Fred H. Schaefer Scholars in Accounting Program

About the Program

The Fred H. Schaefer Scholars Program in Accounting provides scholarship support of $7,500 annually for Smeal students enrolled in Accounting. The program encourages leadership and ethical standards, a commitment to community service, and a study abroad or international experience.

Who is Eligible

The program is open to full-time third-year and fourth-year undergraduate accounting students and Integrated Master of Accounting (“MAcc”) students. Applicants will be evaluated on qualifications such as

  • Academic merit
  • Community engagement
  • Extracurricular and leadership experiences

Program Requirements

Because the Schaefer Scholars Program requires a commitment to service, leadership and ethics, and an international experience, students in the program will be required to complete certain requirements:

  • Attend up to three ethics lectures per semester
  • Assume leadership roles in student clubs or organizations of their choosing.
  • Take part in an international or study abroad experience (Schaefer Scholars will receive a one-time travel grant of up to $5,000 to support this experience)

Accepted students will remain in the program as long as they remain full time students and in good academic standing.


Application for the Schaefer Scholar program for the 2024-2025 school year will open May 11, 2024.  Applicants should use the Smeal scholarship application and indicate their interest in the Schaefer Scholarship program in the additional comments section.  Applications will be accepted until June 15, 2024.

Program acceptance decisions will be communicated in early summer 2024. 

Email the Accounting Department, Sarah Conner, with any questions.