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Scholarships
Top actuarial science/ insurance scholarships for you
Find scholarships for actuarial science/ insurance majors that can help you pay for college.
Here’s a scholarship you can apply for in minutes.
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What are actuarial science/ insurance scholarships?
Actuarial science/ insurance scholarships are financial aid for college created specifically for actuarial science/ insurance students. Scholarships for actuarial science/ insurance majors can help students access higher education opportunities that otherwise may be out of reach because of financial reasons. All scholarships are free money for college that you don’t have to pay back.
Eligibility requirements for actuarial science/ insurance scholarships
Before you apply for actuarial science/ insurance scholarships, make sure you check the eligibility requirements to see if you qualify. These may include:
- Minimum GPA
- Community service experience
- U.S. citizenship
- Plans to attend an accredited program
- Leadership skills
- FAFSA® submission
Scholarship requirements vary, so don’t assume you won’t qualify. Keep searching for scholarships that best match your qualifications.
Are actuarial science/ insurance scholarships worth my time?
If you want to get as much free money as you can for your education, then yes! You’ll find some scholarships are quick and easy to apply for, while others require more time and effort. Typically, fewer students apply for scholarships that require work (like writing an essay) which means you could have better odds of winning if you apply for one of those.
Pro tip: Don’t pass up on actuarial science/ insurance scholarships that have smaller award amounts. ($) There’s typically less competition for them—and they add up!
How do I find actuarial science/ insurance scholarships?
From your school to national organizations, there are so many places to find actuarial science/ insurance scholarships that can help you pay for college.
Scholarship resources
- The financial aid office at a college or career school
- Organizations (such as professional associations) related to your field of interest
- Federal agencies
- Free scholarship search engines, like Scholly Scholarships
- Local libraries, businesses, or associations
Your high school guidance office is a great place to start when looking for local scholarships. You could also try doing a search for your city’s name and “community foundation,” or the county you live in and “foundation.”
Scholly Scholarships
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Easily search through thousands of college scholarships based on your background, major, state you live in, and more.
Hot tip! Smaller scholarships may have less competition, increasing your odds of winning.
Scholarships for actuarial science/ insurance majors
Michel Family Endowed Scholarship
Due: 2/28/26
No essay
No Recommendations Required
No Transcripts Required
Varies
The Michel Family Endowed Scholarship is open to a student pursuing a degree in Risk Management and Insurance. Recipients must be accepted into an internship. The recipients must meet university standards for acceptance at ULM. Please visit the scholarship's website for more information.
Actuarial Science Scholarship Fund
Due: 5/9/25
No essay
No min. GPA Required
No Recommendations Required
No Transcripts Required
Varies
The Actuarial Science Scholarship Fund is open to students enrolled in Barney Business School and must be in the Actuarial Science Program.
D.W. Simpson Actuarial Science Scholarship
Due: 4/30/25
No Recommendations Required
No Transcripts Required
$1,000
The D.W. Simpson Actuarial Science Scholarships are awarded to students entering their senior year of undergraduate study in actuarial science. Applicants must have maintained a GPA of 3.2 or higher in their major and an overall GPA of 3.0 or better. They must have passed at least 1 actuarial examination and are eligible to work in the United States full-time for any employer without requiring employer sponsorship. Please visit the scholarship's website for more information.
IUI-Actuary Scholarship (Science)
Due: 12/31/25
No min. GPA Required
No Recommendations Required
No Transcripts Required
Varies
The IUI-Actuary Scholarship (Science) is open to undergraduate or Graduate Studentss who are interested in pursuing a career as an actuary and are enrolled in the Department of Mathematical Sciences in the School of Science. The recipient will have successfully completed at least three of the five exams necessary to earn the Associate of the Society of Actuaries designation, as recognized by the Society of Actuaries. The recipient must be a student enrolled in the IUI School of Science.
University of the West Indies - Caribbean Actuarial Scholarship
Due: 7/31/25
No essay
No Recommendations Required
No Transcripts Required
$3,000
The Caribbean Actuarial Scholarship was established to be an annual award to University of the West Indies (UWI) actuarial student(s) who demonstrate a strong record of accomplishment, leadership qualities and commitment to becoming an actuary. The scholarship amounts are $2,000 for students entering their second year of studies, $3,000 for students entering their third year of studies and a $1,000 floating scholarship. There is also a $500.00 bonus award available for each Casualty Actuarial Society (CAS), Institute and Faculty of Actuaries (IFoA) or Society of Actuaries (SOA) exam passed while enrolled in the Actuarial Science Program at the University of the West Indies or within 9 months of graduating from the program. Please visit the scholarship's website or contact The Actuarial Foundation for more information.
