Actuarial Diversity Scholarship

Application Information

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Amount
Awarded

$2,500

Awarded

Application Deadline

March 1

Sunday
Awarded By:

Actuarial Foundation

Number of Awards & Eligibility: The number of awards offered varies annually based on the number of qualified applicants. Last year, 29 awards were offered.
In order to qualify, students must meet the following criteria:
  1. This award is for U.S. and international students.
  2. Must be a high school senior or older to apply for this undergraduate and graduate award.
  3. Must have the intent to pursue a career in the actuarial profession.
  4. Must have at least one birth parent who is a member of one of the following minority groups: Black/African American, Hispanic, or Native American Indian.
  5. Must have a grade point average of 3.0 or higher on a 4.0 scale. Emphasis will be placed on math or actuarial courses. High school seniors must have a minimum ACT math score of 28 OR SAT math score of 600.

In order to qualify, students must meet the following criteria:

Description: This scholarship is available for U.S. and international high school seniors, undergraduates, and graduate students who have a grade point average of 3.0 or higher (emphasis on math and actuarial courses); high school seniors must also have a minimum ACT math score of 28 or SAT math score of 600. Students must intend on pursuing a career in the actuarial profession, and must have at least one birth parent who is a member of an eligible minority group (black/African American, Hispanic, Native North American).

Application requirements for the Actuarial Diversity Scholarship are:

  • Recommendation letters (2)
  • Application form
  • Personal statement
  • Official Transcript
  • Official ACT/SAT scores
Additional Information: Passing of actuarial exams will be an important factor in evaluating scholarship applications for junior year and beyond. Exams passed will also be a consideration for prior award recipients applying to renew the scholarship. Please note: High school seniors must have a score of 28 or higher on the math section of the ACT, or a score of 600 or higher on the math section of the SAT. Scholarship recipients will be notified by June 1.

Award Amount: Scholarships are awarded as follows: High school senior applying for his/her freshman year of college - $1,000. College freshman applying for his/her sophomore year of college - $2,000. College sophomore applying for his/her junior year of college - $2,000. College junior applying for his/her senior year of college - $4,000. College senior applying for graduate school or a continuing graduate student - $4,000. All awards are offered annually and are non-renewable. Each scholarship recipient will be assigned an actuarial mentor as a personal resource to answer questions about the actuarial field and actuarial exams and to offer assistance in pursuit of a career in the actuarial profession.  The total dollars awarded for this scholarship is $2,500.

Deadline Information:

Deadline for this scholarship is Sunday, March 1

Deadline Information:

Deadline for this scholarship is Sunday, March 1

Applications are available online from the Actuarial Foundation website. In addition to a completed online application, the student must submit the following: a one- to two-page personal statement that includes responses to the three questions listed on the application; two letters of recommendation; a current college transcript (if the transcript shows grades for only one college semester, the student should provide the last transcript from his/her prior educational institution as well); and an official ACT or SAT score (incoming freshmen only). Letters of recommendation must support the student's math or science aptitude, academic achievement, leadership, business acumen, and communication skills; and must be from a recent actuarial, math or science teacher, professor, adviser or employer. Signed letters of recommendation must be on school letterhead and include the nominator's name, title and contact information. The letters must be forwarded in sealed envelopes by the nominator or be emailed directly from the nominator's school email address to the foundation at the address provided. The application and all supporting materials must be submitted online by the deadline date. Please note: Questions regarding the scholarship should be directed to the foundation at the email address provided. The foundation requests that students not call.
Contact: Eleanor Vogel
Address: 475 N. Martingale Road Suite 600 Schaumburg, Illinois 60173-2226

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