Actuarial Science Scholarships and Funding Opportunities

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If you're pursuing a degree in actuarial science, you're likely aware that the cost of education can be steep. The Society of Actuaries offers several scholarships to students pursuing a degree in actuarial science.

The SOA Scholarship is one such opportunity, providing up to $5,000 to students in their second year of study or higher. The scholarship is awarded based on academic performance, career goals, and community service.

The Casualty Actuarial Society (CAS) also offers scholarships to students pursuing a degree in actuarial science. The CAS Scholarship provides up to $5,000 to students in their second year of study or higher, with a focus on students who have demonstrated academic excellence and a commitment to the actuarial profession.

Scholarship Programs

The Pinnacle Actuarial Resources scholarship is available to students, with recipients being called Pinnacle Scholars. This scholarship is a great opportunity for students to pursue their studies in actuarial science.

The Casualty Actuarial Society (CAS) offers a scholarship program to further students' interest in the property/casualty actuarial profession. The objective of this scholarship is to encourage the pursuit of the CAS designations.

Broaden your view: Casualty Actuarial Society

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To be eligible for the Actuary of Tomorrow Stuart A. Robertson Memorial Scholarship, applicants must be a full-time undergraduate student entering as a sophomore, junior or senior, have a minimum cumulative GPA of 3.0, and have successfully completed two actuarial exams.

The Actuary of Tomorrow Scholarship recognizes and encourages the academic achievements of undergraduate students pursuing a career in actuarial science. The Actuarial Foundation provides an award of $7,500 for education expenses at any accredited U.S. educational institution.

  • The CAS University Award Program recognizes the unique role that universities play in advancing the body of knowledge of actuarial science.
  • The Actuary of Tomorrow Scholarship has a minimum cumulative GPA requirement of 3.0.
  • The application deadline for the Casualty Actuarial Society Scholarship is not specified.
  • The Pinnacle Actuarial Resources scholarship and the Casualty Actuarial Society Scholarship both have application deadlines that are not specified.

Scholarship Programs

The scholarship programs at our university are truly impressive, and I'm excited to share some details with you. We have several scholarships that are funded by generous alumni and industry partners.

One notable scholarship is the Aaron Hillebrandt Scholar, which is funded by our alumnus Aaron Hillebrandt, a partner in Pinnacle Actuarial Resources consulting company. The recipient of this scholarship is called an Aaron Hillebrandt Scholar.

We also have the Lloyd A. Knowler Scholarship, which is awarded to students in actuarial science and statistics based on academic merit and future promise. This scholarship was established by the American Society for Quality Control, State University of Iowa Section, in the name of Professor Knowler, who was a founding member of the American Society of Quality Control.

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The Actuary of Tomorrow Stuart A. Robertson Memorial Scholarship recognizes and encourages the academic achievements of undergraduate students pursuing a career in actuarial science. This scholarship is funded by Milliman, Inc. and by several of Mr. Robertson's colleagues and friends.

If you're interested in applying for these scholarships, here are some key details to keep in mind:

* Eligibility: All high school seniors, undergraduate, and graduate students are eligible to apply.Amount: $500Application deadline: July 31

The Casualty Actuarial Society Scholarship aims to further students' interest in the property/casualty actuarial profession and to encourage the pursuit of the CAS designations.

Schloss Memorial

The Schloss Memorial scholarship is a great example of how a scholarship can be established in memory of someone. It was created by the Casualty Actuarial Society as a memorial to Harold W. Schloss, a past president of the Society.

The fund for this annual $500 scholarship stipend was initiated by Harold W. Schloss' wife, Frances A. Schloss, and their children. They wanted to honor his memory by supporting deserving students in the actuarial program.

The scholarship benefits students in the Department of Statistics and Actuarial Science at the University of Iowa. It's a great opportunity for students to pursue their academic goals.

Company-Sponsored Scholarships

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Several companies offer scholarships specifically for actuarial science students. For example, COUNTRY Financial Scholarships are available to students majoring in Mathematics: Actuarial Sequence, with a $2000 per semester award that increases by $250 per semester for each professional actuarial examination passed.

To be considered for these scholarships, students must have a 3.5 GPA overall and in their major, be active members of the Actuarial Club, and be making progress in passing professional actuarial exams. The decision about this scholarship award is made by the Actuarial Committee.

