Student Scholarship Question

Question about CFA Student Scholarship and Exam Registration Timing (Level 1 in Nov, Level 2 in May)

Hi everyone, I had a quick question regarding the CFA Student Scholarship and was hoping someone here might have some experience or insight.

I applied for the CFA Student Scholarship a few weeks ago, but I haven’t heard back yet. I understand the review process can take up to 8 weeks, and if approved, the scholarship remains valid for 6 months.

However, the registration deadline for the November 2025 Level 1 exam is August 5th, and I’m fairly certain I won’t receive a decision before then. So, I’m considering registering for Level 1 in November at the full price (i.e., without waiting for the scholarship decision).

My question is: 👉 If I pay full fees and register for Level 1 November exam, and later I’m awarded the student scholarship, can I still use that scholarship to register for Level 2 in May 2026 at the discounted rate? Or will registering for Level 1 at the standard rate void my scholarship application or eligibility?

I understand that doing two levels in a year is ambitious, but I’d prefer to focus purely on the logistics and policy side of this situation and then make my decision accordingly.

For context, I’ll be pursuing a Master’s degree from Warwick Business School (Sep 2025 – June 2026), so I’d still meet the student eligibility during that period.

Any help or experience would be appreciated!