The Actuarial Foundation, The International Association of Black Actuaries (IABA), the Organization of Latinx 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
STEM Stars Actuarial Scholars Program
The STEM Stars Actuarial Scholars Program fosters diversity within the actuarial profession by offering scholarships to aspiring college-bound students interested in pursuing a career as an actuary. The program not only provides financial support valued at $20,000 (distributed over four years at $5,000 annually) but also provides mentorship from actuaries, exam resources, immersive in-person and virtual experiences, exposure to internship and industry opportunities, and guidance throughout their college experience.
Eligibility Requirements:
To qualify for the STEM Stars Actuarial Scholars Program, applicants must meet the following criteria:
- Current High School Seniors or College-Bound Students: Open to individuals in their senior year of high school or those who have graduated high school within the last two years and will enter a 4-year university as a freshman.
- Academic Performance: Applicants should exhibit strong academic performance, with a minimum overall GPA of 3.0, an SAT Math score of 600+, or an ACT score of 25+.
- Math Proficiency: Has a demonstrated proficiency in mathematics, including Algebra, Calculus, state tests (Proficient or Advanced), and/or completion of Advanced Placement classes. (Alternative Criteria: A "B" average or higher in other subjects may be accepted in place of exceptional math proficiency)
- Recommendation: A recommendation provided by a principal, teacher, guidance counselor, or another qualified professional is required.
- Actuarial Career Aspirations: Candidates must express a sincere intent to pursue a career in the actuarial field.
- Financial Need: Evidence of financial need will also be considered during the selection process.
Please be advised that virtual interviews may be conducted as part of the final selection process for the top 20 applicants in the program.
Scholarship Disbursement and Renewal:
The scholarship award will be distributed over multiple semesters or other academic terms within a single year. To continue receiving the scholarship in subsequent years (2, 3, and 4), students must complete all yearly program requirements, submit any requested documents, and be approved for renewal by the program leadership. All scholarship awards will be made payable to accredited educational institutions in the United States. If a recipient attends school for only a portion of the upcoming year (e.g., one semester), the scholarship amount will be adjusted accordingly.
Acknowledgments:
The STEM Stars Actuarial Scholars Program owes its existence to the generous support of our Corporate Advisory Council companies and dedicated donors. These organizations are committed to empowering students in their pursuit of a career as actuaries and are enthusiastic about enhancing diversity within the actuarial profession. We invite you to explore these companies that share in your journey toward success.