The American Institute of CPAs (AICPA) is offering up to $50,000 in education grants to help undergraduate and graduate accounting students who have suffered monetarily due to the Covid-19 pandemic.

The grants, which are funded by the AICPA Foundation, will provide $2,000 to up to 25 students who are experiencing difficult circumstances such as the loss of a job or internship due to the pandemic to help cover education related expenses.

AICPA Foundation president Ernie Almonte said: “The coronavirus pandemic has caused financial hardship for many Americans, including college students. We know many students are struggling to cover the cost of their education. The Foundation is committed to supporting these students as they complete their education and enter the profession.”

The grants are open to AICPA Student Affiliate members pursuing an undergraduate or graduate-level degree in accounting or an accounting-related major. To be eligible, students must be enrolled full-time in an accredited business and/or accounting programme for the 2020-2021 academic school year and have completed at least 30 semester hours (or equivalent) of college coursework, including at least six hours in accounting.