The Actuarial Diversity Scholarship was formed in 1977 as a joint effort by the Casualty Actuarial Society and the Society of Actuaries and has opened the door to the actuarial profession for hundreds of minority students. In 2008, this scholarship program was transferred to The Actuarial Foundation to further strengthen, increase and assure the continuation of a diverse, high-quality actuarial candidate pool.
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The Actuarial Diversity Scholarship promotes diversity within the profession through an annual scholarship program for Black/African American, Hispanic, Native North American and Pacific Islander students. The scholarship award recognizes and encourages the academic achievements of full-time undergraduate students pursuing a degree that may lead to a career in the actuarial profession. The award will be divided to cover multiple semesters or other terms comprising the academic year. All scholarship awards are made payable to the U.S. accredited educational institution. Recipients attending school for a portion of the upcoming year (e.g., one semester) will receive the corresponding portion of a full year scholarship amount.
The Actuarial Foundation is the philanthropic organization for the actuarial industry in the United States. Since 1994, the Foundation has promoted lifelong math education and financial literacy through its learning resources and scholarships. The mission of the Foundation is to enhance math education and financial literacy through the talents and resources of actuaries. The Foundation’s vision is an educated public in pursuit of a secure financial future. Since 2004, The Actuarial Foundation has received unwavering support from the U.S. actuarial organizations. Their trust and dedication to the Foundation’s mission are key elements to the institution’s continued growth and success as the philanthropy for actuaries in the United States. The Actuarial Foundation ensures the future of the actuarial profession through its scholarships and reimbursement programs. Recipients of Foundation scholarships are selected by representatives of the actuarial profession, who may one day be their peers. So, not only are these scholarships a means to offset the cost of education, but they also serve as a prestigious recognition by a highly rated profession.
Benefits
- Priority is given to minority groups like Black/African American, Hispanic, Native North American, Pacific Islander.
- The award will be divided to cover multiple semesters or other terms comprising the academic year. Award: $1,000- Freshman; $2,000- Sophomore; $3,000- Junior; $4,000- Senior.
- The scholarship award recognizes and encourages the academic achievements of full-time undergraduate students pursuing a degree that may lead to a career in the actuarial profession.
- Promotes inclusiveness and diversity within the actuary profession.
Eligibilities
- Must have at least one birth parent who is a member of one of the following minority groups: Black/African American, Hispanic, Native North American, Pacific Islander.
- Enrolling as or enrolled as a full-time undergraduate student at the U.S. accredited educational institution.
- Minimum cumulative GPA of 3.0 (on a 4.0 scale), emphasis on math or actuarial courses.
- Entering college freshmen must have a minimum ACT math score of 28 or SAT math score of 620.
- Intent on pursuing a career in the actuarial profession.
Application Process
- ENTERING FRESHMAN ONLY: Please upload a PDF of your official SAT or ACT Score Report. Please make sure the applicant’s name appears on the document being uploaded.
- If the applicant has taken actuarial exams, upload exam grade slip(s).
- Please upload a PDF of applicant’s VEE credit grade slip.
- If the applicant attended or is scheduled to attend any actuarial program list Host University.
- Please upload a PDF of applicant’s resume.
- Please list the name and email address of a recent actuarial, math or science teacher, professor, advisor or employer who can provide a letter of recommendation supporting math or science aptitude, academic achievement, leadership, business acumen, and communication skills. For incoming freshman, it is strongly encouraged that at least one of the letters be from a math or science teacher. IF APPLICANT IS RENEWING A SCHOLARSHIP, BE SURE TO REFERENCE KNOWS TO ALSO WRITE ABOUT THE PROGRESS MADE SINCE RECEIVING THE SCHOLARSHIP.
- Personal Statement: Please include a one or two-page personal statement to include responses to the following:
“Why are you interested in becoming an actuary? What steps are you taking to enter the actuarial profession? Have you participated in, or will you be participating in any actuarial internship programs? Have you participated in or had a leadership role in any actuarial or math clubs?”
IF APPLICANT IS APPLYING TO RENEW A SCHOLARSHIP, PERSONAL STATEMENT SHOULD COVER THE ITEMS LISTED HERE AS WELL AS THE PROGRESS THAT HAVE BEEN MADE SINCE RECEIVING A SCHOLARSHIP.
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Application Deadline: March 1, 2019
Application ClosedOfficial link
