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 number of awards offered varies annually based on the number of qualified applicants. Last year, 29 awards were offered.
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.
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 t ... sign up for full scholarship deadline information.