The Program
- The Envestnet Scholarship is an educational opportunity that will enable qualified individuals to complete the education requirement for attaining CFP® certification.
Envestnet has partnered with the Center for Financial Planning on this endeavor as part of its Envestnet On Campus program.
The Scholarship
- Scholarships are offered to qualified individuals who can demonstrate financial need and are from underrepresented populations (race, ethnicity, gender, sexual orientation, and *disability) within the financial planning profession and academia.
*We define disability as described under the Americans with Disabilities Act: “A physical or mental impairment that substantially limits one or more major life activities of such an individual. A record of such an impairment or being regarded as having such an impairment”.
What To Expect
- The scholarship awards up to $5,000 to individuals seeking to complete a certificate-level CFP Board Registered program or up to $10,000 to students seeking to complete an undergraduate-level CFP Board Registered Program, either of which would qualify the student to sit for the CFP® exam.
- Individuals eligible for the scholarship will have a demonstrated financial need and come from underrepresented populations within the financial planning profession in terms of gender, race, ethnicity, disability or sexual orientation.
- Scholarship Applications will be reviewed by an independent Scholarship Review Panel comprised of CFP® Professionals.
- Scholarship awards will be disbursed in two equal installments. To receive the first installment, recipients will have to demonstrate proof of enrollment in a certificate or undergraduate-level CFP Board Registered Program.
- If not enrolled at the time of applying, scholarship awardees will have up to 3 months to enroll after being notified of the award or they will have to forfeit the award.
- The second installment will be awarded either upon completing the program (if the awardee has already started coursework), or when the awardee is half-way through the program (if the awardee has not yet started coursework).
- Scholarship applicants will be notified of the award decision via email by June 2, 2025. If you have a question about the status of your application, please contact scholarships@cfpboard.org.
Eligibility Requirements
- Must not be a prior recipient of a CFP Board Center for Financial Planning scholarship;
- Must be a U.S. citizen or permanent resident.
- Must be from an underrepresented population within the financial planning profession in terms of gender, race, ethnicity, disability or sexual orientation AND must have a demonstrated financial need, as explained in an essay to be submitted during the application process.
- To receive the award, must be enrolled in an undergraduate or certificate-level CFP Board Registered Program. Click here for a list of eligible programs. If not enrolled at the time of applying, scholarship awardees will have up to 3 months to enroll or forfeit the award;
- If applying for an undergraduate-level scholarship, must not be in the final semester at the time of the application;
- If applying for a certificate-level scholarship, must possess an undergraduate degree and must not have completed 6 or more courses in the certificate-level program at the time of the application.
- Must provide documentation of enrollment in an eligible program and costs prior to receiving the award;
- Must have a demonstrated financial need, as explained in an essay to be submitted during the application process;
- Must demonstrate commitment to the financial planning profession, as explained in an essay to be submitted during the application process; and
- Applicants will be required to pass a background check conducted by CFP Board, and must enhance and maintain the profession’s public image.
- Applicants who are selected to proceed to the final round of the application review process will be required to interview with an Envestnet representative.