College of Business > News & Events > Deloitte Foundation Accounting Scholars Program Expands Opportunities for DePaul Students
By Nadia Alfadel Coloma /
November 4, 2022 /
DePaul University’s School of Accountancy & MIS is collaborating with the Deloitte Foundation Accounting Scholars Program (DFASP) to expand a scholarship program for students who are underrepresented in accounting and pursuing a fifth-year master’s degree in accounting, audit, advisory or tax.
The DFASP works in parallel with
Deloitte’s MADE (Making Accounting Diverse and Equitable), a $75 million commitment to fuel greater racial and ethnic diversity in accounting and tax, and generate more opportunities and leadership pathways for the next generation of certified public accountants (CPAs).
For the 2022-23 academic year, the number of DFSAP scholarships offered at DePaul has increased from six to 10. The university also will start accepting applications from students currently enrolled in any undergraduate business discipline – not just those pursuing an undergraduate accounting degree – if they have an interest in a CPA career.
Furthermore, students accepted into the program will now have the option to enroll in either the Master of Science in Audit and Advisory Services Program (MSAA) or the Master of Science in Taxation Program (MST).
Similar to last year’s scholarship awards, the selected scholars will have 100% of their tuition covered by the Deloitte Foundation and DePaul.
Last year, the scholarships were awarded to students interested in the MSAA program. Six students benefited from the opportunity, Lonzo Lynn being one of them. “The Deloitte Foundation Accounting Scholars Program has allowed me to cultivate my skills in accounting while also completing my master's degree affordably,” he says.
“This has made my personal and professional goal of passing all parts of the CPA more tangible. So far, my experience in the MSAA program has been interesting and challenging.”
“The DFASP’s expansion is great news for students and also for the accounting profession as efforts to increase the diversity of students eligible for the CPA exam continue to grow. A graduate degree in accounting or tax can provide these students with the education and credit hours to meet the exam requirements,” says Kent Klaus, associate director of the MST Program and former partner at Deloitte Tax LLP, who is leading the charge to implement the scholarship expansion at DePaul.
“DePaul is proud to collaborate with the Deloitte Foundation in this effort. The mission of the Vincentians is to create access and opportunity for all students regardless of their background,” Klaus adds. “The expansion of this scholarship program will allow us to help more students become CPA eligible and open the doors for them to aspire to a successful career in accounting or tax.”
Applications are being accepted
here until Jan. 31, 2023.