How Much Does the CPA Exam Actually Cost?

So, you’ve obtained your bachelor’s degree, have some accounting experience, and are ready to pursue a CPA certification. If you’re like other full-time students in the US, you’ve likely already paid anywhere from $11,260 to $41,540 in education costs to pursue this career path.

But how much more can you expect to pay?

I wish I could give you an exact number, but the truth is the cost varies based on the rules in your state and how much you invest in CPA prep.

The total cost for CPA licensure is divided into segments, including your application, eligibility fees, CPA exam fees, review course fees, and CPA licensing fees, which all vary by state, so let’s break down what you can expect to pay.

Key Takeaways

• CPA exam costs vary significantly: The total cost of obtaining a CPA license can range from $1,600 to $8,000, depending on state fees and review course selection.
• Application fees differ by state: You must pay a one-time application fee, ranging from $50 to $300, with higher costs for international candidates.
• Education evaluation application fees range from $90 to $150: This fee is required to verify that your academic credentials meet state-specific requirements, especially if your education was completed internationally or requires additional review.
• Registration and CPA exam fees are additional expenses: Each CPA exam section requires a registration fee, typically between $100 and $200, and the CPA exam costs about $344.80 per section on average.
• Retake fees can add up: If you must retake any sections of the CPA exam, expect to pay between $50 and $200 in re-application and registration fees.
• Review courses are a crucial investment: While optional, investing in a top CPA review course is highly recommended, with costs varying widely depending on your chosen provider and package.

CPA Exam Application Fees

You must apply to take your CPA exam, and there is a one-time fee that ranges from $50 to $300, depending on your state. International CPA exam fees include domestic testing fees, costing up to $390.

When ready for the CPA exam, you must check your local jurisdiction to see how to apply. Most states have an online application system; however, some require you to go directly to the Board of Accountancy.

Registration Fees

Each CPA exam you take has a registration fee varying from $100 to $200 for each of the four CPA exam sections. However, not all states require a registration fee.

Some states also require a background check that is around $50. You’ll need to contact your state’s local jurisdiction to determine what registration fees you’ll be responsible for paying and what additional investments are required.

Education Evaluation Application Fees

Before you can sit for the CPA exam, most states require an education evaluation to ensure that your academic credentials meet the specific requirements for licensure. This evaluation is crucial, especially if you’ve completed your education outside of the United States or if your coursework needs verification for accounting and business-related subjects.

The cost for an education evaluation application typically ranges from $90 to $150, depending on the state and the evaluating agency. This fee is usually a one-time payment that covers the review of your academic transcripts and other related documents. It’s important to budget for this cost early in your CPA journey, as it is a necessary step before being approved to take the CPA exam. Additionally, if your educational background requires further clarification or if additional coursework is needed, you might incur extra costs or delays.

CPA Exam Fees

Your CPA exam costs per section are rounded to $344.80 on average. There are three core sections along with one required discipline section, making the cost, on average, around $1,379.20.

You’ll also need to consider travel expenses to reach a Prometric testing center and lost wages during travel and testing. One Reddit user who used a review course for preparation and needed to travel to take the CPA exam spent around $7,500. You could spend even more if you have other obligations like childcare.

Also, remember to look for ways to take advantage and save money. For example, you can take advantage of available financing and discount options.

Retake

If you don’t pass all sections on your first try, you must re-take sections for a passing score. Depending on your state, there there may be re-application and registration fees. Retake fees can cost anywhere from $50-$200.

Be sure to wait at least 24 hours before submitting a new application; you must also receive a new NTS (Notice to Schedule) before rescheduling the CPA exam.

Select a CPA Review Course

One way to avoid expensive retake fees is to invest in a CPA exam review course. There are many courses to choose from, and they offer different packages, so be sure to review them and see which best suits your needs.

For example, Becker CPA prep courses offer cost options that range from $849 for a single course to $6,349 for their Concierge package, which includes features like unlimited access, videos, live courses, and in-person tutoring.

Although the financial investment in a review course might seem cost-prohibitive to some, the cost is well worth it. Becker boasts a 94% pass rate among students who use their program. That meant you could save money in the long run by avoiding re-take fees, which we will discuss later. You can also use coupons to save on CPA courses.

CPA Certification

You’ve passed the test. What’s next?

Check with your state for exact CPA requirements. Some require you to have a mentor and a job for 1-2 years, or you will need to work a certain amount of hours and varying totals.

Before receiving your certification, you may also need to take an ethics exam, which can be anywhere from $250 to $320 from the AIPCA. However, some states offer their own specific ethics exam.

Many states also require that certified CPAs complete continuing education courses to maintain their licenses. You should contact your state’s Board of Accountancy for more information on these costs, as many have free options.

On the other hand, many providers offer packages that include continuing education courses that you can take advantage of for high-quality coursework and convenience. These CPE packages range from $329 for their Essentials package to $799 for Prime.

Conclusion

Obtaining your CPA license comes with various costs, including application, registration, examination, and review course fees. The total cost for your CPA exam can be anywhere from $1,600 to $8,000, depending on your state, the review course you choose, and any additional expenses like retakes or ethics exams.

While these costs may seem daunting, the long-term benefits of becoming a CPA—such as increased career opportunities and financial rewards—far outweigh the initial investment. With careful planning, selecting the right resources, and strategic scheduling, you can manage these expenses effectively and confidently and work toward achieving the prestigious CPA designation.

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