Applications to join the ICAS Foundation are open to individuals planning to study (or currently studying) undergraduate
accounting or finance related degrees at university, who also meet our eligibility criteria. We aim to support academically
talented young people from family backgrounds with limited resources, who wish to attend university but may not have
the means to do so without additional financial support.
Applicants to join the ICAS Foundation should be eligible for
support from the Student Awards Agency for Scotland (SAAS), Student Finance England or Student Finance Wales.
The ICAS Foundation programme includes bursary funding and mentoring support: - Bursaries are awarded to eligible students up to a maximum value of £2,500 per annum (at the discretion of the
ICAS Foundation Trustees). This funding is intended to assist students with the costs of studying at university such
as accommodation, study materials, travel and living costs. While the bursary awards can also be used to support
your personal development with experience or qualifications, the bursary should not be used to support day to day
living expenses of other family members.
- Mentoring support is provided by a qualified Chartered Accountant, who has volunteered to assist a student with
impartial guidance and the benefit of their experience. This is a structured, one to-one relationship that focuses on
the needs of the student and is designed to support and encourage them to develop their potential in line with their
career aspirations.
EligibilityApplicants must plan to study an undergraduate accounting or finance degree and have a total household annual income
under £34,000. This includes any employment income, self-employment income, pension income and return on
investments. Applicants will be required to provide evidence that they meet the income criteria before the outcome of
their application is confirmed.
Throughout the ICAS Foundation programme, students are required to: - Demonstrate their academic ability and remain on track to achieve first class honours or upper second-class
honours at graduation.
- Stay in regular contact with the Foundation, complete progress reports and provide exam results.
- Actively participate in the ICAS Foundation mentoring programme.
Completing Your Application
Please submit your application using the form below. If you are unable to submit your application using the online form, please contact enquiries@icasfoundation.org.uk.
Please complete all the questions, answering as fully as possible.
Selection and Confirmation of Award
Applications will be reviewed by the ICAS Foundation Trustees and other advisors that they may consider appropriate.
At this stage, Foundation programme applicants who have been put forward will be asked to provide more detailed
information about their financial circumstances. Applicants who are eligible and approved in principle will be invited to
attend a final stage informal interview, where their application will be discussed in more detail before funding is
confirmed. The ICAS Foundation aims to inform applicants of the result of their application within 6 weeks of the closing
date for applications, provided all relevant information is submitted.
Terms and Conditions
- Applications will only be accepted from eligible students intending to study an undergraduate course in Scotland
or an approved partner university in England where one or more of accounting or finance are the dominant areas
of study.
- ICAS Foundation bursaries are generally paid in two instalments - October and February.
- Students on the ICAS Foundation programme are required to take part in the ICAS Foundation mentoring
scheme. If the student leaves the mentoring scheme without the permission of the ICAS Foundation Trustees,
then future bursary payments may cease.
- Students join the ICAS Foundation programme for the duration of their undergraduate course and receive
bursary and mentoring support throughout that time. Students are required to meet the conditions of the
programme, including maintaining a high academic standard – you will be required to forward copies of your
exam results each semester, which must show you are on track for a 2:1 Honours degree classification as a
minimum.