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Minority Actuarial Scholarships

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    Industry Organizations

    • Associations and organizations directly related to the actuary industry provide scholarships for minority students. The groups may be nationally-based and open to all actuaries, like the Actuarial Foundation, which gives away $1,000 through $3,000 to minority actuary students through the Actuarial Diversity Scholarship. Other industry organizations that provide minority actuarial scholarships have a more specific membership base, such as the International Association of Black Actuaries, offering a number of scholarships intended specifically for black actuaries.

    Public Schools

    • Minority actuarial students can turn to the very colleges and universities where they are earning their degrees to find scholarships. Schools that offer minority actuarial scholarships include public institutions both large and small. Minority actuary scholarships come from large schools, such as the University of Connecticut's Actuarial Diversity Scholarship worth $5,000 for up to four years. Scholarships also come from smaller schools, like Morgan State University, which offers the Actuarial Science Program Scholarship for full or partial tuition, and Georgia State University, giving away the $2,000 Insurance Professionals of Atlanta Scholarship.

    Private Schools

    • Scholarships for minority actuarial students also come from several private schools. Agnes Scott College, an all women's college, and Pacific Lutheran University both offer minority actuary scholarships for women and minority students. Other private colleges offer scholarships that allow minority students to receive additional actuarial training through summer programs, like the full-tuition scholarships offered by Howard University for its Summer Actuarial Program.

    Companies

    • Various companies who hire and employ actuaries provide scholarships for minority actuaries to help increase the diversity of those company's workforces. Companies that fund minority actuarial scholarships include Mutual of Omaha, who partners with Interdenominational Ministerial Alliance to provide the Martin Luther King Jr. Scholarship Program. The Mutual of Omaha scholarship provides $2,000 to African American actuary majors. Businesses that employ actuaries also partner with schools to offer minority scholarships. For example, the $300 Allstate Minority Scholarships in Actuarial Science is a result of a partnership between Allstate Insurance Company and the Actuarial Program at Illinois State University.

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