The CFP Board Center for Financial Planning announced a record amount for scholarships given to fledgling CFP professionals, amounting to nearly $500,000 spread across 100 separate awards.
The center also awarded 48 new scholarships this year compared with the year before, the highest number since the program was started in 2016.
“We are very pleased with this important milestone and the record number of scholarships given this year,” CFP Board CEO Kevin Keller said. “The scholarships are a key component of the Center’s mission to build the next generation of CFP professionals and create a more diverse and sustainable financial planning profession.”
The center runs six scholarship programs helping to pay for whatever coursework is needed for aspiring financial planning professionals to sit for the CFP exam, while four other programs are intended to boost industry diversity. Since the program began, 11 recipients have become CFP professionals, with 37 others nearing certification.
Scholarships include the California Lutheran University Financial Planning Scholarship, the Facet Wealth Scholarship for Increased Diversity in Financial Planning, the Envestnet Scholarship and the Milton Stern Scholars Fund.