Loyola University Chicago

Quinlan School of Business

Scholarship Information

Accounting and Business Law (ABL) Department Scholarship Information

The Department of Accounting and Business Law has scholarship funding available for qualified declared accounting majors. Three main categories of students are eligible to apply for this funding:

  • Incoming freshmen who have declared accounting as their major.
  • Current undergraduate accounting majors.
  • Current graduate (MSA) students.

These scholarships are for full-time students. These scholarships are merit based and competitive in nature. Due to funding limitations, not all students who apply will necessarily receive funding. In certain cases the scholarships are renewable on a year to year basis. A summary of the scholarships is given below. There is a one application form that can be used for all funding. Applications are available electronically by visiting the Loyola Department of Accounting and Business Law website or contacting Professor Brian Stanko, Department Chair, at bstanko@luc.edu. Eligible students can apply for more than one scholarship, although a funding priority will be to provide as many students as possible with scholarship opportunities. Please complete and return this form, along with supporting materials, to Brian Stanko in the Department of Accounting and Business Law, Schreiber Center, Rm. 506, 16 E. Pearson St., Chicago, Illinois 60611 by the second Friday in March for the following academic year.

Scholarships

ABL Alumni Scholarships: These scholarships range in value from $1,000 to $2,000 per academic year. Incoming freshmen are eligible to apply for this award, as are all current students who are declared accounting majors. Funding for this scholarship comes primarily from donations of ABL Area alumni. This scholarship is renewable for freshmen only who maintain a GPA of at least 3.2 overall and in their accounting courses.     

The Ernst and Young Scholarships: These scholarships range in value from $1,500 – $5,000 and are limited to sophomores and juniors intent on pursuing the 150 hour requirement and sitting for the CPA examination. To be eligible, students must have earned a GPA of at least 3.5 both overall and in their accounting courses. This scholarship is nonrenewable.

The Martin Shanahan Scholarship: This scholarship averages about $2,000 per academic year. Eligible students must be declared accounting majors and have completed at least two accounting courses. Students applying should have a GPA of at least 3.2 both overall and in their accounting courses. This scholarship is renewable (but not guaranteed) one time if the student maintains an overall and accounting GPA of at least 3.2.

The Arthur Andersen/Professor John G. Tabor Jr. Memorial Scholarship: This scholarship honors the memory of Professor John Tabor, who was a member of the ABL faculty from 1974 – 2002. The scholarship will range in value from $1,000 - $2,000 for the academic year. Eligible students must have at least sophomore standing and be declared accounting majors. Students applying should have a GPA of at least 3.2. This scholarship is nonrenewable.

The Senior Scholar Award: This award has both a scholarship and stipend attached to it. Approximate funding will be $2,000 per academic year. A student must have at least senior standing, an overall and accounting GPA of at least 3.2 and completed Accounting 303 with a grade of B or better. The recipient of this scholarship will be responsible for coordinating the Accounting 303 Systems Learning Aid (SLA) Project. The recipient will handle grading of the SLA and will also be responsible for holding information or tutoring sessions regarding its preparation. The total amount of time each semester will vary, but should be approximately 100 hours for the academic year.  

William G. Kistner and Joan A. Kistner Scholarship: This scholarship ranges in value from $1,000 – $1,500. Requires a 3.50 or above GPA and junior standing.

Norbert E. Hund Endowed Scholarship: This scholarship ranges in value from $1,000 – $1,500. Requires a 3.50 or above GPA and sophomore standing.

Sandra J. Ilagan Memorial Scholarship: This scholarship ranges in value from $1,000 – $1,500. Requires a 3.50 or above GPA and sophomore standing.

Jeffrey M. Jarczyk Scholarship: This scholarship ranges in value from $1,500 – $3,000. Requires a 3.00 or above GPA and sophomore standing.

The Professor Keith I. Delashmutt Endowed Graduate Scholarship: This scholarship honors the memory of Professor Keith I. Delashmutt, a member of the ABL Department faculty during the 1970's. The scholarship is available to all entering and continuing graduate accounting students and ranges in value from $1,000 - $3,000 for the academic year. Students applying should have a minimum GPA of 3.2.