The FINRA Foundation Military Spouse Fellowship program provides military spouses the opportunity to earn the AFC® (Accredited Financial Counselor®) certification—while providing financial counseling and education to the military community.

The fellowship covers the costs associated with completing the AFC® training and testing. Created in 2006, this opportunity is made possible through generous funding and support by FINRA Foundation, and in partnership with the National Military Family Association (NMFA). The FINRA Foundation covers the costs of the AFC® training and testing.

The 2020 application period is closed. 

The 2021 Application will open in March 2021. If you are interested in learning more about the AFC, visit our certification page


Watch our Informational Webinar Recording

What is Your Professional Why? The AFC® Might Give You the Answer

The Fellowship program exists to:

  • Train a corps of military spouses to provide financial counseling and education within the military community
  • Help military spouses achieve career goals and aspirations and enhance job-related marketability; and
  • Develop personal financial management skills of military families.

Since its inception, the program has awarded more than 1,530 fellowships to military spouses. Fellows have provided financial counseling and education to more than 241,000 service members and spent more than 475,000 hours helping military families reach their financial goals in the United States and around the world. Recipients of the FINRA Foundation Military Spouse Fellowship commit to completing the courses of study and working in the financial counseling field serving their communities.

The Fellowship program is open to:

Current spouses or surviving spouses of active-duty or retired Army, Navy, Air Force, Marine Corps, Coast Guard, and Army or Air National Guard or reserve component service members, as well as to spouses of U.S. Public Health Service Commissioned Corps and National Oceanic and Atmospheric Administration professionals.

Full biographies of selected accredited spouse fellows are available here.

Frequently Asked Questions

Visit our FAQ page for more information on:

  • Eligibility
  • Time Requirements
  • Program Benefits
  • Value of the AFC
  • Selection Process
  • And more...

Remember, the application period runs from March 1, 2020 – June 1, 2020, but we encourage applicants to apply early in the application period. Your letters of recommendation must be submitted by June 12th, so be sure to reach out to your references now! 

La Tawnya Belén, AFC® 2007 Military Spouse Fellow

"The accreditation gives me the self-confidence and pride to know that I am conveying this important information in the right way, and that I'm working in the best interests of military servicemembers and their families."

Katie Leiva, AFC® 2007 Military Spouse Fellow

"The most valuable aspect of the program is one I couldn’t have anticipated, meeting other Military Spouse Fellows. At conferences and online groups, I have made friends, professional contacts, and found a supportive resource of other military spouses who “get it.” I am grateful for the fellowship and the continued rewards of this program."

Cherie Stueve, MBA, CPA (Inactive), AFC®, 2011 Military Spouse Fellow

"The confidence gained from the program helped me develop my counseling skills and confirmed my career-change decision. I have partnered with amazing military support and civilian groups, networked with other Fellows online and at the AFCPE conference, and published articles."

Program Partners

About the FINRA Investor Education Foundation

The FINRA Investor Education Foundation provides investors with high-quality, easily accessible information and tools to better understand the markets and the basic principles of saving and investing. In 2006, the Foundation launched a multifaceted program to expand the saving and investing knowledge of military service members and their spouses, including a free, unbiased resource, A proud collaborator in the Department of Defense Financial Readiness Campaign, the Foundation also presents financial education forums at military installations worldwide.

About the Blue Star Families

Blue Star Families builds communities that support military families by connecting research and data to programs and solutions, including career development tools, local community events for families, and caregiver support. Since its inception in 2009, Blue Star Families has engaged tens of thousands of volunteers and serves more than 1.5 million military family members. With Blue Star Families, military families can find answers to their challenges anywhere they are. For more information, visit

About The National Military Family Association

The National Military Family Association is the leading nonprofit dedicated to serving the families who stand behind the uniform. Since 1969, NMFA has worked to strengthen and protect millions of families through its advocacy and programs. They provide spouse scholarships, camps for military kids, and retreats for families reconnecting after deployment and for the families of the wounded, ill, or injured. NMFA serves the families of the currently serving, retired, wounded or fallen members of the Army, Navy, Marine Corps, Air Force, Coast Guard, and Commissioned Corps of the USPHS and NOAA. To get involved or to learn more, visit

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