About the Scholarship

The students who belong to the Native North American, Black/ African American, Hispanic, and Pacific Islander communities are offered financial assistance through scholarship programs by the Actuarial Foundation.

The Actuarial Diversity Scholarship programs are available to students who are pursuing a degree program in the field of the actuarial profession.

The students, who are enrolled in an accredited university or college, are awarded the scholarship opportunities in order to promote the diverse cultures in the profession.

Actuarial Diversity Scholarship Awards

The scholarship amount differs for students in different years of the degree program.

  • The students in their freshman year are awarded an amount of $1000 per year.

  • The sophomore students receive $2000 per year.

  • The junior students are given a sum of $3000 per annum.

  • The students who are seniors receive an amount of $4000, annually.

Actuarial Diversity Scholarship Application

  • The recipients of the scholarship program are selected on the basis of the eligibility criteria set by the scholarship committee and the submission of the application inclusive of all the required documents.

  • The application for the scholarship program must be completed with accurate details and all the mandatory information must be given.

  • The students must include a personal statement, official transcripts and all the other required documents along with the application.

  • The students must go through the supplemental questions given on the official website of the Foundation before applying for the scholarship program.

Actuarial Diversity Scholarship Application Deadline

The completed applications must be submitted to the scholarship committee by March 31st without fail. Any incomplete applications or submissions past the deadline will not be accepted.

Eligibility Criteria

  • The applicant must be pursuing a career in the actuarial profession.

  • The applicant must have at least one birth parent who is a member of Black/African American, Hispanic, Native North American, Pacific Islander, and other minority groups.

  • The applicant must be enrolled at a U.S. accredited educational institution as a full-time undergraduate student.

  • The applicant must have a cumulative GPA of 3.0.

  • The applicant must have scored 28 for ACT math and 620 for SAT math.

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