The Licensed Monetary Planner Board of Requirements introduced this week the launch of a brand new scholarship program meant to considerably defray the price of taking the CFP examination for ladies underneath 40.

Dubbed the Peggy Ruhlin Wealth Is Ladies’s Work CFP Examination Scholarship, this system is known as for the retired co-founder of the $3.5 billion wealth administration agency Budros, Ruhlin & Roe. As detailed within the CFP Board’s announcement, the scholarships will award $625 towards the early registration fee of $825 for the July 2024 CFP examination.

To qualify, candidates should be U.S. residents underneath the age of 40 who establish as girls and aren’t registered for the July 2024 CFP examination previous to being notified of the award.

The scholarship utility window will stay open till March 19, 2024, with awardees notified of the choice by March 26, 2024. The scholarship will then be made accessible each examination cycle, based on the CFP Board announcement, awarding 50 scholarships per 12 months by means of 2027.

Within the announcement, Ruhlin factors to her personal early profession struggles with balancing her accounting work with parenting duties as an enormous motivator behind the scholarship program. She says this wrestle drove her to pursue monetary planning as a profession and earn the CFP designation — and that the transfer supplied her with better profession satisfaction and a greater work-life stability.