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.