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Departmental Scholarship Opportunities:
The University of Iowa has one of the best statistics and actuarial science programs in the country. We graduate exceptional students sought by universities, government agencies, major insurers and consulting firms, and many of our graduates have played prominent roles in the profession. Our faculty members publish in the most respected journals and are active participants in the affairs of many statistical and actuarial societies.
At The University of Iowa, we endeavor to continue our tradition of providing the finest education possible. The Department's role remains a constant -- to educate today's students to be tomorrow's leaders -- and with your assistance, we look forward to fulfilling that role for the generation of students to come.
Private gifts are critical in helping advance the Department's mission of education, research, and service. Because so many people benefit from the educational opportunities at Iowa, we are grateful for your help in making these opportunities available. To make a gift online please select here.
- The department is extremely grateful for the generous support of our Actuarial Science Program. Our students greatly benefit by the contributions provided by companies and friends of the program. The following companies and foundations are providing scholarships for the 2009-10 school year. Thank you very much!
To apply for the Aegon Foundations Scholarship, Aviva Charitable Foundation Grant, Lloyd Knowler Scholarship, Principal Financial Group Foundation Scholarship, D. W. Simpson and Company Scholarship and the Towers Perrin Scholarship: Please complete the application and submit before July 1, 2009 for the 2009-10 academic year. Application is found here.
AEGON Foundation Scholarship: AEGON has established a scholarship program to assist outstanding students who are majoring in Actuarial Science. Based upon current academic record and success on exams, the student recipient will be selected prior to each academic year by the department. The $3000 AEGON scholarship will be awarded to one sophomore or junior with a grade point average of at least 3.0 (or higher). Past award recipients.
Aviva Charitable Foundation: The Aviva Charitable Foundation (formerly AmerUs Group Charitable Foundation) was created in December 1994. Aviva's Charitable Foundation is committed to helping support community and cultural advancement through support of United Way, the arts and education.
Based upon current academic record and success on exams, the student recipient will be selected prior to each academic year by the department. One scholarship award of $3000 is provided to a junior or first-year graduate student with a grade point average of at least 3.0 (or higher). A second scholarship award of $3000 is provided to a senior or second-year graduate student with a grade point average of at least 3.0 (or higher). Past award recipients.
CIGNA Foundation Scholarship: CIGNA has established a scholarship program to assist outstanding students who are majoring in Actuarial Science. In the Fall of 2009, Cigna will purchased textbooks (Actuarial Mathematics, Society of Actuaries) for students taking course number 22S:174 - Quantitative Methods for Actuaries.
Past award recipients.
Lloyd A. Knowler Scholarship: Professor Lloyd A. Knowler came to the University of Iowa as an undergraduate student in the late 1920's. He completed his Ph.D. in Mathematics here in 1937, and was appointed to a faculty position in the Mathematics Department (Actuarial Science was taught in the Math Department until 1965). He retired in 1978, but remained active in our Department until his death in 1990 at the age of 82. In addition to his interest in Actuarial Science, he was a founding member of the American Society of Quality Control. The fund for this annual $1,000 scholarship was established through the UI Foundation by the American Society for Quality Control, State University of Iowa Section, in the name of Professor Knowler. It is awarded to students based on academic merit and future promise. Past award recipients.
Principal Financial Group Foundation Scholarship: The Principal Financial Group Foundation has generously provided a student scholarship to the Department of Statistics and Actuarial Science for many years. Since 1983, the department has awarded full-time in-state tuition to the scholarship recipient. Based upon current academic record and success on exams, the student recipient will be selected prior to each academic year by the department.
Past award recipients.
Harold W. Schloss Memorial Scholarship: In November 1984, the Harold W. Schloss Scholarship was established by the Casualty Actuarial Society as a memorial to Mr. Schloss, a past president of the Society. The fund for this annual $500 scholarship stipend was initiated by Mr. Schloss' wife, Frances A. Schloss, and their children. The scholarship is being used to benefit deserving and academically outstanding students in the actuarial program of the Department of Statistics and Actuarial Science at the University of Iowa. The student recipient will be selected each spring by the Trustees of the CAS Trust, based upon the recommendation of the department. Past award recipients.
