Last updated: November 23, 2021

or
How to Reduce CFA Exam Cost

CFA exam / Registration / Scholarships


If you plan to become a CFA charterholder but you are worried it will cost you a fortune, you couldn't be more wrong. CFA Institute offers scholarships that make the exam more affordable. For all those who cannot afford full CFA Program fees awaits Access Scholarship. Also, there’s an offer for students and for women.


CFA® Institute Access Scholarship Program

Access Scholarship for 2022 CFA exams is available from 10 January 2022. The deadline for your 2022 CFA exam Access Scholarship application passes on 14 February 2022. If you apply, you can expect to receive a positive or negative decision no later than 31 March 2022.

The application period always concerns all 3 levels of the CFA exam.

Note that in 2022 there will be yet another Access Scholarship application window open from 9 May to 13 June 2022.


See if you meet CFA exam requirements

Learn about the CBT changes to CFA exam


Your CFA Exam Access Scholarship

Access (needs-based) Scholarship is intended for you particularly if you feel that the CFA exam cost is a challenge owing to your difficult financial situation. It is available to both new and existing candidates and can be used for all exam levels.

The application deadline was always the same for all exams coming up the next calendar year and it expired in September of the year preceding the exams, which made it really difficult for candidates to plan their exams.

However, CFA Institute has introduced some new rules governing the Access Scholarship. Now, with the new application dates, the most popular scholarships should be easier to obtain. Fingers crossed!



APPLICATION WINDOWS for ACCESS SCHOLARSHIP:

UPCOMING * 10 January - 14 February 2022

* You can expect a decision no later than 31 March 2022.

NEXT 9 May - 13 June 2022



To apply for your 2022 CFA exam Access Scholarship, you need to register at the CFA Institute website. After you create your account, you will be able to submit your application. Do not register for your exam though before you receive the scholarship. NOTE: No changes are possible once you submit your application!


register with CFA Institute apply wait for scholarship register for your exam & make the payment


When to Pay if I Apply for My CFA Exam Access Scholarship?

If you register for your exam before you get your scholarship award decision, you'll have to pay the unreduced fee. If you'll pay, CFA Institute will conclude that you can afford the exam and will deny you the scholarship. Wait for your scholarship first. You will register for your exam when your scholarship is awarded to you and you will make the reduced payment of USD 250 then.



CFA exam registration = fee payment

register after scholarship award but watch the registration deadline!



See all CFA exam registration deadlines.


Access Scholarship:
The Biggest Cost Reduction

How much you pay for your CFA exam depends on when exactly you register. In 2021 and 2022, the CFA exam cost without a scholarship is at least USD 700.

See other CFA exam fees.

With Access Scholarship, exam registration fee is cut down to USD 250, which makes it the biggest exam cost reduction there is (included in the price is the enrollment fee if applicable).


Smart Preparation Starts With Smart Planning

When your plans have this dangerous tendency to fall through - you need more than just timetabled topics!

You need concrete CFA exam readings assigned to concrete study weeks,
weekly progress assessments,
and all the means to stay in charge!

CREATE YOUR STUDY PLAN NOW

& personalize it to suit your needs!




What Else Should I Know?

If you gain your Access Scholarship, you must register for your CFA exam within a timeframe of 7 months (an exact expiration date should be given in your scholarship award email). As a rule, there's no transfer of scholarships between the exams (an exception was made for Access Scholarships awarded for postponed 2020 CFA exams – they could be used for any 2021 exam). Also, it's best if you sit for the exam for which your scholarship was awarded or you may be denied your Access Scholarship in the future.

IMPORTANT! You are not eligible for Access Scholarship if your employer financially supports your participation in the CFA Program.


Access Scholarship Personal Statement

When applying for your Access Scholarship you are asked to provide your identification details. You also need to give your personal financial statement and explain why earning Access Scholarship is important to you. Remember that apart from your financial needs, also your personal story is of value here. When writing your application, try to distinguish yourself from other candidates. Think about what favors you and why CFA Institute should invest in you.



APPLICATION TIP:

To apply, log into your account on the CFA Institute’s website.
To view the whole application form, download it.



