The Actuarial Diversity Scholarship Programme

The Actuarial Diversity Scholarship

The Actuarial Diversity Scholarship was formed in 1977 as a joint effort by the Casualty Actuarial Society and the Society of Actuaries and 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 further strengthen, increase and assure the continuation of a diverse, high-quality actuarial candidate pool.

We wish to thank our most generous corporate sponsors for their continued support in encouraging students in their academic pursuits on the path to becoming an actuary.

The Actuarial Foundation ensures the future of the actuarial profession through its scholarships and reimbursement programs. Recipients of Foundation scholarships are selected by representatives of the actuarial profession, who may one day be their peers. So, not only are these scholarships a means to offset the cost of education, they also serve as a prestigious recognition by a highly rated profession. 

For recipients of the Caribbean Actuarial Scholarship: A $500.00 bonus award is available for each CAS, IFoA or SOA exam passed while enrolled in the Actuarial Science Program at the University of the West Indies. The Actuarial Foundation is pleased to announce that three individuals have received this bonus award to date. For additional information, contact The Actuarial Foundation at: [email protected]

All Actuarial Diversity Scholarship Opportunities

The Application Period will begin November 1. You may begin updating your General Application at that time in order to be considered for the 2018-2019 award cycle.

The Actuarial Foundation reserves the right to change or discontinue any of the noted scholarship programs at any time and without notice. Award recipients are selected at the sole discretion of the selection committee for that particular scholarship.

Actuarial Diversity Scholarship

The Actuarial Diversity Scholarship promotes diversity within the profession through an annual scholarship program for Black/African American,…. Scholarship Deadline will be March 1, 2018
  • $1,000 – high school senior applying for freshman year;
  • $2,000 – for sophomore year; $3,000 – for junior year;
  • $4,000 – for senior year;
  • Scholarship Awards Will Be Announced on June 1, 2018.
 International Association of Black Actuaries Scholarship
The IABA Scholarship Program provides scholarships at the undergraduate and graduate level for black students who are interested in pursuing,…. Scholarship Deadline will be March 31, 2018
  • Varies from $3,000 – $5,000
The Curtis E. Huntington, FSA, MAAA, FCA, MSPA (1942-2013) Memorial Scholarship (formerly the John Culver Wooddy Scholarship) was established to,… Scholarship Deadline will be April 1, 2018
  • Award value $2000
  • Scholarship Awards Will Be Announced on June 1
 Actuary of Tomorrow – Stuart A. Robertson Memorial Scholarship
Stuart A. Robertson, FSA, MAAA (1918-2005) was a distinguished actuary who, along with Wendell Milliman, co-founded the actuarial and consulting,… Scholarship Deadline will be June 1, 2018
  • Award value $9,000
  • Scholarship Awards Will Be Announced on August 1

Caribbean Actuarial Scholarship

The Caribbean Actuarial Scholarship was established in 2008 in memory of Basil L. and Monica G. Virtue by their son-in-law, S. Michael McLaughlin,… Scholarship Deadline will be July 17, 2018
  • $2,000 – student entering second year of studies;
  • $3,000 – student entering third year of studies;
  • Scholarship Awards Will Be Announced on August 17

An overview of The Actuarial Foundation

The Actuarial Foundation, a 501(c)(3) organization, is the philanthropic organization for the actuarial industry in the United States. Since 1994, the Foundation has promoted lifelong math education and financial literacy through its learning resources and scholarships. The mission of the Foundation is to enhance math education and financial literacy through the talents and resources of actuaries. The Foundation’s vision is an educated public in pursuit of a secure financial future.

The Actuarial Foundation is a joint effort

 Since 2004, The Actuarial Foundation has received unwavering support from the U.S. actuarial organizations. Their trust and dedication to the Foundation’s mission are key elements to our continued growth and success as the philanthropy for actuaries in the United States.

Modeling the Future Challenge

 The Modeling the Future Challenge (MTF) is a new academic competition being developed with support from the Institute of Competition Sciences – a leader in challenge-based learning programs. The premise of the MTF is simple. High school students are challenged to develop and present their own mathematical models of how a new technology or industry might change the future.

Successful submissions to the MTF will provide findings supported by mathematical computations. By completing the MTF, students will learn how mathematics applies to cutting-edge industries and technologies. They will also learn more about highly sought-after careers as actuaries and other math-related professional opportunities.

Click here to learn more and participate in the Modeling the Future Challenge.


  1. High school students enrolled in the 11th or 12th grade for the Fall 2017 – Spring 2018 school year (or the equivalent in an informal or home-schooled educational program) in the United States or its territories are eligible for the Modeling the Future Challenge. Students can be in any type of schooling; formal, informal, home-schooled, etc.
  2. Submissions may be the work of 1 to 3 students.
  3. Each student or team of students submitting to the challenge must have an adult “coach” noted on the submission. Coaches can be any adult, 18+ years old.

Challenge Finalists

Between 4 and 11 finalists (individuals or teams) will be invited to come to New York City for the Modeling the Future Symposium where finalists will meet with actuaries, learn about college and career opportunities, explore the city, and present their models of the future to a panel of actuarial professionals for a shot to win one of the scholarship awards. The ultimate number of teams selected as finalists will depend upon funding from our sponsors.

Educator Support

  • $1,000 Top Coach Award will be provided to the coaches of the top 4 teams.
  • $1,000 School Support Grant to the school with the most complete submissions.

Actuarial Scholars

The grand prize “Actuarial Scholar Awards” will be provided as college scholarships to each winning team’s school(s) of choice.

  • 1st Place:  $25,000
  • 2nd Place: $15,000
  • 3rd Place: $10,000
  • 4th Place: $5,000

The Actuarial Foundation reserves the right to change or discontinue any of the noted scholarship programs at any time and without notice. Award recipients are selected at the sole discretion of the selection committee for that particular scholarship. All scholarship awards are made payable to U.S. accredited educational institutions only.

The Actuarial Diversity Scholarship Programme
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The Actuarial Diversity Scholarship Programme
Apply for the annual Actuarial Diversity Scholarship Programme from the Actuarial Foundation. The Actuarial Diversity Scholarship Programme offers four categories of scholarships totally sixty three awards for college students.
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