Milliman Scholarship Application 2025

09:34 Monrovia 0 Comments


Milliman is extending an invitation to students to apply for their Scholarship program for the 2025 academic year. This opportunity aims to support South African students pursuing studies in fields such as actuarial science, statistics, mathematics, economics, finance, computer science or related disciplines. The scholarship offers financial aid to eligible candidates from under-represented groups, empowering them to achieve their academic and professional aspirations.

Here's a detailed overview of what prospective applicants can expect:

The Milliman Scholarship aims to provide financial assistance to deserving South African students from under-represented groups who are pursuing studies in critical areas such as actuarial science, statistics, mathematics, or related disciplines. The scholarship is designed to bridge the gap between educational expenses and available resources, empowering students to focus on their academic and professional goals.

To be eligible for the Milliman Scholarship, applicants must meet the following criteria:

·         Identify as Black or Coloured.

·         Demonstrate academic excellence.

·         Be enrolled in or accepted to a full-time undergraduate program at an accredited university in South Africa.

·         Plan to major in a field relevant to actuarial science, statistics, mathematics, or a similar discipline.

Scholarship Benefits

Successful applicants of the Milliman Scholarship will receive financial support valued at a minimum of USD 5,000 (over R90,000) *. Recipients may potentially receive awards for multiple years, providing sustained assistance throughout their undergraduate studies.

Selection Process

The selection process for the Milliman Scholarship is conducted by Scholarship America, an independent organization. Applications are evaluated based on academic records and responses to essay questions. While specific essay topics are not yet available, applicants can anticipate questions related to their academic goals, career aspirations, and how the scholarship will contribute to their success.

Preparing for the Application

·         In preparation for the application process, prospective applicants can take several proactive steps:

·         Maintain strong academic performance to meet the scholarship's academic excellence criterion.

·         Begin brainstorming essay responses, focusing on personal academic journeys, career aspirations, and the alignment of the Milliman Scholarship with their goals.

·         Gather required documents, including academic transcripts, proof of enrollment or acceptance letters, and any additional materials requested during the application process.

Closing Date

The deadline for submitting applications is April 30, 2024. Applicants are encouraged to submit their materials before the specified deadline to ensure consideration for the scholarship.

How to Apply

To apply for the Milliman Scholarship, candidates must complete the online application form available at the Scholarship America Hub portal. (Click here to apply). It's essential to carefully follow the application instructions and provide all required documents and information to ensure a complete submission.

For any inquiries regarding the scholarship program or assistance with the application process, applicants can directly contact Scholarship America, the administrators for this scholarship:


Bursary provider website: Milliman Opportunity

Prospective applicants are encouraged to reach out to Scholarship America for clarification on eligibility criteria, application requirements, or any other questions related to the scholarship.

Additional details

·         Candidate must demonstrate high academic achievement.

·         Be either a high school senior or a current postsecondary undergraduate. For students outside the United States, they should be in their final year of upper or higher secondary school or currently enrolled in technical or university-level studies.

·         Intend to pursue full-time undergraduate studies at an accredited or recognized college or university. For the United States, Canada, Ireland, or the United Kingdom, this enrollment period spans the entire 2024-2025 academic year. In South Africa or Australia, the enrollment period covers the entire 2025 academic year.

·         Come from a recognized ethnic minority community as defined by Milliman:

·         For the United States and Canada, eligible candidates should have at least one birth parent who belongs to any of the following groups: African descent, Latino/Hispanic, Native North American, or Pacific Islander.

·         For the United Kingdom and Ireland, eligible candidates must have at least one birth parent who is a member of any of the following groups: Black African, Black Caribbean, Irish Traveller, or Gypsy.

·         In South Africa, eligible candidates must have at least one birth parent who is part of one of the following groups: Black or Coloured.

·         For Australia, eligible candidates should have at least one birth parent who is part of one of the following groups: Aboriginal or Torres Strait Islander.

·         Reside in and attend a university in the United States, Canada, Ireland, the United Kingdom, South Africa, or Australia.

Things to Note

·         Ensure to submit your application before the specified deadline. Late submissions may not be considered, so it's crucial to adhere to the deadline.

·         Carefully review the eligibility criteria outlined for the scholarship to confirm that you meet all requirements before applying. Failure to meet any criteria may result in disqualification.

·         Provide accurate and truthful information in your application. Any false or misleading information could lead to disqualification from the scholarship program.

·         Ensure that your application is complete and includes all required documents and information. Incomplete applications may not be considered for review.

·         Follow all instructions provided in the application guidelines. Failure to follow instructions may reflect poorly on your application and could lead to disqualification.

·         All candidates will receive notification by the end of June.

Documentation Required

·         Provide a current and comprehensive transcript of your grades. It must include your name, the name of your school, grades, and credit hours for each course and term. Grade reports will not be accepted.

·         Test Scores (United States Only)- If your SAT or ACT scores are not included on your high school transcript, you must upload a separate copy of your test score report(s). Once again, this step is necessary only for students from the United States. If you are submitting a college transcript, SAT or ACT scores are not required.

·         Include any available professional test scores, such as those from the SOA, CAS, ASSA, and IFoA. This step is optional but recommended if applicable.

Finalists and recipients for the scholarship program will be chosen based on the applicant's academic performance and their answers to three essay prompts by Scholarship America. Milliman Inc., the sponsor, will then select recipients from the pool of finalists. The sponsor may also take into account demonstrated leadership, community involvement, work experience, and financial need as indicated in the application. The diversity of recipients will broadly mirror the diversity of the applicant pool if there are qualified candidates. While awards are not renewable, students who meet the eligibility criteria can reapply each year. The scholarships are specifically designated for undergraduate studies, and preference may be given to previous recipients.

Scholarship Disbursement

Scholarship payments are managed by Scholarship America on behalf of Milliman. Payments are disbursed to the respective schools in August. Students residing outside the United States and Canada will receive funds through wire transfer. 

Both recipients and their educational institutions must meet eligibility requirements to receive funds from the United States, as outlined by the Office of Foreign Assets Control, United States Department of the Treasury.


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