The Actuarial Diversity Scholarship has the aim to promote diversity within the profession.
The foundation is thus awarding an annual scholarship program for Black/African American, Hispanic, Native North American and Pacific Islander students who are encouraged to reach the higher academic achievements pursuing a degree that may lead to a career in the actuarial profession.
The award will not be paid directly to the student, but the scholarship awards are made payable to the U.S. accredited educational institution which the recipient is attending.
The Actuarial Diversity Scholarship Awards are $1,000 for a Freshman year, $2,000 for a Sophomore, $3,000 for Junior and $4,000 for a Senior year.
The great thing to know is that the scholarship is renewed.
Just make sure you meet all the eligibility requirements for the Actuarial Diversity Scholarship, being that not everybody is considered an eligible candidate.
Each applicant must have at least one birth parent who is a member of either Black/African American, Hispanic, Native North American or Pacific Islander minority group.
He/she has to be enrolling as or enrolled as a full-time undergraduate student at the U.S. accredited educational institution and possesses a minimum cumulative GPA of 3.0 on a 4.0 scale, with emphasis on math or actuarial courses.
Entering college freshmen must have a minimum ACT math score of 28 or SAT math score of 620 and intent on pursuing a career in the actuarial profession.
Only applicants interested in becoming actuaries will be reviewed.
How to Apply
If you meet the above-mentioned eligibility requirements and are interested in applying for this scholarship, you should know that the application process starts on November 1st, and from that moment on the application form will be available online, on the scholarship provider’s official website.
Make sure you submit all the required documentation prior to the deadline on 31st March.
When the selection criteria are in question, the actuarial exams will be an important factor in evaluating scholarship qualifications.
Additionally, scores achieved on the exams will also be a consideration for previous award recipients applying to renew the scholarship.