If you are a student seeking a grant, this is an opportunity to apply for the Actuarial Diversity Scholarship in the USA.
This scholarship will take care of your tuition and other academic needs.
The award recognizes and encourages the academic achievements of full-time undergraduate students pursuing studies leading to a career in the actuarial profession. The award will be divided to cover several semesters or other terms that make up the academic year.
In this article, we will give you tips on how to apply for this scholarship successfully.
Table of Contents.
- About the Actuarial Diversity Scholarship
- Level/field of study
- Host nationality
- Eligible Nationality
- Scholarship Worth
- How to apply
- Deadline for application
About the Actuarial Diversity Scholarship
The Actuarial Diversity Scholarship was created in 1977 as a joint initiative of the Casualty Actuarial Society and the Society of Actuaries. Since its inception, the Actuarial Diversity Scholarship Program 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 strengthen, grow, and maintain a high-quality and diverse pool of actuarial candidates.
The Actuarial Diversity Scholarship Program promotes diversity within the profession through an annual scholarship program for Black/African American, Hispanic, Native American, and Pacific Islander students.
All scholarships are paid at accredited educational institutions in the United States. Recipients who attend the school for part of the next year (for example, a semester) will receive their share of the scholarship amount for a full year.
Level/field of study
The Actuarial Diversity Scholarship 2023 Award recognizes and encourages the academic achievement of full-time students. undergraduate students pursuing studies leading to a career in the actuarial profession.
The Actuarial Foundation is the philanthropic organization of the actuarial industry in the United States. Since 1994, the Foundation has been promoting lifelong mathematics education and financial literacy through its learning resources and scholarships.
The mission of the Foundation is to improve math education and financial literacy through the talents and resources of actuaries. Additionally, the Foundation’s vision is for an educated public seeking a secure financial future.
Since 2004, the Actuarial Foundation has received unwavering support from America’s actuarial organizations.
Their trust and dedication to the Foundation’s mission are key to the institution’s continued growth and success as an actuarial philanthropist in the United States.
The Actuarial Foundation ensures the future of the actuarial profession through its scholarship and reimbursement programs. The Foundation’s scholarship recipients are chosen by representatives of the actuarial profession, who may one day be their peers.
These scholarships are not only a way to offset the costs of education but also serve as a prestigious recognition for a highly-skilled profession.
The Actuarial Diversity Scholarship Program prioritizes minority groups such as Black/African American, Hispanic, Native American North American, and Pacific Islanders.
- The benefit of the scholarship will be divided to cover several semesters or other terms that make up the academic year.
Price: $1,000 – freshman; $2,000 – Sophomore; $3000 – Jr.; $4,000 – Senior.
- Promotes inclusion and diversity in the actuarial profession.
To apply for the Actuarial Diversity Scholarships, applicants must:
- Have at least one biological parent who is a member of one of the following minority groups: Black/African American, Hispanic, Native American, or Pacific Islander.
- Enroll or register as a full-time college student at an accredited educational institution in the United States.
- Have a minimum cumulative average of 3.0 (on a 4.0 scale), focusing on math or actuarial courses.
- College freshmen must have a minimum ACT math score of 28 or SAT math score of 620.
- Intention to pursue a career in the actuarial profession.
How to Apply
Interested applicants should ensure that they follow the application process outlined below:
- FRESHMAN ENTRY ONLY: Upload your official SAT or ACT score report PDF file. Make sure the applicant’s name is displayed on the uploaded document.
- If the candidate has been actuarially evaluated, please upload the exam score sheet(s).
- Upload a PDF of the applicant’s VEE Credit Report.
- List the actuarial program at the host university in which the applicant has participated or plans to attend.
- Download a PDF of the candidate’s CV.
- Please enter the name and email address of a recent actuarial, mathematician, or science teacher, professor, advisor, or employer who can provide a reference letter outlining your math or science skills, academic achievements, leadership skills, business acumen, and skills. Communication. It is highly recommended to write at least one of the letters from a math or science teacher for incoming college students. IF THE APPLICANT RENEWS A SCHOLARSHIP, I’M SURE YOUR REFERRAL KNOWS HOW TO WRITE ABOUT THE PROGRESS MADE SINCE RECEIVING THE SCHOLARSHIP.
- Personal Statement: Please include a one or two-page personal statement with answers to the following questions:
- “Why are you interested in becoming an actuary? What steps are you taking to enter the actuarial profession? Have you taken or will you take an actuarial internship? Have you participated in actuarial or mathematical societies or played a prominent role? “
- IF AN APPLICANT IS RENEWING A SCHOLARSHIP, A PERSONAL EXPLANATION MUST COVER ARRANGEMENTS AND PROGRESS MADE SINCE RECEIVING THE SCHOLARSHIP.
Deadline for application
All applications must be submitted annually on or before 1 March.