Advancing Knowledge in Financial Planning
CFP Certification Scholarship List
Now, more than ever, financial advisors (and aspiring financial advisors!) are choosing to pursue CFP certification as a path to honing their expertise and better serving their clients. However, the cost of obtaining CFP certification, between the classes, CFP exam review, and even the CFP exam fee itself, can be prohibitive for many.
Fortunately, an increasing number of scholarships are now becoming available to CFP certificant candidates to help offset the cost of tuition (for either an undergraduate degree or certificate program that meets the required educational component), conferences, CFP exam prep classes, and exam fees. CFP certification scholarships are awarded both on a needs-based and merit-based basis, with a growing number of specific scholarships reserved for individuals from underrepresented groups to help improve the inclusivity of the financial advisor community.
In an effort to make these financial support programs more accessible, we are pleased to share the following list of scholarships. Additionally, the list can also be filtered by type of scholarship, eligible candidates, or application method (essay, interview, etc.), to make finding the most relevant opportunities even easier!
Our CFP certification scholarship database is regularly updated, so don’t forget to bookmark this page and check back frequently!
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2050 TrailBlazers and Zahn Associates
Amount: $1, 045
The 2050 TrailBlazers/YGC Wealth and Zahn Associates CFP Exam Review Scholarship is awarded to financial planning professionals who have demonstrated a desire to promote diversity in the profession.
Scholarship Type: CFP Exam Review
Applicant Type: Open
Abacus Wealth Partners
Amount: Up To $5, 000
The Abacus Wealth Partners Scholarship provides financial assistance to students pursuing CFP certification who are from populations underrepresented in the profession and have a financial need.
Scholarship Type: Undergraduate Tuition, Certification Tuition
Applicant Type: Underrepresented Population
Boston Institute of Finance
The Boston Institute of Finance awards more than $50, 000 of tuition relief each year for its affiliated CFP education program.
Scholarship Type: Certification Tuition, CFP Exam Review
Applicant Type: Financial Need
Boston University
Amount: $2, 000
This scholarship supports students currently enrolled at the Boston University Center for Professional Education with preference for students who have experience in financial planning.
Scholarship Type: Certification Tuition
Applicant Type: Open
Cal Lutheran
Amount: $5, 000
The California Lutheran Scholarship is awarded to qualified individuals seeking to complete its Certificate of Financial Planning program. Awardees will also receive a complimentary registration to attend one Academic Research Colloquium for Financial Planning and Related Disciplines.
Scholarship Type: Certification Tuition
Applicant Type: Underrepresented Population, Financial Need
Richard B. Wagner
Amount: $5, 000
The Richard B. Wagner Memorial Scholarship Fund supports qualified students demonstrate financial need and are from populations that are underrepresented in the financial planning profession.
Scholarship Type: Certification Tuition
Applicant Type: Underrepresented Population, Financial Need
Aspirant
Amount: $5, 000-$10, 000
The Aspirant Impact Scholarship is awarded to students in CFP Board-registered programs with a diverse background or who demonstrate financial need.
Scholarship Type: Certification Tuition, Undergraduate Tuition
Applicant Type: Underrepresented Population, Financial Need
Ballentine Partners
Amount: Up To $5, 000
The Ballentine Partners Scholarship provides financial assistance to qualified individuals who identify as Black or African American and/or Hispanic or Latino and who strive to obtain the CFP certification.
Scholarship Type: Certification Tuition, Undergraduate Tuition, Graduate Tuition
Applicant Type: Underrepresented Population
Facet Wealth
Amount: Up To $5, 000
The Facet Scholarship provides financial assistance to qualified African-American/Black candidates for CFP certification.
Scholarship Type: Certification Tuition, Undergraduate Tuition
Applicant Type: Black or African American
Foundation
Amount: $5, 000-$10, 000
This scholarship provides financial support to individuals seeking to complete requirements for CFP certification through an undergraduate or certificate program, demonstrate financial need, and are from underrepresented populations in financial planning.
Scholarship Type: Certification Tuition, Undergraduate Tuition
Applicant Type: Underrepresented Population, Financial Need
CFP Board
Amount: Up To $5, 000
The scholarship awards up to $5, 000 per student seeking to complete an undergraduate-level or a certificate-level CFP Board Registered Program, either of which would qualify the student to sit for the CFP exam.
