Announcement: SOA releases December 2022 Exam FM passing candidate numbers.

Fee Reimbursement Program: Academic Exam

APPLICATION DEADLINE: Application and documentation due within 90 days of grade release.

The Academic Exam Fee Reimbursement Program was established as a means to reduce the economic barrier for university and college faculty members and graduate Ph.D. students who may lack monetary support. The SOA will reimburse 80% of the exam and assessment fees for successful full–time faculty members of accredited universities and colleges and full–time graduate students in Ph.D. programs subject to the following:

Eligibility Requirements:

University and college faculty members:

  • Must be full–time faculty member at the time the exam is taken (or the assessment is downloaded) with a university or college accredited by a nationally recognized body (documentation required).
  • Must have passed Exams P and FM.
  • Must have a passing result on exam(s) or assessment(s) submitted for reimbursement.

Graduate Ph.D. students:

  • Must be enrolled full–time in a Ph.D. program at the time the exam is taken or the assessment is downloaded (documentation required).
  • Must have no other substantial employment outside the university.
  • Must have passed Exams P and FM.
  • Must have passing result on exam(s) or assessment(s) submitted for reimbursement.

The following exams and assessments will be eligible for 80% fee reimbursement under this program (successful attempts only). However, candidates eligible for student discounts are reimbursed based on the discounted fee amount regardless of what was actually paid.

  • Exam FAM
  • Exam FAM-L
  • Exam FAM-S
  • Exam ALTAM
  • Exam ASTAM
  • Exam SRM
  • Exam PA
  • Exam ATPA
  • FAP FA
  • Pre-Actuarial Foundations Micro-Credential
  • Actuarial Science Foundations Micro-Credential
  • Fellowship-Level Exams

For any exam or assessment that is passed on a retake, only the retake fee amount will be reimbursed

Eligible faculty members and Ph.D. students interested in receiving a fee reimbursement for the above exams/assessments should submit an Academic Exam Fee Reimbursement application and have their supervisor or administrative department submit the Third-Party Document Submission form on their behalf. Details regarding the required documentation can be found on the application.