D.W. Simpson & Company Scholarship: D.W. Simpson & Company, Inc., has established a scholarship program to assist students who are majoring in Actuarial Science. Based upon current academic record and success on exams, the student recipient will be selected prior to each academic year by the department and receive $1000.
Past award recipients.
Towers Perrin Scholarship: To assist actuarial science students, Towers Perrin has established a scholarship program, not only to represent their commitment to our department and our students, but also to signal their belief that our Actuarial Science Program is among the best in the nation. Based upon current academic record and success on exams, the student recipient will be selected prior to each academic year by the department and receive a $2500 scholarship.
Past award recipients.
Additional Scholarships:
- Charles E. and Eleanore G. Wilson Scholarship: This fund was established with numerous gifts from Charles E. and Eleanore G. Wilson. Charles Wilson (BA, 1941) attended The University of Iowa during the Depression only because of a scholarship. He was an actuary for 45 years. He established this fund because he wanted to give future students the same opportunity he had and to help the actuarial profession.
Based upon current academic record and success on exams, the student recipient will be selected prior to each Fall and Spring semester by the department. In the past, numerous scholarships ranging from $500 to $3500 each were awarded to over twenty students each semester.
- To apply for the Wilson Scholarships: More informtion and application procedures for the Wilson's Scholarships will be sent to all students in the fall of 2010 for the 2011-12 school year.
Additional Awards Presented to our Students:
Allen T. Craig Award: This award is presented to the outstanding teaching assistant of the year. To be eligible, a TA must have taught in the preceding fall semester, or in the current spring semester. The decision is based upon nominating statements, faculty evaluations, and visits to the candidates' classes by members of the Awards Committee. The winner receives a certificate and a plaque. The award may be presented to more than one individual.
Taylor Awards in Actuarial Analysis and Academic Performance: Mr. Robert H. Taylor wishes to encourage all students in the department (as well as students outside the department) to pursue scholarship in the actuarial profession. Accordingly, Mr. Taylor established this fund to support annual awards to be given to the University of Iowa students who demonstrate excellence in research and academic performance. Students win this award and are recognized at our annual Knowler-Taylor Awards Day in the Spring semester. These awards also include a financial gift.
Knowler Awards for Outstanding Achievement: Professor Lloyd A. Knowler came to the University of Iowa as an undergraduate student in the late 1920's. He completed his Ph.D. in Mathematics here in 1937, and was appointed to a faculty position in the Mathematics Department (Actuarial Science was taught in the Math Department until 1965). He retired in 1978, but remained active in our Department until his death in 1990 at the age of 82. In addition to his interest in Actuarial Science, he was a founding member of the American Society of Quality Control. Students win this award and are recognized at our annual Knowler-Taylor Awards Day in the Spring semester. These awards also include a financial gift.
Allstate-sponsored Exam Refunds: Allstate has contributed funds to reimburse students who pass CAS Part 1 (SOA Exam P), CAS Part 2 (SOA Exam FM), and CAS Part 4 (SOA Exam C). They are also awarded a certificate from the company in recognition of this honor and achievement. The refunds range from $120 to $300 for each exam.
Department-sponsored Exam Refunds: The department has funds from numerous scholarships to reimburse students who pass CAS Part 1 (SOA Exam P), CAS Part 2 (SOA Exam FM), SOA Exam MLC, CAS Exam 3F (SOA exam MFE) and CAS Part 4 (SOA Exam C). Students are requested to fill out the Application for the CAS/SOA exam refunds prior taking the examinations. Once official scores are posted on the SOA web site reimbursements generally will follow 2-3 weeks later. The refunds range from $120 to $300 for each exam.
