LAST UPDATED: May 20, 2020

CFA exam / Registration / Scholarships






CFA® Exam & Scholarships: How to Reduce CFA® Exam Cost

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 Scholarships for 2020 CFA exams are no longer available, but those who plan to take their exam in 2021 can apply from mid-May to mid-September 2020. The application period concerns all 2021 exams, levels 1-3. Scholarships are awarded at the latest in December following the application period.

See if you meet CFA exam requirements for candidates in the Program

Learn about the 2021 changes to level 1 CFA exam


Plan Way Ahead, It’s Too Easy to Miss!

Access 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 is the same for all exams coming up the next calendar year. The deadline always expires in September of the year preceding the exams.


15 September 2020

APPLICATION DEADLINE FOR *2021* CFA EXAMS

by 1 December 2020

*2021* ACCESS SCHOLARSHIPS AWARDED


Thus, to apply for your 2021 CFA exam Access Scholarship, you need to register at the CFA Institute website before 15 September 2020. 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 before the final registration fee deadline!



See 2020 & 2021 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 2020, 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 enrollment fee if applicable).


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

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What Else Should I Know?

If you gain your Access Scholarship, you must use it for the exam for which it is offered. There is no transfer of scholarships between the exams. Plus, it's best 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, including passport information. 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.


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

one application deadline for all CFA exams held next year

application deadline easy to miss



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 for candidates in the Program


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 are limited in number and the application period closes as soon as the limit is reached.


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

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

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

Media Scholarships – for media related to the world of investment and finance (full-time 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 enrollment fee (if applicable).

See other CFA exam fees.


Plan Ahead to Earn Your Dedicated Scholarship

So far, June and December exams have always had separate application periods for dedicated CFA Institute scholarships. For example, June 2020 exams application deadline was 1 February 2020, and for December 2020 exam it is 15 August 2020, except for Women’s and Student Scholarship. For students who wished to sit their exam in June 2020, the deadline was 8 February 2020. Dec 2020 candidates can apply for their Student Scholarship from 5 February to 8 August. Women? See below.


DEC 2020 EXAM:

15 August 2020 application deadline for other scholarships

STUDENT SCHOLARSHIPS! 8 August 2020

WOMEN'S SCHOLARSHIPS already awarded!



Women's Scholarship: Shorter Application Period!

Ever since CFA Institute started to offer scholarships for women, there has 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).

In 2021, CFA Institute is planning to introduce a new platform to better handle Women’s Scholarships.


Read more about Women's Scholarship here


As for now, 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 before the final registration fee deadline!



See 2020 & 2021 CFA exam registration deadlines.


Other CFA Institute Scholarships: How to Apply

There are different rules for different types of scholarships.

Women are asked to explain why they would like to earn their scholarship. Media applicants must attach current samples of their work and a letter from their employer. Also for university teachers, attachments and a letter 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.

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. For women – within 3 weeks.


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 exam 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

separate application deadline for June and December 2020 exams

for women, shorter application period



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