Oregon Board of Accountancy proposes need-based scholarship program for accounting students

The Joint Committee on Ways and Means Subcommittee on General Government convened on May 5, 2025, to discuss a proposed scholarship program aimed at supporting accounting students in Oregon. The meeting highlighted the initiative's focus on both merit and need-based components, contingent upon legislative approval of the budget and the enabling bill.

The scholarship program is designed specifically for Oregon residents pursuing degrees in accounting at Oregon institutions. The proposal aims to address a decline in the licensing base for accountants in the state, as noted by committee members. The Board of Accountancy has a significant ending balance, which has prompted this initiative as a means to invest in the future of the accounting profession in Oregon.

During the discussions, it was clarified that the bill does not allocate direct funding for the scholarships; instead, it authorizes the Board to utilize its existing budget. The anticipated one-time expenditure for the program is set at $1 million, which will not be included in the ongoing budget for future bienniums. This funding is intended to support students throughout their accounting education, provided they meet specific criteria, including maintaining a certain GPA.

Committee members expressed concerns about the program's focus solely on accounting, with some suggesting that students interested in out-of-state programs with strong accounting curricula should also be considered. However, the rationale for targeting accounting students was explained as a strategic move to bolster the local workforce in response to the declining number of licensed accountants.

The meeting concluded with a commitment to finalize the details of the scholarship program, including eligibility requirements and the framework for grant agreements, by September 2025. This initiative represents a significant step towards enhancing the accounting profession in Oregon and ensuring that local students have access to the necessary resources to succeed in their careers.