Additional Financial Awards given to our students from The University of Iowa:
College of Liberal Arts Scholarships: The College of Liberal Arts & Sciences is committed to assisting students in every way possible to be remarkable at The University of Iowa.
One way this is accomplished is with scholarships. The College of Liberal Arts & Sciences currently supports 34 different scholarships that may be awarded to first-year students or to currently enrolled students through the College's annual scholarship competition. Applications will be available November 2, 2009- February 2, 2010. Scholarship awards will be announced in March, 2010.
Presidential, Old Gold, CLAS Excellence Award, National Merit Scholarships, etc.: A
The University of Iowa offers more than 1,500 scholarships each year to outstanding students based on financial need, academic merit, or both.
Students may receive multiple scholarships. Receiving a UI scholarship will not disqualify you from also receiving need-based grants or loans offered through the UI Office of Student Financial Aid.
Scholarships for First-Year Students. |
Scholarships for Transfer Students.
Actuarial Foundation Scholarships:
The Actuarial Foundation currently supports four scholarships: The Actuarial Diversity Scholarship, the Actuary of Tomorrow Stuart A. Robertson Memorial Scholarship, the John Culver Wooddy Scholarship, and a Caribbean Actuarial Scholarship (this one is only for students attending University of West Indies).
The Actuarial Diversity Scholarship: The Actuarial Diversity Scholarship was formed in 1977 as a joint effort by the Casualty Actuarial Society and the Society of Actuaries. The door to the actuarial profession has been opened to hundreds of minority students over the years. In 2008 this Scholarship program was transferred to The Actuarial Foundation to further strengthen, increase and to assure the continuation of a diverse, high quality actuarial candidate pool through awards of the Actuarial Diversity Scholarship. 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.
The 2010 Scholarship Application and Guidelines will be available in the fall.
For additional information contact The Actuarial Foundation at: Scholarships@ActFnd.org.
- Actuary of Tomorrow Stuart A. Robertson Memorial Scholarship: Stuart A. Robertson, FSA, MAAA, a distinguished actuary, passed away on November 4, 2005 at the age of 87. Mr. Robertson co-founded the actuarial and consulting firm Milliman & Robertson (now Milliman, Inc.) over 50 years ago, together with Wendell Milliman. Mr. Robertson served as CEO and Chairman of the firm for many years prior to his retirement in 1983. He was also active in the actuarial profession, serving on the Society of Actuaries Board of Governors and in other capacities. A scholarship fund was established in 2006 in Stuart Robertson's name at the Actuarial Foundation to honor his dedication to excellence and to recognize his tremendously positive influence on the professional lives of many colleagues. Funding is being provided by Milliman, Inc. and by several of Mr. Robertson's colleagues and friends.
The Actuary of Tomorrow Scholarship recognizes and encourages the academic achievements of undergraduate students pursuing a career in actuarial science. Applicants must be a full-time undergraduate student entering as a sophomore, junior or senior, must have a minimum cumulative GPA of 3.0 (on 4.0 scale) and must have successfully completed two actuarial exams. The Actuarial Foundation provides an award of $7,500 for education expenses at any accredited U.S. educational institution.
John Culver Wooddy Scholarship: The John Culver Wooddy Scholarship is awarded annually to college seniors who have successfully completed at least one actuarial examination, rank in the top quartile of their class and are nominated by a professor at their school. Each year, selected students receive $2,000 scholarships, established by the estate of John Culver Wooddy, a distinguished actuary who set aside funds to provide scholarships to actuarial students.
The AERF Committee of TAF administers the scholarship as part of its mission to carry out research and education projects in the field of actuarial science on behalf of the actuarial profession.
Additional Scholarships:
- The department is often notified of new scholarship opportunities. When these arise we notify our students so that they can apply for these special awards. If you know of a scholarship that our students would be interested in submitting an application, please contact us at actuarial-science@uiowa.edu
Thank you!
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