Thursday, March 24, 2016

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The Actuarial Foundation
475 North Martingale Road, Suite 600
Schaumburg, IL 60173-2226
(847)706-3535 Fax: (847)706-3599

This Scholarship promotes diversity through an annual scholarship program for Black/African American, Hispanic and Native American Indian students recognizing and encouraging academic achievements by awarding scholarships to full time undergraduate and graduate students pursuing a degree that may lead to a career in the actuarial profession.

Application Information
Each applicant must fulfill all the requirements listed below:

  • Intent on pursuing a career in the actuarial profession
  • Must have at least one birth parent who is a member of one of the following minority groups: Black/African American, Hispanic, Native North American, Pacific Islander
  • Will be a full-time undergraduate student at a U.S. accredited educational institution
  • Minimum GPA of 3.0 (on a 4.0 scale), emphasis on math or actuarial courses       
  • Entering college freshmen must have a minimum ACT math score of 28 or SAT math score of 600
Actuarial exams will be an important factor in evaluating scholarship qualifications for applicants entering their junior year and beyond. Additionally, exams passed will also be a consideration for previous award recipients applying to renew the scholarship.

$1,000 – high school senior applying for freshman year;
$2,000 – college freshman applying for sophomore year
$3,000 – college sophomore applying for junior year; and
$4,000 – college junior applying for senior year

The award will be divided to cover multiple semesters or other terms comprising the academic year. All scholarship awards are made payable to the U.S. accredited educational institution. Recipients attending school for a portion of the upcoming year (e.g., one semester) will receive the corresponding portion of a full year scholarship amount.


Number of Awards
Varies each year; 39 were awarded for 2015-2016

May 2, 2016