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Education

Exam and Module Fees

Fees listed below are subject to change. The examination fees for the Preliminary Education examinations include electronic access to the required study notes. Study Notes for the FSA level examinations must be purchased from the SOA.

Exam and Module Fees

  Exam or Module Fee*  
Exam P $ 225.00
Exam P (for limited paper and pencil centers) $ 190.00
Exam FM $ 225.00
Exam FM (for limited paper and pencil centers) $ 190.00
Exam MLC $ 375.00
Exam MLC Student Fee $ 300.00
Exam MFE $ 325.00
Exam MFE Student Fee $ 260.00
Exam C $ 375.00
Exam C Student Fee $ 300.00
VEE (Candidate Credit) per topic $ 50.00
Fundamentals of Actuarial Practice (FAP) Standard Fee (Modules 1–8 and two assessments) $ 2,100.00
FSA Component:
Enterprise Risk Management (ERM) Exam
$ 750.00
Foundations in Corporate Finance and ERM (CFE) Exam $ 1,025.00
Strategic Decision Making (CFE) Exam, Complete $ 1,025.00
Strategic Decision Making (CFE) Exam, Part B - AM $ 675.00
General Insurance Introduction to General Insurance Exam $ 225.00
General Insurance Introduction to General Insurance Exam (for limited paper and pencil centers) $ 190.00
General Insurance Introduction to Financial and Regulatory Environment Exam $ 1,025.00
General Insurance Introduction to Advanced Topics in General Insurance Exam $ 350.00
General Insurance Introduction to Ratemaking and Reserving Exam $ 1,025.00
Group and Health Core Exam (U.S. and Canada) $ 1,025.00
Group and Health Advanced Exam $ 1,025.00
Group and Health Specialty Exam $ 350.00
Individual Life and Annuities Life Pricing Exam $ 1,025.00
Individual Life and Annuities Life Finance and Valuation Exam, U.S. $ 1,025.00
Individual Life and Annuities Life Finance and Valuation Exam, Canada $ 1,025.00
Individual Life and Annuities Life Risk Management Exam $ 350.00
Quantitative Finance and Investment Advanced Exam $ 1,025.00
Quantitative Finance and Investment Core Exam $ 1,025.00
Quantitative Finance and Investment, Investment Risk Management Exam $ 350.00
Retirement Benefits Funding and Regulation Exam, Canada $ 1,025.00
Retirement Benefits Design and Accounting Exam, U.S. $ 1,025.00
Retirement Benefits Design and Accounting Exam, Canada $ 1,025.00
Retirement Benefits Retirement Plan Investment and Risk Management Exam $ 350.00
FSA Module $ 200.00
EA-1, – Enrolled Actuaries Pension Examination $ 230.00
EA-2,– Enrolled Actuaries Pension Examination, Segment F $ 230.00
EA-2,– Enrolled Actuaries Pension Examination, Segment L $ 230.00

* All amounts in U.S. dollars


Student fees are available only to candidates currently enrolled in full-time university study programs.

Reduced examination fees are available to qualified candidates in eligible countries. You may also contact Kimberly Tice, Basic Education Administrator at ktice@soa.org.

Fees should be remitted in U.S. funds (or equivalent) by check, money order, American Express, MasterCard or Visa. Please note that payment in non-U.S. currency may slightly delay the processing of the application. All outstanding exam fees and administrative fees must be paid in full prior to enrollment in future exams.