Scholarship Type: Undergraduate Tuition, Certification Tuition
Applicant Type: Women
Charles Schwab Foundation
Amount: $5, 000-$10, 000
The Charles Schwab Foundation Scholarship provides financial assistance to individuals aspiring to become a CFP professional who are from populations underrepresented in the profession, as well as those who have a financial need.
Scholarship Type: Certification Tuition, Undergraduate Tuition
Applicant Type: Underrepresented Population, Financial Need
College For Financial Planning
Amount: Full Tuition
The David M. King Scholarship is typically awarded annually to a recipient with experience in the financial planning profession who shows significant potential for industry leadership.
Scholarship Type: Certification Tuition
Applicant Type: Open
College of Financial Planning
Amount: Full Education And Exam Prep Tuition
The College For Financial Planning awards up to 60 scholarships annually to qualified individuals seeking to complete the education requirement needed to attain CFP certification and who are from an underrepresented population within the financial planning field.
Scholarship Type: Certification Tuition, CFP Exam Review
Applicant Type: Underrepresented Population
College For Financial Planning
Amount: Full Tuition
The College for Financial Planningawards several scholarships annually to individuals who serve or have served in the U.S. Armed Forces. These military scholarships are available to eligible individuals who show significant potential or have already achieved outstanding success in finance, financial planning, and/or financial analysis, and who show promise of being future industry leaders.
Scholarship Type: Certification Tuition, Graduate Tuition
Applicant Type: Military
College For Financial Planning
Amount: Full Tuition
The Loren Dunton M.S. Program Merit Scholarship is awarded to individuals who have proven to be leaders in the financial planning field and have given back to the profession.
Scholarship Type: Graduate Tuition
Applicant Type: Open
College For Financial Planning
Amount: Full Tuition
The scholarship covers the full cost of the College For Financial Planning’s Premium CFP Exam Prep Review for applicants from an underrepresented population within the financial planning profession in terms of gender, race or ethnicity.
Scholarship Type: CFP Exam Review
Applicant Type: Underrepresented Population
Dalton Education
Amount: Up To $3, 000
The Dalton Education Diversity Scholarship is awarded to individuals who intend to pursue a career in the financial planning field, and are from an underrepresented population in terms of gender, race or ethnicity, and/or are a military veteran or a spouse of a military veteran.
Scholarship Type: Certification Tuition
Applicant Type: Underrepresented Population, Military
Edelman Financial Engines
Amount: Up To $5, 000
The Edelman Financial Engines Scholarship is awarded to students in CFP Board-registered certificate program students who have faced adversity.
Scholarship Type: Certification Tuition
Applicant Type: Underrepresented Population, Financial Need
Financial Alliance For Racial Equity
Amount: $5, 000-$7, 000
The FARE Scholarship provides financial assistance to qualified individuals who identify as Black or African American and who strive to obtain the CFP certification.
Scholarship Type: Certification Tuition, Undergraduate Tuition
Applicant Type: Black Or African-American, Financial Need
FPA of Dallas/Ft. Worth
Amount: $825
The FPA DFW Dennis Carpenter Scholarship is awarded to an aspiring CFP professional who attends school in or lives in the Dallas-Forth Worth area.
Scholarship Type: CFP Exam Fee
Applicant Type: Location
FPA of Dallas/Ft. Worth
Amount: $1, 400
The FPA DFW E.W. “Woody” Young Scholarship is for aspiring CFP professionals who live or attend school in the Dallas-Fort Worth area.
Scholarship Type: CFP Exam Review
Applicant Type: Location
FPA of Dallas/Ft. Worth
Amount: $825
The FPA DFW Pamela Yip Scholarship is for aspiring CFP professionals who live in or attend school in the Dallas-Fort Worth area.
Scholarship Type: CFP Exam Fee
Applicant Type: Location
FPA of Dallas/Ft. Worth
Amount: $1, 400
The FPA DFW Peggy Everson Scholarship is for aspiring CFP professionals who live or attend school in the Dallas-Fort Worth area.
