Actuarial science is the application of mathematics and statistics to assess risk in fields such as finance and insurance. This field involves the rigorous study of probability, statistics, mathematics, economics, finance and lately, computer science.
In the past few years, actuarial science has grown to become a field that is highly desirable and sought after. It is also at the top of the list of careers that will be in high demand in the future since there is a long time to go before computers can replace humans completely in this field.
If you are interested in pursuing the study of actuarial science there are a fair number of scholarships you can apply to, to can help cover the cost of tuition.
Deadline: April 1, 2020
The Actuarial Foundation sponsors the Curtis E. Huntington Memorial Scholarship. The scholarship supports college seniors who want to pursue a career in actuarial science. Interested students must have already completed one actuarial exam and have at least a 3.0 GPA. Additionally, a professor must nominate a student for them to qualify for this scholarship.
Amount: Up to $9,000
Deadline: June 1, 2020
The Actuarial Foundation also manages the Actuary of Tomorrow – Stuart A. Robertson Memorial Scholarship. The scholarship aims to support talented undergraduates interested in pursuing a career in actuarial sciences. Selected candidates receive $9000 which spreads across the academic year to cover multiple semesters or terms.
Applicants need to have successfully completed two actuarial exams and be enrolled at an accredited U.S. institution with a minimum 3.0 GPA on a scale of 4.0.
Deadline: March 15, 2020
The Actuarial Diversity Scholarship promotes diversity in the field of actuarial sciences with a scholarship amount of varying amounts based on your year.
To apply, students need to demonstrate intent to pursue a career in actuarial science and have at least one birth parent who is a member of the listed minority groups. They also need to be enrolled in a full- time undergraduate course at a recognized U.S. academic institution with a 3.0 GPA.
Students who have completed actuarial exams have a better chance of winning this award.
Deadline: April 30 (Fall); October 31 (Spring)
The DW Simpson Actuarial Science Scholarship awards students entering their senior year of undergraduate study. Applicants must be majoring in actuarial science and must have a GPA of at least 3.2 in their major and 3.0 overall in addition to having passed at least one actuarial exam.
Amount: Up to $4,000
Deadline: March 31, 2020
The NAC offers 4 scholarships- two scholarships worth $4,000- open for those attending the University of Nebraska and two worth $2,000 for students of any university or college in the United States. The NAC and the Nebraska Insurance Federation sponsors these scholarships.
To qualify, applicants must have graduated high school, and majored in Actuarial science and demonstrated mathematical ability.