Actuarial Scholarships for Minority Students

There are several scholarship opportunities for minority students who are pusuring a career in actuarial science. The website "Be an Actuary" has a page of resources where specific eligbility requirements/guidelines can be found for each scholarship.

1) Actuarial Foundation Actuarial Diversity Scholarship: promotes diversity within the profession through an annual scholarship program for Black/African American, Hispanic, Native North American and Pacific Islander students. Award levels: $1,000 for high school senior applying for freshman year, $2,000 for freshman applying for sophomore year, $3,000 for a sophomore applying for junior year, $4,000 junior applying for senior year. 

2) IABA Foundation Actuarial Scholarships: This program advances its mission by providing scholarships at the undergraduate and graduate level to qualified black students who are interested in pursuing an actuarial career. IABA's mission is to contribute to an increase in the number of black actuaries and to influence the successful career development, civic growth and achievement of black actuaries.  IABA Foundation Scholarship recipients are required to serve on an IABA committee for one year.  Future portions of the scholarship amount are contingent upon fulfilling the service requirement.

3) Morgan State University: the mission of the Morgan State University Actuarial Science Program is to increase the number of highly qualified students, especially among underrepresented populations, entering careers in actuarial and actuarial-related fields who can significantly contribute to the financial security of all entities through their ability to identify, assess, manage and quantify uncertainty and risk in various situations. to increase the number of highly qualified students, especially among underrepresented populations, entering careers in actuarial and actuarial-related fields who can significantly contribute to the financial security of all entities through their ability to identify, assess, manage and quantify uncertainty and risk in various situations. 

4) Mutual of Omaha Actuarial Scholarship for Minority Students: Awarded to undergraduates preparing for actuarial careers. This $5,000 award, which is paid in equal installments during the school year, is contingent upon the recipient’s continued satisfactory preparation for an actuarial career. 

5) Robert Morris University: Each year one incoming freshman will be selected for the Highmark Presidential Scholarship, which will cover the full tuition cost at Robert Morris University, renewable for up to four years, provided the recipient remains in good standing. The primary purpose of the scholarship is to broaden the diversity of the actuarial science study body, and preference will be granted on that basis. 

6) University of Conneticut Actuarial Diversity Scholarship:Recipients of the scholarship receive a $5,000 annual award throughout their four years at UConn, provided students continue to meet the requirements of the actuarial science major.  This scholarship is open to Black, Hispanic, and Native American high school seniors, members of minorities underrepresented in the Society of Actuaries and Casualty Actuarial Society as compared to the larger United States population.  To be eligible, students do not need to complete a separate application, but rather only need to apply to the University of Connecticut and indicate that they are a member of one of the underrepresented minority groups.  Selection will be based on students’ mathematical potential, including Math SAT and Advanced Placement Calculus scores; leadership experience and extracurricular involvement; and academic background.