Financial Aid for 1999-2000
for Actuarial Students
at UT-Austin

UT-Austin financial aid especially for students in the Actuarial Studies Program is primarily merit-based and is primarily for students already active in the program. There are no restrictions on receipt of funds from other sources; since UT-Austin's Office of Student Financial Services is informed of actuarial-program aid, such award may affect the award or continuation of other aid, however. Interested students should also contact the Office of Student Financial Services (512/475-6282) for information on financial aid that is not restricted to actuarial students.

Scholarships

To apply for any or all scholarships, submit transcripts and an application form to Professor Daniel by 15 October 1998 for Spring 1999 only and by 1 March 1999 for the 1999-2000 year.

AEGON-USA Actuarial Mathematics Scholarships

Award: $750 per semester for one year (two awards per year).

Eligibility: Juniors, Seniors, or first-year Graduate students as of fall; Texas resident (paying in-state tuition regardless of financial aid); Mathematics major concentrating in Actuarial Studies; 3.5 GPA in Math classes.

William W. Hand Memorial Actuarial Scholarship (American Society of Pension Actuaries)

Award: $1,250 per semester for two semesters (one award per year).

Eligibility: Concentrating in Actuarial Studies with any major.

George R. Jordan, Jr., Actuarial Scholarships

Award: Various dollar amounts and numbers, depending on availability of funds from various donors.

Eligibility: Full or part-time student concentrating in Actuarial Studies with any major.

Milliman & Robertson Standard of Excellence Actuarial Scholarship

Award: $1,500 per semester for two semesters (one award per year).

Eligibility: Junior, Senior, or Graduate student as of fall; concentrating in Actuarial Studies with any major; 3.25 GPA overall, 3.5 GPA in Mathematics classes; an SoA exam passed; plan to remain in Texas and become FSA; demonstrated communication skills, leadership and compatibility, creativity and ingenuity, integrity.

C. Mitchell Co. Actuarial Scholarship

Award: $500 per semester for two semesters (one award per year), or two half awards.

Eligibility: Full or part-time student concentrating in Actuarial Studies with any major; an SoA exam passed.

Rudd & Wisdom Actuarial Studies Scholarship

Award: $1,200 per semester for two semesters (one award per year).

Eligibility: Concentrating in Actuarial Studies with any major; prefer graduate of a Southwest high school.

Scruggs Consulting Actuarial Scholarship

Award: $1,000 per semester for two semesters (one award or two half-awards per year).

Eligibility: Junior, Senior, or Graduate student as of fall; concentrating in Actuarial Studies with any major; superior programming skills preferred; intense work ethic, high integrity, continuing strong academic performance; strong interest in a casualty actuarial consulting career.

D. W. Simpson & Co. Actuarial Scholarship

Award: $500 per semester for two semesters (one award per year).

Eligibility: Senior as of fall; concentrating in Actuarial Studies with any major; 3.0 GPA overall, 3.4 GPA in Actuarial Studies core classes; an SoA or CAS exam passed; U.S. Citizen or Permanent Resident.

USAA Actuarial Scholarship

Award: $500 per semester for two semesters (two awards per year).

Eligibility: Junior or Senior as of fall seeking an undergraduate degree; concentrating in Actuarial Studies with any major; 3.0 GPA overall and 3.3 GPA in major; demonstrated leadership and community or school involvement.

Watson Wyatt Actuarial Scholarship

Award: $750 per semester for two semesters (one award per year)

Eligibility: Sophomore or beyond as of fall concentrating in Actuarial Studies with any major; 3.0 GPA; an SoA exam passed; oriented toward a career in actuarial consulting.

Eugene Wisdom Memorial Scholarship in Actuarial Studies

Award: $1,000 per semester for two semesters (one award per year).

Eligibility: Full or part-time student concentrating in Actuarial Studies with any major.

Internship-Scholarships

Texas Department of Insurance Summer Internship (Fireman's Fund and USF&G program to assist the Texas Department of Insurance)

Award: 1999 summer scholarship of $4,400 for 40 hours per week for 10 summer weeks assisting actuaries at the Texas Department of Insurance in Austin. Usually three awards per summer.

Eligibility: Full-time or part-time student in the Actuarial Studies Program, in either degree-seeking or continuing-education activities. Selection criteria may include but are not limited to such matters as academic performance and potential, academic standing, progress through the Actuarial Studies program, passing of professional actuarial exams, enrollment status, interest in an actuarial career, and possible interest in future employment with the Texas Department of Insurance. Often awarded to students that have not yet passed an actuarial exam.

Application: Submit transcripts and an application form to Professor Daniel by 1 March 1999.

Texas Department of Insurance Long-semester Internship (Fireman's Fund and USF&G program to assist the Texas Department of Insurance)

Award: 1999 long-semester scholarship of $2,000 for 15 hours per week for 12 weeks in the spring or fall semester assisting actuaries at the Texas Department of Insurance in Austin. Usually three awards per semester.

Eligibility: Same as for the Texas Department of Insurance Summer Internship.

Application: Submit transcripts and an application form to Professor Daniel by 15 October 1998 for the spring semester of 1999 and by 1 March 1999 for the fall semester of 1999.

Forgivable Loans

Actuarial Studies Excellence-Award Loan Program (Fireman's Fund and USF&G program to assist the Texas Department of Insurance)

Award: Up to normal total cost of education and normal living expenses each semester. No interest charged on loans until termination in the actuarial program, then a 10-year repayment period at low interest. Loans can be forgiven in full or in part for full-time actuarial employment at the Texas Department of Insurance during the repayment period (remaining debt forgiven for, typically, 36 months' employment).

Eligibility: Same as for the Texas Department of Insurance Summer Internship.

Application: Continuing UT-Austin students should submit transcripts and an application form to Professor Daniel by 15 October 1998 for support for the spring semester of 1999 and by 1 March 1999 for support for the summer or fall semesters of 1999.

Interested?

Submit an application form (or direct your questions) to: Professor James W. Daniel, Director of Actuarial Studies, Mathematics Department, University of Texas, Austin, TX 78712; 512/471-7168; office in RLM 11.174 at the corner of Speedway and Dean Keeton Street (formerly 26th Street); electronic mail to jimdaniel@mail.utexas.edu on INTERNET.