The National Society of Accountants (NSA) Scholarship Foundation announced Tuesday that they are accepting scholarship applications from up-and-coming students across the country.

The Foundation awards scholarships to undergraduates who are U.S. or Canadian citizens majoring in accounting at an accredited two- or four-year college or university in the United States. Since its formation in 1969, the NSA Scholarship Foundation has awarded over $1 million to dedicated students pursuing a career in the profession.

“There are many promising accounting students out there, and we need them to help meet the ever-increasing demand for new accountants,” said NSA Scholarship Foundation chair Sharon E. Cook, in a statement. “We also recognize the rising costs of higher education and hope that we can make it easier for some of these students to achieve their goals.”

Scholarship applicants are selected on the basis of scholastic achievement, demonstrated leadership ability, and financial need. They must also have a “B” (3.0 on a 4.0 scale) or better GPA.

Scholarships typically range from $500 - $2,000, with 30 or more scholarships awarded each year. In 2014, the Foundation awarded $34,450 to 33 candidates.

Scholarship applications are due March 31, 2015. To apply, visit the NSA's sitehere and use the program key “NSA.” Application guidelines and additional information can be foundhere.