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OLA Exam Scholarship


2019 - OLA Exam Scholarship

If you were close (score of 4 or 5) to passing exams P (Probability) or exam FM (Financial Mathematics), the Organization of Latino Actuaries invites you to apply to the 2019 exam scholarship. It is common in the actuarial profession to have to retake exams, even after hundreds of hours of study! Failure does not indicate a person's inability to become an Actuary, especially with a grade of 4 or 5, exams are challenging!

Eligibility: Latino actuarial candidates who sat for exam P or FM after March 1, 2019 who received a grade of 4 or 5 and need financial support. OLA will cover the cost of the failed exam with the condition that the same exam is retaken after the application date and before the end of 2019. Applicants need to be U.S. based. This scholarship is not designed for individuals with full-time jobs in an actuarial position.

Funds: The number of scholarships awarded will depend on funds donated by our sponsors. Students will receive a check to cover the cost of the failed exam.

Selection Criteria: Applications will be reviewed seeking candidates who show commitment to pursuing the actuarial career and have a plan to improve their scores. Eligible applicants will be asked to answer some questions and submit their exam transcript showing the grade and the date the exam was taken. Preference will be given to applicants who need greater assistance and who will benefit the most.

Deadline: The application deadline is August 30th. Winners will be announced by September 8th.

If you don't have funds to register for the next sitting, you can register to the subsequent sitting once you have the check.

If you have any questions about this application, please contact us at

Students are invited to apply through OLA's website.