Kaplan Professional to offer more finance scholarships for women

Funding to cover tuition fees for two subjects

Kaplan Professional to offer more finance scholarships for women

Insurance News

By Roxanne Libatique

For the third year in a row, financial services education provider Kaplan Professional (Kaplan) will offer 12 more finance scholarships for women.

The Women in Finance Scholarships initiative is part of the $2.2 million grant awarded by the Australian government (with support from the Department of the Prime Minister and Cabinet's Office for Women) to the Financial Planning Association of Australia (FPA) in 2021 to deliver a scholarship program for women in finance and economics.

This year, 12 scholarships will be provided – eight covering the tuition fees of any two subjects in Kaplan's Master of Financial Planning or Master of Applied Finance and four covering the full tuition fees for the FNS60920 Advanced Diploma of Paraplanning.

The FPA has allocated Kaplan Professional $30,000 to part-fund the scholarships, with the education provider funding the difference.

“Kaplan Professional is committed to doing what we can to promote inclusion and diversity throughout the finance and financial services sector,” said Kaplan CEO Brian Knight. “We hope these scholarships will go some way towards reducing any barriers or financial burden that women of any background may face in entering the sector or achieving leadership positions.

“We are pleased to include the Advanced Diploma of Paraplanning into the scholarship scheme this year to widen the scope of our offering and provide more women with the opportunity to apply, especially those who may want an entry-level pathway into financial advice or to progress their career.”

Last year, Kaplan received $50,000 from the FPA to fund 10 scholarships for women, with the value covering the tuition fees of any two subjects in the Master of Financial Planning or Master of Applied Finance programs.

How to join the Women in Finance Scholarships 2023

To apply for this year's Women in Finance Scholarships initiative, the applicants must be women who:

  • may not have previously studied with Kaplan; and
  • have previously completed, or are currently completing, other Kaplan vocational or higher education courses.

Each applicant will be considered on their ability to demonstrate intersecting sources of disadvantage, including the following:

  • financial need;
  • re-entering the workforce;
  • low socio-economic status;
  • mature or young age;
  • residing in a rural or remote area;
  • Aboriginal or Torres Strait Islander; and
  • new immigrant.

Scholarship applications are open until March 24, Friday.

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