In order to recognize the added value professional actuarial qualifications offers to actuarial teaching and research, the SOA Educational Institution grant provides financial support for the promotion and development of educational and research programs in actuarial science.
Eligibility: Full-time academic member, Full-time faculty, Full-time faculty (CAE)
Institutional Eligibility: A college or university having a full-time member of the regular faculty, as defined in the Academic Eligibility Requirements
Required documentation:
SOA Educational Institution Application
Verification of Eligibility Letter:
Prior to disbursement of any grant funding, an original, signed document must be submitted (in addition to the application) verifying the person named above was a full-time member of the regular faculty when ASA or FSA designation was attained and continues in such a capacity with the institution.
In order to be considered valid, Verification of Eligibility letter must be:
- Written on university stationery/letterhead
- Signed by a school official
- Mailed, along with the SOA Educational Institution Grant application, to:
- Society of Actuaries
- ATTN: Antonia Coffelt
- 475 N. Martingale Road, Ste. 600
- Schaumburg, IL 60173
Administration: Membership status must be attained through the SOA Education system. An SOA designation granted on the basis of recognition of attainment of designation from another actuarial organization does not qualify. The SOA does not recognize visiting faculty, adjuncts or graduate students as members of the regular faculty.
Limits: Applications for institution grants must be received within three (3) years of the date the faculty member attains ASA or FSA designation, as indicated on the ASA or FSA diploma.
Guidelines For Use of SOA Educational Institution Grant
Examples of the type of usage for grant funds that the SOA supports include, but are not limited to:
- Financial support for students studying actuarial science and/or conducting actuarial research
- Purchase of books and journals to enhance the collection of actuarial literature available to actuarial science students and faculty at the institution
- Promotional materials for an academic actuarial science program
- Purchase of computer hardware and software that will directly benefit actuarial science students and faculty
- Payment of actuarial examination fees
- Financial support for actuarial science students and faculty to attend actuarial research conferences
- Financial support for students to attend SOA professional development seminars