About Our Diversity Scholarships
The College for Financial Planning®—a Kaplan Company is committed to bringing the best to the financial planner workforce and the people it serves through building and diversifying its ranks.
Our program 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, which might include differences based on gender, race, ethnicity, disability, and sexual orientation. For example, statistics from CFP Board's Why Diversity Matters: How Workforce Diversity and Inclusion Accelerate Business Success in Financial Services reveals only 3.7% of the more than 87,000 CERTIFIED FINANCIAL PLANNER™ professionals in the United States are Black or Latino. Women are also underrepresented, at only 23%, while accounting for 52% of the overall population.
Each scholarship (valued at $7,641 per scholarship) covers the full cost of our one-year program for CFP® certification education and consists of:
- 9 months for required education (fixed schedule of Live Online classes)
- 3 months for Exam Prep Review (choice of Live Online or OnDemand classes)
Our scholarships prepare awardees to sit for the CFP® exam one year after the start of the scholarship. Up to 20 scholarships will be awarded three times per year (totaling up to 60 scholarships annually). Based on when recipients are awarded their scholarships, they would start their CFP® certification education program in March, July, or November.
Important Note: Students who are currently enrolled in a CFP® certification education program or CFP® certification education course through the College for Financial Planning®—a Kaplan Company are not eligible to apply. Scholarship applications received from students who are currently enrolled will be automatically withdrawn.
Applicants must meet the following requirements:
- Must be a U.S. resident
- Must have a bachelor’s degree from a regionally accredited institution or the equivalent of a bachelor’s degree from an institution outside of the United States
- Must not be a student who is currently enrolled in a CFP® certification education program or CFP® certification education course through the College for Financial Planning® —a Kaplan Company
- Must intend to register for the one-year CFP® Certification Education Program through College for Financial Planning®—a Kaplan Company and be committed to the following:
- Starting the one-year program based on the awarded scholarship start date. Depending on when a recipient is awarded a scholarship, class cohorts would start in March, July, or November.
- An average of 15 hours of class and coursework time each week to successfully keep pace with the structured-pace program.
- Must demonstrate a history of academic excellence and the highest personal integrity (see application below)
- Must demonstrate financial need (see application below)
- Must come from an underrepresented population within the financial planning profession. The applicant must demonstrate how they represent an underrepresented demographic, which might include differences based on gender, race, ethnicity, disability, sexual orientation, etc.
- Industry experience is strongly preferred but is not required
Up to 20 scholarships will be awarded three times a year (totaling up to 60 scholarships annually). The next application deadline is April 15, 2021. Individuals awarded scholarships associated with this deadline would start their one-year CFP® Certification Education Program in July 2021.
Future upcoming deadlines include:
- August 31, 2021 (for one-year education program which starts November 2021) and
- December 31, 2021 (for one-year education program which starts March 2022)
Please note: Unsuccessful applications will not roll over to the next review cycle. However, an applicant may complete another application in its entirety for a future deadline if not awarded a scholarship on a previous attempt.
Timing of Scholarship Announcements
Awardees will be contacted by email and phone approximately one month after each deadline.
Any questions and all communications regarding the scholarships can be directed to the CFFP Scholarship Committee at the following email: Scholarships@cffp.edu