Other company-sponsored scholarships include the Northwestern Mutual Scholarship, which has been used in the past to award students for passing SOA Exams, and the Transamerica Scholarship, which selects students based on their academic record and success on exams.

Expand your knowledge: Actuarial Science Tests

Pinnacle Scholar

The Pinnacle Scholar is a great example of a company-sponsored scholarship. Pinnacle Actuarial Resources, a consulting company headquartered in Bloomington, Illinois, funds this scholarship.

Recipients of this scholarship are called Pinnacle Scholars, which is a unique and prestigious title.

Aaron Hillebrandt Scholar

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The Aaron Hillebrandt Scholar is a prestigious scholarship that recognizes outstanding students majoring in Actuarial Science. This scholarship is funded by our alumnus, Mr. Aaron Hillebrandt, FCAS, a partner in Pinnacle Actuarial Resources consulting company.

Only one scholarship is awarded from this source, and recipients are called Aaron Hillebrandt Scholars. The scholarship is a one-time award, and the recipient is selected based on their academic record and success on exams.

The Aaron Hillebrandt Scholar is a competitive award, and students must meet certain criteria to be considered. However, the exact selection process is not specified in the article.

Company-Sponsored Scholarships

Several companies have established scholarship programs to support students majoring in actuarial science and related fields.

The Milliman For the State of Ohio Scholarship provides scholarships to students majoring in actuarial science, data analytics, mathematics, or statistics. Special consideration is given to students who are members of organizations that advance the needs of historically underrepresented populations in these majors.

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Transamerica has established a scholarship program to assist outstanding students who are majoring in Actuarial Science. The student recipient will be selected based on their current academic record and success on exams.

COUNTRY Financial Scholarships are available to students majoring in Mathematics: Actuarial Sequence. Recipients of these scholarships are called COUNTRY Financial Scholars and receive a $2000 per semester award, increased by $250 per semester for each professional actuarial examination passed.

The Central States Actuarial Forum (CSAF) will award a scholarship of $1,000 to up to two college students in the central states for the upcoming academic year.

The ACTEX-ASNA Joint Scholarship is designed to support actuarial students who have contributed to the actuarial student body. The recipient will receive a free study manual and reimbursement for an exam they are expecting to write, provided by ACTEX.

Here are some details about the Northwestern Mutual Scholarship:

A unique perspective: Financial Actuarial Mathematics

Orlyn Edge

The Orlyn Edge Scholarship in Actuarial Science is a great example of a company-sponsored scholarship. It was established by Dr. Orlyn Edge, the creator and founder of the Actuarial Program at Illinois State University.

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Dr. Edge was a distinguished member of the Department until he retired in 1999, and he started the Actuarial Program at ISU in 1990. He served as its Director until May of 2000.

To be eligible for the Orlyn Edge Scholarship, incoming freshmen must meet certain criteria, including a high school Grade Point Average of 3.7 or better. They must also have an ACT composite of 27 or better and ACT mathematics of 30 or better, or equivalent SAT scores.

Additionally, recipients of the scholarship are expected to demonstrate a commitment to a professional actuarial career. They are also required to join the Actuarial Club within Gamma Iota Sigma.

Here are the specific criteria for the Orlyn Edge Scholarship:

  • High school Grade Point Average of 3.7 or better.
  • ACT composite of 27 or better and ACT mathematics of 30 or better, or equivalent SAT scores.
  • Demonstrated commitment to professional actuarial career.

The scholarship may be awarded in addition to other scholarships, or financial aid that the student receives.

IABA Scholarships

The IABA Scholarship is a fantastic opportunity for Black students interested in pursuing an actuarial career. It's available at both the undergraduate and graduate levels.

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To be eligible, you'll need to demonstrate individual merit. The amount of the scholarship isn't specified in the article, but it's clear that the selection is based on merit.

The IABA Scholarship is just one of several options available to students. Another notable scholarship is the David and Maria Biewer Actuarial Student Support Fund, which provides scholarships to students majoring in actuarial science or pursuing an MAQRM degree.

Biewer Student Support Fund

The Biewer Student Support Fund is a great opportunity for Actuarial Science students at OSU. David and Maria Biewer, along with friends of Actuarial Science, established this fund to support students in their career preparation endeavors.

