The Actuarial Foundation — South Asian Network of Actuaries (SANA) Scholarship

Overview
The South Asian Network of Actuaries (SANA) Scholarship, administered by The Actuarial Foundation, is a targeted fellowship for individuals pursuing actuarial credentials. It addresses the financial and preparatory barriers to entering the profession by covering the registration fee for one preliminary actuarial exam through the Society of Actuaries or the Casualty Actuarial Society, and providing six months of full access to Coaching Actuaries. The program is open to students globally, with no application fee, and the next deadline is February 1, 2027. Unlike creative residencies or exhibitions, this scholarship operates within the actuarial pipeline, where quantitative rigor and professional commitment are paramount. The selection criteria emphasize not only academic performance—a minimum GPA of 3.0 on a 4.0 scale—but also demonstrated interest in the field, communication skills, and evidence of self-motivation. Standardized test scores (SAT math ≥600 or ACT math ≥28, or equivalent) are required, along with either having attempted or passed an actuarial exam. These benchmarks ensure that recipients are poised to advance. The award is pragmatic: it directly offsets the cost of an exam and provides structured study support. For candidates who might otherwise delay or forgo an exam due to expense, this scholarship can be a decisive intervention. The Foundation’s curatorial vision is to cultivate a diverse and capable cohort of actuaries, and SANA specifically encourages candidates from South Asian backgrounds, though eligibility is not limited to that community.