 To receive authorization to use the designation, the candidate must meet education, AACSB or ACBSP accredited college examinations, experience and ethics requirements, and pay an ongoing good standing fee.Since 2003, this designation has required an ACBSP nationally accredited exams, courses and a degree.The ACBSP path to achieve the MFP Master Financial Planner certification requires accredited education that is recognized by the CHEA and US Government unless you take an accredited course.