The fund provides scholarships to undergraduate students majoring in Actuarial Science or graduate students pursuing an MAQRM degree in the Department of Mathematics. To qualify, candidates must present proof of passing actuarial exams.

A scholarship of $4,000+ is awarded each year to a junior Actuarial Science student at OSU. This scholarship is both merit- and need-based, making it a great option for students who are struggling financially.

The application process is relatively straightforward. The Math Department faculty solicits exam reimbursement requests from Actuarial Science majors and pre-majors twice a year via email.

Curious to learn more? Check out: Osu Actuarial Science

IABA Boot Camp

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The IABA Boot Camp is a great opportunity for aspiring actuaries to gain hands-on experience and skills.

The IABA offers a Boot Camp as part of their scholarship and Boot Camp program.

Registration for the Boot Camp is now available, and the application deadline is March 31, 2018.

The Boot Camp provides a unique chance to learn from experienced professionals and network with peers.

In 2017, the IABA awarded $93,000 in scholarships to deserving students, demonstrating their commitment to supporting actuarial careers.

Latino Actuaries Exam Study Material Stipend

As a friend who's interested in actuarial scholarships, you might be wondering about other organizations that offer support to students pursuing this career path. If you're a Latino actuary, you're in luck because the Organization of Latino Actuaries (OLA) offers an Exam Study Material Stipend to help with the cost of study exam materials for exams P/1 and FM/2.

This stipend is a response to the financial strain many students and their families are facing due to the COVID-19 pandemic. The OLA wants to help make it easier for Latino actuarial candidates to pass their exams and achieve their goals.

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To be eligible for this stipend, you'll need to be a Latino actuarial candidate, and the stipend is available for exams P/1 and FM/2 only. If you're interested in applying, be sure to check the OLA's website for more information.

Here's a quick rundown of the stipend's details:

  • Exams covered: P/1 and FM/2
  • Eligibility: Latino actuarial candidates
  • Application process: Check the OLA's website for more information

Keep in mind that this stipend is just one of the many resources available to support your actuarial career. Be sure to explore other options, such as the IABA Scholarship and Boot Camp, which we'll discuss later in this article.

ARECA Scholarships

ARECA Scholarships are a great option for undergraduate students in the Asia Pacific region who are interested in pursuing the actuarial profession.

ARECA offers a scholarship competition for current undergraduate students in the Asia Pacific region.

The primary element of the scholarship competition is for the applicant to prepare an essay addressing a business scenario that is illustrative of the actuarial profession.

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Applicants must be current undergraduate students in the Asia Pacific region interested in pursuing the actuarial profession.

The essay should be approximately five pages long.

The scholarship competition is announced annually, with a new competition launching for each year.

ARECA is pleased to announce the launch of a new scholarship competition for current undergraduate students in the Asia Pacific region who are interested in pursuing the actuarial profession.

The scholarship is a great opportunity for students to further their interest in the actuarial profession and pursue the required designations.

Application and Award Information

The deadline to apply for the School of Actuarial Science & Risk Management Scholarships is January 23, 2025, and you must be admitted to Drake University as an actuarial science major by then to be considered.

You can apply for these and other Zimpleman College of Business scholarships by completing the unified Zimpleman College of Business Scholarship Application, which includes a personal essay, by January 23, 2025. This application also needs to be submitted by January 23, 2025, along with the FAFSA or International Student Financial Information Form (ISFIF).

For more insights, see: Scientific Themes Apply

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The Casualty Actuarial Society (CAS) is now accepting applications for the 2019 CAS University Award Program, which recognizes universities that advance the body of knowledge of actuarial science, especially within property and casualty insurance.

Here are some key application and award information:

  • The deadline to apply for the School of Actuarial Science & Risk Management Scholarships is January 23, 2025.
  • The unified Zimpleman College of Business Scholarship Application must be completed by January 23, 2025, to be considered for actuarial science scholarship opportunities.
  • Notification of scholarship awards will occur in mid-March 2025.

Examinations Fees Support

Illinois State University's Actuarial Program offers reimbursement for examination fees for actuarial students who pass their exams.

To be eligible, you must be an active student, enrolled in at least one class at Illinois State University, just like any other actuarial scholarship.

Reimbursement for preliminary professional actuarial examinations is available, and the Actuarial Program will cover the examination fee.

