Milliman Scholarship Application 2025
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.
