additional costs for substituting or adding the print option, including curriculum and shipping costs* plus any applicable taxes and import duties.

Scholarships cannot be deferred to another exam offering.

Carefully read the following before completing the form:

• Complete the Candidate Section by typing directly into the editable form where indicated so that your contact information may be easily read.

December 2012 Student Scholarship Form (PDF)

• Print the completed form and then add your signature and date.
• Submit the form to your sponsoring professor for completion of the Professor Section, and then submit the form to CFA Institute by e-mail or fax. Please submit the form only once. Keep your e-mail copy or fax transmittal receipt for your records. 

*Note: Visa, MasterCard, American Express, Diners Club, and JCB are accepted. CFA Institute does not accept Discover, debit cards, or other cards and does not invoice for payment. Candidates who have enrolled/registered for the current exam prior to award of a scholarship will receive a refund of the fees paid except curriculum and shipping fees and any taxes and import duties.