Scholarship Type: CFP Exam Review
Applicant Type: Location
FPA of Dallas/Ft. Worth
Amount: $825
The FPA DFW SFMG Wealth Advisors Merit Scholarship is awarded to an aspiring CFP professional who attends school or lives in the Dallas-Fort Worth area.
Scholarship Type: CFP Exam Fee
Applicant Type: Location
FPA of Massachusetts
Amount: $1, 000
The FPA of Massachusetts Scholarship is awarded to an aspiring CFP professional who demonstrates academic and/or professional accomplishment.
Scholarship Type: Certification Tuition, Undergraduate Tuition, CFP Exam Review
Applicant Type: Open
FPA of Miami
Amount: $825
Three times per year, correlating with the CFP exam cycle, FPA of Miami will award one scholarship to be applied toward the exam fee.
Scholarship Type: CFP Exam Fee
Applicant Type: Open
FPA Of Michigan
Amount: $250
Stipend for use on a review course for the CFP Exam or to defray the cost of the exam itself.
Scholarship Type: CFP Exam Review, CFP Exam Fee
FPA of Minnesota
Amount: $1, 000
The FPA of Minnesota Montgomery Scholarship provides financial assistance to FPA of Minnesota members seeking support with their career development in the financial planning industry.
Scholarship Type: Certification Tuition
Applicant Type: Location
FPA of Nebraska
The FPA of Nebrasksa Scholarship is designed to assist and recognize students pursuing their CFP designation.
Scholarship Type: Certification Tuition
FPA of Southwest Florida
Amount: $300
The FPA of Southwest Florida CFP Exam Scholarship supports candidates planning to sit for the CFP Exam or who have passed the exam within the past 12 months.
Scholarship Type: CFP Exam Fee
Applicant Type: Open
FPA of Wisconsin
Amount: $825
The FPA Of Wisconsin CFP Exam Scholarship is awarded to a Wisconsin resident registered to sit for the CFP Exam.
Scholarship Type: CFP Exam Fee
Applicant Type: Location
FPA Oregon And SW Washington
Amount: $1, 000
Each of the winners of this scholarship will receive a $1, 000 merit-based CFP Certification Examination reimbursement or related study group expenses scholarship. Applicants must be a member of the Oregion & SW Washington FPA chapter or a current undergraduate or graduate student.
Scholarship Type: CFP Exam Fee, CFP Exam Review
Applicant Type: Location, Student
LearnLux
Amount: $3, 000
The LearnLux Scholarship covers test preparation materials and the cost of sitting for the CFP Exam.
Scholarship Type: CFP Exam Review, CFP Exam Fee
Applicant Type: Underrepresented Population
NAPFA Foundation And EP Wealth Advisors
Amount: $2, 500
The Lynn Ballou Scholarship provides assistance to aspiring CFP professionals with a demonstrated financial need.
Scholarship Type: Certification Tuition, Undergraduate Tuition
Applicant Type: Financial Need
Measure Twice Planners and the Boston Institute Of Finance
Amount: Full Tuition
The Measure Twice Planners scholarship program provides full-ride CFP education scholarships to candidates with demonstrated financial need.
Scholarship Type: Certification Tuition
Applicant Type: Financial Need
Mission Wealth
Amount: $5, 000
The Mission Wealth Scholars program provides financial assistance to individuals aspiring to become a CFP professional with a financial need and/or who are from populations underrepresented in the profession.
Scholarship Type: Certification Tuition, Undergraduate Tuition
Applicant Type: Underrepresented Population, Financial Need, Location
Modera Wealth Management
Amount: Up To $5, 000
The Modera Wealth Management Scholarship provides financial assistance to qualified students in the Southeast United States who are from underrepresented populations in the profession and who strive to obtain the CFP certification.
Scholarship Type: Undergraduate Tuition, Certification Tuition
Applicant Type: Underrepresented Population, Location
Amount: Up To $1, 000
The NAPFA DEI Scholarship provides a reimbursement for the CFP exam fee or for taking a CFP live review course.
Scholarship Type: Certification Tuition
Applicant Type: Underrepresented Population
Amount: CFP Exam Fee
The NAPFA Sid Blum Scholarship reimburses a selected NAPFA member for their CFP Exam fees.
