Sponsoring Institution: The Actuarial Foundation
Type: Career awareness and funding
Eligibility: To apply —
• students must have at least one birth parent who is a member of one of the following minority groups:
Native North American,
• students must be enrolling as or enrolled as a full-time undergraduate student at a U.S. accredited educational institution.
• students must have met minimum cumulative GPA and standardized test scores
• students must be intent on pursuing a career in the actuarial profession.
International Association for Black Actuaries (IABA): Early April
Organization of Latino Actuaries (OLA): End of April
Awards are announced mid-August annually.
Highlight: Leaving things up to chance is not in an actuary’s job description. This difficult, yet rewarding, career is one that uses mathematics, statistics, and financial theory for use in creating the insurance policies used by businesses, healthcare providers, unions, etc. Given these hefty tasks, this career requires advanced education. The Actuarial Diversity Scholarship not only helps to raise awareness of the actuarial field and of what the education journey looks like, but also gives students an opportunity to apply for an award that can help fund it! Minority students who are pursuing an actuarial degree can apply to this actuarial scholarship and receive $1,000 to $4,000! The only requirements for the actuarial scholarship are having a parent from one of the eligible underrepresented demographics and certain minimum GPA and standardized test scores. With the money this actuarial scholarship grants, students pursuing a career as an actuary will certainly improve their odds for greater understanding of the industry and reduced financial stress. This actuarial scholarship also promotes equity and inclusion, making the profession more rich and diverse. Applications for the Actuarial Scholarship are open from April to November annually; So if statistics are your jam, click on the links .. because the possibilities for probability are endless.