Drake University Actuarial Science Scholarships
Due: 1/23/26
No min. GPA Required
No Recommendations Required
No Transcripts Required
$3,500
The Drake University Actuarial Science Scholarships are open to incoming first-year students who have declared a major in actuarial science, possess evidence of exceptional academic performance and demonstrate financial need. There are two scholarships available: the $3,500 Roger K. Brooks Actuarial Science Scholarship and the $1,000 Dr. Newt Bowers Endowed Scholarship. Please visit the scholarship's website for more information.
What types of actuarial science/ insurance scholarships are available?
Need-based scholarships
These are scholarships for students who have demonstrated a financial need. There’s no universal number or set income level that tells you if you qualify. How each scholarship defines what financial need means varies. The federal government as well as specific organizations, corporations, and colleges/universities/schools offer need-based scholarships.
Merit scholarships
Merit scholarships are for students who have shown high academic, athletic, or extracurricular achievement over their high school careers. Not all schools/colleges offer merit-aid—highly selective schools typically don’t. The process for applying for merit scholarships varies. For merit scholarships offered through colleges and universities, you generally don’t have to do anything other than complete the application to the school itself. For some schools, you need to submit the Free Application for Federal Student Aid (FAFSA®) to be eligible.
Career-specific grants or scholarships
These are awarded to students who know they want a career in a specific industry. Maybe they know they want to be a teacher, a nurse, or an engineer. To be eligible for grants, students must submit the FAFSA®. To find career-specific scholarships, try searching for your major and “association.”
Community or nonprofit scholarships
Nonprofit and community organizations often receive funding from donors to create scholarship programs for students who need them.
Tips for successful scholarship applications
- Pull together everything you need for the application including transcripts, so you can submit a complete scholarship application.
- You may need a recommendation letter or letters for a scholarship. Ask a teacher, employer, or someone else who knows you to write one for you—and be sure to give them enough time to do it.
- If you’re writing a scholarship essay, follow the prompt, answer the essay question completely, and write from your experience. A few well-written essays that you can reuse for different scholarship applications can really pay off.
- Highlight your strengths and achievements in your application.
- Talk about your financial need and what you would use the scholarship money for if you won. How would it help?
- Have to interview for a scholarship? Dress to impress in a professional outfit. And do your research! Look into how/why the scholarship was created. Try to bring up why it’s meaningful to you. Also, don’t forget to send a thank-you note afterwards.
- Keep track of all the deadlines for the scholarships you’re applying to. If you miss one, they may not extend the due date.
- Apply for scholarships year after year, all through college. As you continue your studies, gain more experience, and try new extracurricular activities in college, you might be eligible for more scholarships you weren’t originally qualified for.
Want more tips to up your chances of winning? Check out our scholarship guide for everything you need to know about finding and winning scholarships.
Frequently asked questions
These tips can help as you get ready to apply for actuarial science/ insurance scholarships.
When are scholarship application deadlines?
There’s no standard deadline for scholarship applications. Each scholarship has its own deadline, so be sure to keep track of dates and make sure you don’t miss any deadlines of scholarships that you want to apply to.
Do you need to know which college you’re attending?
You don’t need to know which college you’re going to attend before applying for most scholarships. However, once you’re awarded scholarships, some of them may ask for eligibility verification—which can include proof of college enrollment.
Is there a limit on how many scholarships you can apply for?
Absolutely not, so apply for as many as you can to increase your chances of winning free money. Want to find more types of scholarships? There are so many, check them out!
Pro tip: Apply for scholarships each year you’re in college.
Does every scholarship application require an essay?
Not every scholarship will ask you to submit an essay—different scholarships have different requirements. If you’re applying for a scholarship with an essay and need help writing yours, get tips for writing scholarship essays.
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More resources to explore
Tips for writing scholarship essays
Get tips for writing scholarship essays. Learn what makes a good scholarship essay.
Find scholarship resources
Explore our scholarship resources, articles, and guide to get all the tips and tricks to help pay for college.
Fill out the FAFSA®
Learn when and how to apply for the FAFSA (Free Application for Federal Student Aid) to maximize your chances of getting federal student financial aid. Get tips now.
*No purchase necessary. Void where prohibited. Odds of winning depend on number of entries received. Ends 12/31/2025.
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