The Morgan State University Actuarial Science Program Scholarship and affliated scholarship programs are provided to students to assist in promoting the Program's mission, which is:

§      to increase the number of highly qualified students, especially among underrepresented populations, entering careers in actuarial and actuarial-related fields who can significantly contribute to the financial security of all entities through their ability to identify, assess, manage and quantify uncertainty and risk in various situations

§        to promote the development and use of statistics, probability, decision-making and risk management

§        to support collaboration with, and integration of other disciplines to produce theoretically sound and innovative practical applications in the advancement of the actuarial science discipline.

§        to prepare students for SOA/CAS professional examinations.





 (download application form)

Application Criteria: Deadline Aug 1st, 2010 (Applications received by April 1st, 2010 will receive preference)

·         Enrolled or accepted as a full-time undergraduate at Morgan State University as an actuarial science or math major w/ concentration in actuarial science

·         Scholastic achievement in high school or undergraduate program of minimum 3.2 GPA for full tuition and 2.8 G.P.A for partial tuition*

·         A member of an underrepresented group (in the actuarial science field)

·         Demonstrated leadership ability (e.g. students who have held leadership positions at school, on the job, or in the community)

·         Attend professional development workshops

·         Willingness to participate in summer internships and related experiential activities**

·         Participate in volunteer activities in the community that raise awareness of financial literacy and increase mathematics proficiency.

*Full tuition scholarships are renewable award, provided for up to eight (8) consecutive semesters; partial tuition scholarships will be issued as a one-time incentive award, renewable only upon fulfillment of application criteria and subject to availability of funds.             

 **Based on hiring criterion




Students can apply for the Actuarial Science Program to cover the cost for their 1st attempt at all SOA/CAS exams. Students must have filled all requirements for the Exam Advancement Program and must be in good standing with the Actuarial Science program.

Application Criteria:

All students enrolled in any of the degree options available through the Actuarial Science Program are eligible for these scholarships.

Applications for scholarships are reviewed on the 1st of each month. To request/obtain an application, please see the Program Director (Key Hall Rm 165) or call (443) 885-4374. Scholarship awards are based on funds availability.




(Download Application Form)

Travelers EDGE: Empowering Dreams for Graduation and Employment is an innovative educational partnership developed by Travelers Companies, Inc.  Travelers recognizes that the leaders of tomorrow are in the classrooms of Morgan State University today.  Participation in this unique program will give selected students additional resources and support to enhance their degree and make them more competitive in the business world.

Students interested in the applying to the program should indicate this on their MSU Actuarial Science Program Scholarship form. Students currently receiving any MSU scholarships or financial aid can apply. Students must be enrolled/plan to be enrolled in any of the targeted majors of the MSU Actuarial Science Program.


Benefits to EDGE Scholars:

  • EDGE Scholarship (Full MSU tuition and fees)
  • Opportunity for PAID Internship at Travelers*
  • Training & Developmental Workshops
  • Job Shadow Opportunity at Travelers
  • Build professional network with Travelers professionals


Application Criteria: Deadline Aug 1st, 2010 (Applications received by April 1st, 2010 will recieve preference)

·         Enrolled or accepted as a full-time undergraduate at Morgan State University in any of the targeted major options*.

·         US Citizen or Permanent Resident

·         Maintain a minimum 3.0 GPA

·         Participate in mentor/mentee relationship

·         Attend EDGE program events

·         Attend professional development workshops

·         Willingness to travel out of state for summer internships and related experiential activities**

*Targeted majors: Actuarial Science (BSc) and Math with a concentration in actuarial Science (BSc)

Targeted majors wishing to pursue a minor in actuarial science: Accounting, Biology, Business Administration, Chemistry, Computer Science, Economics, Engineering (Civil/Electrical and Computer/Industrial), Finance, Information Systems, Mathematics/Statistics, and Management.

**Based on hiring criterion

Students participating in the INROADS program are not eligible for this program




(Download Application Form)/ visit website



The International Association of Black Actuaries Foundation (IABA Foundation) scholarship program advances its mission by providing scholarships at the undergraduate and graduate level to qualified black students who are interested in pursuing an actuarial career.

IABA's mission is to contribute to an increase in the number of black actuaries and to influence the successful career development, civic growth and achievement of black actuaries.

IABA Foundation does not discriminate against any person on the basis of gender, disability, religion, marital, employment or sexual orientation status in the decision-making process.

Application Criteria: Deadline May 31, 2010.

The scholarship program is available to students of African descent originating from the United States, Canada, the Caribbean and African nations.

Applicants must meet the following requirements:

  • 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;
  • 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;
  • Have taken the 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;
  • Have a GPA of at least 3.0 on a 4.0 scale.

Applicants will also be judged on the following criteria:

  • Calculus and Probability courses already completed;
  • Attempting (or already passed) an actuarial exam;
  • Completing (or already completed) Validation by Educational Experience (VEE) requirements;
  • Proficient communication skills;
  • Evidence of determination and self-motivation;
  • A demonstration of interest in and a familiarity with the actuarial profession.

Note: Any officers, board members, or IABA Foundation Scholarship Committee members, or immediate relatives or employees of officers, board members or IABA Foundation Scholarship Committee members are not eligible.




Morgan State University provides a significant level of merit-based awards to a limited number of students. The number of scholarships awarded is based on the amount of funds available. Each scholarship has a list of minimum qualifying requirements. Some scholarships are awarded on a competitive basis and limit the number of recipients based on the available funds.

 For further details and application forms, click here.




The Bernard Osher Scholarship Award is designed to assist non - traditional Morgan State University Student in completing their course requirement to pursue their bachelor's degree.  The required G.P.A. is 2.5.

Eligibility criteria include:

  • Currently enrolled as part-time or full time MSU student
  • Returning to the University after a gap of 5 or more years
  • Pursuing a bachelor's degree
  • Between the ages of 25-50

 For further detail and application forms, click here.