Top Insurance Scholarships in the USA for 2025
For students aspiring to build a career in the dynamic insurance industry, securing financial aid is a crucial step. Fortunately, numerous scholarships are available in the USA specifically for those pursuing degrees in insurance, risk management, actuarial science, and related fields. As you plan for the 2025 academic year, explore these prominent opportunities designed to support your educational journey.
Here are some of the best insurance scholarships in the USA for 2025:
For California Community College Students:
Keenan Insurance Scholarships
Awarding Organization: Foundation for California Community Colleges
- Focus: Aims to increase diversity within the insurance, risk management, and financial services industry. Provides financial assistance to underrepresented students at California Community Colleges.
- Eligibility: Must be enrolled in a California Community College, demonstrate financial need (eligible for California College Promise Grant or other circumstances), and be enrolled in at least three units per semester/quarter in insurance, risk management, financial services, or related courses. Preference is given to underrepresented students.
- Award Amount: Maximum of $600 per semester or quarter, not exceeding $1,200 per academic year.
- 2025 Application Period: February 1, 2025 – October 31, 2025. Funds are awarded on a first-come, first-served basis, so early application is encouraged.
- How to Apply: Submit your application to your Community College Financial Aid or Scholarship Office. Do not submit directly to FoundationCCC.
- More Information: Visit the Foundation for California Community Colleges website.
For University Students Specializing in Insurance and Risk Management:
University of Cincinnati Insurance and Risk Management Scholarships
- Awarding Organization: Carl H. Lindner College of Business and Carl H. Lindner III Center for Insurance and Risk Management at the University of Cincinnati.
Focus: Supports achievement-oriented students with demonstrated superior academic and leadership abilities who are majoring in Insurance and Risk Management.
- Eligibility: Must be matriculated to the University of Cincinnati, have declared a major in Insurance and Risk Management (IRM), and maintain a minimum GPA of 3.0.
- Award Amount: Varies.
- 2025-2026 Application Period: Applications open on April 1, 2025, and close on June 30, 2025.
- How to Apply: Apply through ScholarshipUniverse by searching for “Insurance and Risk Management Scholarships.” One application covers all UC IRM-specific scholarships.
- More Information: Visit the University of Cincinnati’s Insurance and Risk Management website.
For Students Interested in Risk Management (Often with a Banking Focus):
Risk Management Association (RMA) Foundation Scholarship
- Awarding Organization: The Risk Management Association Foundation.
- Focus: Supports undergraduate students interested in pursuing a career in the financial services industry, with a focus on risk management. Aims to attract and develop future leaders and promote diversity and inclusion in the field.
- Eligibility: Typically requires U.S. or Canadian citizenship or permanent residency, full-time enrollment in an accredited four-year college or university in the U.S. or Canada, and an interest in working in the banking industry after graduation. A minimum GPA is often required. Winners may be eligible to reapply.
- Award Amount: Ranges from $1,000 to $5,000 (based on past awards).
- 2025 Application: While specific 2025 deadlines may vary or not be explicitly advertised yet, the program is ongoing. Students should check the official RMA website or contact the scholarship committee for the most up-to-date information regarding the 2025 application cycle.
- More Information: Visit the Risk Management Association website.
For Aspiring Actuaries:
The Actuarial Foundation Scholarships
- Awarding Organization: The Actuarial Foundation.
- Focus: Offers several scholarships to support students pursuing careers in the actuarial profession. Many are aimed at increasing diversity within the field.
- Featured 2025 Scholarships (with known deadlines/windows):
- Stuart A. Robertson Memorial Scholarship: Honors academic achievement and commitment to the actuarial profession. Application deadline: April 15, 2025. Award Amount: $10,000.
- Actuarial Diversity Scholarship: Promotes diversity for Black/African American, Latinx, Native North American, and Pacific Islander students. Applications open: November 2024. Application deadline: March 31, 2025. Award Amount: $1,000 – $4,000.
- Organization of Latino Actuaries (OLA) Scholarships: Supports Latine students interested in the actuarial profession. Applications open: January 1, 2025. Application deadline: March 31, 2025.
- South Asian Network of Actuaries (SANA) Scholarships: Supports students of South Asian descent. Applications open: December 1, 2024 & June 1, 2025. Application deadlines: January 15, 2025 & July 15, 2025.
- STEM Stars Actuarial Scholars Program: Aims to increase representation from underrepresented backgrounds. Provides a four-year scholarship, mentoring, and other support. Application window reopens in Fall 2025. Award Amount: $20,000 ($5,000 annually for 4 years).
Eligibility: Varies by scholarship but generally requires strong academic performance, intent to pursue an actuarial career, and sometimes specific demographic criteria.
How to Apply: Application processes are typically managed through The Actuarial Foundation’s online application system.
- More Information: Visit The Actuarial Foundation website.
For Students Pursuing Financial Planning (Related to Insurance):
CFP Board Center for Financial Planning Scholarships
- Awarding Organization: CFP Board Center for Financial Planning.
- Focus: While primarily focused on financial planning and attaining CFP® certification, some scholarships may be relevant to students interested in the intersection of financial planning and insurance. The center aims to create a more diverse and sustainable financial planning profession.
- Featured 2025 Scholarship Example:
- FARE and CFP Board CFP® Certification Inclusion Scholarship: Provides financial support to individuals from communities with historically limited access to financial planning careers. Can cover costs of CFP Board Registered Programs.
- Eligibility: Varies by scholarship but often includes academic merit, financial need, and a commitment to the financial planning profession. U.S. citizens or permanent residents are typically required for CFP Board administered scholarships.
- 2025 Application Deadline (FARE and CFP Board Scholarship): April 8, 2025.
- Award Amount: Varies by scholarship (e.g., up to $7,000 for the FARE and CFP Board Scholarship).
- How to Apply: Apply through the CFP Board website or the specific scholarship’s application portal.
- More Information: Visit the CFP Board website’s scholarships section.
General Tips for Scholarship Applicants:
- Check Eligibility Carefully: Each scholarship has specific requirements based on major, academic standing, financial need, background, and more.
- Mind Deadlines: Pay close attention to application opening and closing dates for 2025. Some scholarships have early deadlines.
- Prepare Strong Applications: This often includes transcripts, essays, letters of recommendation, and proof of interest in the insurance or related fields.
- Explore University Resources: Many universities with insurance, risk management, or actuarial science programs offer their own departmental or institutional scholarships.
- Look Locally and Regionally: Investigate scholarships offered by local insurance organizations, professional chapters, or community foundations in your area.
Investing in an education in insurance or a related field can lead to a rewarding career. By actively seeking out and applying for these scholarships, you can significantly reduce the financial burden of your studies and focus on achieving your academic and professional goals in 2025 and beyond.