GET WEEK-TO-WEEK PREP CONTROL


Before you register with CFA Institute and submit your application, read the Access Scholarship Official Rules and make sure you meet CFA Program entrance requirements.


CFA Institute Access Scholarship:

USD 250 is all you pay for your exam

all CFA exam levels: level 1, level 2, level 3

if awarded – register within 7 months for your CFA exam

new candidate-friendly application cycle



Other CFA Institute Scholarships

CFA Institute awards scholarships to individuals from specific circles strategic for the world of investment and finance. Special scholarships also support women and qualifying students. Such scholarships are available to both new and existing candidates and can be used for all exam levels.

See if you meet CFA exam requirements


5 Types of Dedicated CFA Institute Scholarships

Women’s Scholarships – for women not eligible for other scholarships and not yet registered for their exam >> note that the scholarships can be limited in number and are now considered on a “rolling” basis, which means that there’s no one fixed deadline.


YOUR PERSONALIZED CFA EXAM STUDY PLAN

YOUR PERSONALIZED STUDY PLAN


Student Scholarships – awarded through universities and colleges affiliated with the CFA Program, so check with your school whether you can apply.

Professor Scholarships – requirements to meet: specified number of teaching hours (full-time professor) + employment verification attachments.

Regulator Scholarships – for entities supervising or regulating the investment management industry (full-time qualified employees only).


Dedicated Scholarships Reduce CFA Exam Cost

With a special scholarship, exam registration fee is cut down to USD 350. Included in the price is the enrollment fee (if applicable).

See other CFA exam fees.


Women's Scholarship: No 1 Fixed Deadline!

Ever since CFA Institute started to offer scholarships for women, there's been a greater demand than expected. Right from the very beginning in 2017, all scholarships were always awarded way before the official deadline. That is why – for this particular CFA exam scholarship – it is not so much the deadline as the starting date that is so crucial. Enough to say that for December 2020 candidates the application window for Women’s Scholarships was closed by mid-April 2020 (the application window was open from early February 2020).

Currently, the Women’s Scholarships are awarded on a “rolling” basis. So, there’s no one fixed deadline! Instead, many short application windows are available, which should make the Women’s Scholarships more accessible. Check back here or go to your CFA Institute’s account for updates concerning the availability of CFAI. Women’s Sholarships:


APPLICATION WINDOWS for WOMEN'S SCHOLARSHIP:

CURRENTLY OPEN * 1 - 28 November 2021

* You can expect a decision no later than 18 December 2021.

UPCOMING 1 – 28 January 2022



Read more about Women's Scholarship here


To apply you need to create your account at the CFA Institute website. Do not register though for your exam before you receive your scholarship.


register with CFA Institute apply wait for scholarship register for your exam & make the payment



When to Pay if I Apply for My Dedicated Scholarship?

You must not register for your exam before you obtain your scholarship. Because CFA exam registration means fee payment, you need to wait for your scholarship first. Then, register for your exam and make the reduced payment of USD 350.



CFA exam registration = fee payment

register after scholarship award but watch the registration deadline!



See all CFA exam registration deadlines.


How to Apply for Role-Based CFA Institute Scholarships

There are different rules for different types of scholarships.

Women are asked to explain why they would like to earn their scholarship. For university teachers, attachments and a letter from their employer are required. Regulators must give the name of the entity they work for and their role within its structure.

Students should check with their university whether it’s affiliated with the CFA Program and what they need to do to apply for the scholarship or what are the rules governing its award, including the scholarship award decision deadline.



Student/Professor/Regulator’s Scholarships:

OPENING 16 September 2021



All dedicated scholarship applications are handled from the level of your CFA Institute website account and must be submitted before deadline. As soon as your application is processed, you will receive further info to your email.



APPLICATION TIP:

To apply, log into your account on the CFA Institute’s website.
To view the whole application form, download it.



GET WEEK-TO-WEEK PREP CONTROL


Before you register with CFA Institute and submit your application, read the Official Rules for the Scholarship Program and make sure you meet CFA Program entrance requirements.


Other CFA Institute Scholarships:

USD 350 is all you pay for your exam

all CFA exam levels: level 1, level 2, level 3

if awarded – register within 7 months for your CFA exam

for women, many short application windows





Read Also: