The Actuarial Foundation, The International Association of Black Actuaries (IABA), the Organization of Latino Actuaries (OLA), the Sexuality and Gender Alliance of Actuaries (SAGAA) and the South Asian Network of Actuaries (SANA) 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, but they also serve as a prestigious recognition by a highly rated profession.
The Actuarial Foundation extends its sincere gratitude to the following Corporate & Foundation Supporters who generously support this program.
Applications Are Now Open
Organization of Latino Actuaries 2026-2027 Scholarship Ends on March 31, 2026. Follow this link to learn more and apply: 2026 Scholarship and Avanza Sponsorship - Organization of Latino Actuaries
The IABA Scholarship Program provides scholarships at the undergraduate and graduate level for Black students who are interested in pursuing actuarial careers. Many of the IABA Scholarship recipients receive internship or entry-level job offers, as a result of their scholarship award. The scholarship program is available to students of African descent originating from the United States, Canada, the Caribbean and African nations. Requirements:
- Must be a citizen or permanent resident of the United States; or a citizen or permanent resident of Canada, a citizen of any Caribbean or African nation on a United States or Canadian student visa
- Must be admitted to a college or university in the United States or Canada offering either a program in actuarial science or courses that will serve to prepare the student for an actuarial career
- Must have a GPA of at least 3.0 on a 4.0 scale
Additional Judging Criteria:
- A demonstration of interest in and a familiarity with the actuarial profession
- Proficient communication skills
- Evidence of determination and self-motivation
- Calculus and Probability courses
- Scholastic Aptitude Test (SAT) with a minimum math score of 600 or the ACT Assessment with a minimum math score of 28, or equivalent testing results for students outside of the USA
- Attempting (or already passed) an actuarial exam
Award amount: $2,500 - $5,000 Note: Any officers, board members, or IABA Scholarship Committee members, or immediate relatives or employees of officers, board members or IABA Scholarship Committee members are not eligible.
The SANA Scholarship Program provides scholarships for actuarial candidates who are interested in pursuing actuarial careers. The scholarship program is available to students around the world.
Requirements:
- Must have intention to pursue an actuarial credential that will serve to prepare the student for an actuarial career;
- Must have a GPA of at least a 3.0 on a 4.0 scale, or the equivalent.
Additional Judging Criteria:
- A demonstration of interest in and a familiarity with the actuarial profession
- Proficient communication skills
- Evidence of determination and self-motivation
- Scholastic Aptitude Test (SAT) with a minimum math score of 600 or the ACT Assessment with a minimum math score of 28, or equivalent testing results for students outside of the USA
- Attempting (or already passed) an actuarial exam
Award amount: Registration for one preliminary actuarial exam through the Society of Actuaries or the Casualty Actuarial Society + six months of full access to the Coaching Actuaries seminar for the selected exam.
Note: Any officers, board members, or SANA Scholarship Committee members, or immediate relatives or employees of officers, board members or SANA Scholarship Committee members are not eligible.