Scholarship Type: CFP Exam Fee
Applicant Type: Open
Amount: $2, 500
The NAPFA Women's Initiative Scholarship provides female recipients with $2, 500 toward undergraduate tuition, a complimentary 1-year student affiliate membership to NAPFA, and mentoring opportunities.
Scholarship Type: Undergraduate Tuition
Applicant Type: Women
New Planner Recruiting
Amount: $3, 000
The New Planner Recruiting Scholarship is awarded to an aspiring or current financial planning student who has yet to complete all of the courses necessary to sit for the CFP exam.
Scholarship Type: Certification Tuition
Applicant Type: Open
Salem University
Amount: $1, 000
The Salem University Dean's Scholarship is awarded to individuals with demonstrated financial need, are from underrepresented populations within the financial planning profession in terms of gender, race and ethnicity, and/or are a US Military Veteran.
Scholarship Type: Certification Tuition
Applicant Type: Underrepresented Population, Financial Need, Military
Texas Tech University
Amount: Various
The Texas Tech Personal Financial Planning program awards scholarships to both undergraduate and graduate students based on excellence in academics, leadership, and financial need.
Scholarship Type: Undergraduate Tuition, Graduate Tuition
Applicant Type: Organization Member
The American College Of Financial Services
Amount: Various
The American College offers scholarships for those who have demonstrated great leadership, come from underrepresented communities, and other exceptional individuals who are poised to make a great impact on financial services.
Scholarship Type: Certification Tuition
Applicant Type: Open
Corient
Amount: $5, 000
The Corient Scholarship provides financial assistance to aspiring CFP professionals who are from populations underrepresented in the profession, as well as those who have a financial need.
Scholarship Type: Undergraduate Tuition, Certification Tuition
Applicant Type: Underrepresented Population, Financial Need
Envestnet
Amount: $5, 000-$10, 000
The Envestnet Scholarship offers scholarships to qualified individuals who can demonstrate financial need and are from underrepresented populations within the financial planning profession.
Scholarship Type: Certification Tuition, Undergraduate Tuition
Applicant Type: Underrepresented Population, Financial Need
Amount: Up To $5, 625
This scholarship provides financial support to college Juniors and Seniors in strong academic standing who are seeking to complete the education requirement for CFP certification through an undergraduate-level CFP Board Registered Program.
Scholarship Type: Undergraduate Tuition
Applicant Type: Underrepresented Population, Financial Need
CFP Board Center For Financial Planning
Amount: Up To $5, 000
The LeCount R. Davis Scholarship provides financial assistance to qualified Black or African American students who strive to obtain the CFP certification and who demonstrate merit or financial need.
Scholarship Type: Undergraduate Tuition, Certification Tuition
Applicant Type: Black or African American
CFP Board Center For Financial Planning
Amount: $625
This scholarship is a $625 award toward the CFP Exam fee for women under the age of 40 and honors trailblazing financial planner Peggy Ruhlin.
Scholarship Type: CFP Exam Fee
Applicant Type: Women
Wealthspire Advisors
Amount: $5, 000
The Wealthspire Advisors Scholarship is aimed at aspiring CFP professional who are from populations underrepresented in the profession and who seek financial assistance.
Scholarship Type: Certification Tuition, Undergraduate Tuition
Applicant Type: Underrepresented Population, Financial Need
XYPN Planning Network
Amount: $200
XYPN members can receive $200 off the exam price using the XYPN discount code, available on the members-only forum.
Scholarship Type: CFP Exam Fee
Applicant Type: Organization Member
XYPN Planning Network
Amount: Full Exam Fee
The XYPN CFP Exam Scholarship is awarded to XYPN members who have met CFP Board’s education coursework requirement and plan to take the CFP Exam for the first time under XYPN membership.
Scholarship Type: CFP Exam Fee
Applicant Type: Organization Member
XYPN Planning Network
Amount: Full Exam Fee
The XYPN Diversity CFP Exam Scholarship is awarded to advisors from underrepresented groups within the financial planning community.
Scholarship Type: CFP Exam Fee
Applicant Type: Underrepresented Population
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