For advanced professional actuarial examinations, you can get reimbursed for examination fees up to $600 per exam, but only if you pass.

You'll need to submit your request for reimbursement within 90 days of the official exam results being released.

Don't forget to contact the Actuarial Program directly, not any other department or school, to apply for reimbursement.

If you're no longer enrolled at Illinois State University, you won't be eligible for reimbursement.

For another approach, see: University of Illinois Actuarial Science

Application Instructions

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To apply for scholarships, you need to meet specific deadlines. The deadline to apply for the School of Actuarial Science & Risk Management Scholarships is January 23, 2025.

You must be admitted to Drake University as an actuarial science major by this date to be considered for the award.

To apply, you'll need to complete three separate forms. First, submit your application for admission to Drake University.

Next, complete the unified Zimpleman College of Business Scholarship Application, which includes a personal essay, by January 23, 2025.

Finally, submit the FAFSA or International Student Financial Information Form (ISFIF) by the same deadline.

Here's a quick rundown of the required forms:

  • Application for admission to Drake University
  • Unified Zimpleman College of Business Scholarship Application
  • FAFSA or International Student Financial Information Form (ISFIF)

Notification of scholarship awards will occur in mid-March 2025.

2022 Recipients Announced

The Casualty Actuarial Society (CAS) is pleased to announce eight university students as recipients of the 2022 CAS Trust Scholarship.

The David and Maria Biewer Actuarial Student Support Fund awards a scholarship of $4,000+ to a junior in actuarial science at OSU every year.

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The 2020/21 ARECA Actuarial Scholarship was announced for current undergraduate students in the Asia Pacific region who are interested in pursuing the actuarial profession.

The CAS Trust Scholarship was created to further students’ interest in the property and casualty actuarial profession and encourage the pursuit of the CAS designations.

The ARECA Actuarial Scholarship competition involves preparing an essay addressing a business scenario that is illustrative of the actuarial profession.

The David and Maria Biewer Actuarial Student Support Fund is both merit- and need-based, and it is strongly recommended that you file a scholarship application with the college and file a FAFSA application.

2019 University Award Program Now Accepting Applications

The 2019 CAS University Award Program is now accepting applications. This program recognizes the unique role universities play in advancing actuarial science, particularly in property and casualty insurance.

The program is in its fourth year and aims to encourage students to pursue actuarial careers. To be eligible, students must be enrolled in a university program that advances actuarial science.

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The application deadline for the program is not specified in the provided examples, but it is mentioned that the CAS is accepting applications. Students should check the CAS website for more information on how to apply.

Here are some key facts to keep in mind:

  • The 2019 CAS University Award Program is now accepting applications.
  • The program is in its fourth year.
  • The program aims to encourage students to pursue actuarial careers.
  • Students must be enrolled in a university program that advances actuarial science.
  • Check the CAS website for more information on how to apply.

2018 Ola Industry Trip

The 2018 OLA Industry Travel Scholarship is a fantastic opportunity for actuarial students to learn more about the profession and industry. The scholarship sponsors candidates to attend CAS student programs held in conjunction with CAS conferences.

These programs offer actuarial students the chance to engage with practicing actuaries, which can be a valuable experience. The scholarship is a great way to gain insight into the property and casualty insurance industry.

The scholarship is sponsored by the Organization of Latino Actuaries (OLA), which is dedicated to supporting the actuarial profession within the Latino community.

Honoring This Year's Trustees

The Casualty Actuarial Society (CAS) takes the time to honor its scholarship winners in a special way. They recognize the recipients of the CAS Trust Scholarship every year during the CAS Annual Conference.

Ann Pogrebitskiy and Kristen Marshall were among the winners of the 2019 CAS Trust Scholarship. They were awarded $10,000 and $5,000 respectively, for their interest in the property and casualty actuarial profession.

The CAS President presented the winners with an oversized check during the conference.

Wilbur Huels

Senior Writer

Here is a 100-word author bio for Wilbur Huels: Wilbur Huels is a seasoned writer with a keen interest in finance and investing. With a strong background in research and analysis, he brings a unique perspective to his writing, making complex topics accessible to a wide range of readers. His articles have been featured in various publications, covering topics such as investment funds and their role in shaping the global financial landscape.

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