Milliman Scholarship Application for 2026/2027
Detailed guide on Milliman Scholarship Application for 2026/2027. Are you a high-achieving student from a historically underrepresented background who dreams of pursuing a career in actuarial science, mathematics, statistics, or a related field? The Milliman Scholarship Programme 2026/2027 offers a prestigious and fully funded opportunity for academically talented students who are committed to advancing diversity in the actuarial and financial services industries. Sponsored by Milliman, Inc.—a global leader in risk management and actuarial consulting—this scholarship aims to support the next generation of problem solvers and industry leaders.
The Milliman scholarship is awarded to undergraduate students enrolled or planning to enroll in degree programmes such as Actuarial Science, Data Analytics, Mathematics, Statistics, or Financial Engineering. The scholarship typically covers tuition fees, study materials, and may include mentorship, internship opportunities, and professional development resources to prepare students for successful actuarial careers.
This article provides a comprehensive guide to the Milliman Scholarship Application for 2026/2027, including eligibility criteria, supported fields of study, how to apply, required documents, and important deadlines. Whether you’re a high school graduate preparing for university or a current student in a quantitative field, this scholarship can open doors to global opportunities in data and finance.
In addition, satrends.co.za offers a wide range of other bursary categories to suit your preference. Click on the links below to access other kinds of bursaries.
Universities in South Africa Bursaries Available for 2026
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Field of Studies Specified Bursaries Available for 2026
Keep reading for answers to questions like “Milliman scholarship requirements 2026,” “how to apply for the Milliman actuarial scholarship,” and “scholarships for underrepresented students in actuarial science and statistics.”
About Milliman
Milliman is a global actuarial and consulting firm headquartered in Washington, USA. Established in 1947, the company provides independent expertise in risk management, employee benefits, and technology. With offices in major cities around the world, Milliman is a trusted name in financial consulting.
To support students from historically underrepresented ethnic backgrounds, Milliman launched the Milliman Opportunity Scholarship. This initiative helps students pursue careers in fields like actuarial science, computer science, economics, and more. The program is managed by Scholarship America®, the largest scholarship administrator in the U.S., which also handles tuition assistance and educational support for organizations across the country.
About the Milliman Scholarship – 2026/2027
Fields Covered
Milliman is inviting applications for its 2026 Scholarship Programme, open to students from South Africa, the United States, Canada, the United Kingdom, Ireland, and Australia.
The scholarship supports undergraduate studies in the following fields:
- Actuarial Science
- Computer Science
- Data Analytics
- Data Science
- Economics
- Finance
- Mathematics
- Programming
- Statistics
For students in South Africa or Australia, the scholarship covers studies during the 2026 academic year, while for those in the U.S., Canada, the U.K., and Ireland, it supports the 2024–2026 academic year.
This program specifically aims to empower students from ethnic groups that have been historically underrepresented in these industries.
Scholarship Value & Selection Process
- Number of Awards: Between 10 and 25 scholarships will be awarded.
- Value: Each scholarship is worth at least USD $5,000 (approx. ZAR 90,000).
- Renewability: Students may reapply for funding each academic year.
Selection Process:
- Applications are reviewed by Scholarship America’s evaluation team.
- Finalists are chosen based on academic achievement and responses to three essay questions.
- Milliman will make the final selection, considering factors such as leadership, community involvement, work experience, and financial need.
- Priority may be given to previous recipients.
- Final results will be shared by late June.
- Payments will be issued in August to institutions in the U.S. and Canada, or via wire transfer to students in other countries.
Note: Applicants and institutions must be eligible to receive U.S. funding under the Office of Foreign Assets Control (OFAC) guidelines.
Eligibility Requirements for Milliman Scholarship Application 2026/2027
To apply, you must:
- Belong to one of these ethnic groups:
- South Africa: Must have at least one birth parent who is Black or Coloured
- United States & Canada: Must have at least one birth parent who is African American, Latino/Hispanic, Native American, or Pacific Islander
- United Kingdom & Ireland: Must have at least one birth parent who is Black African, Black Caribbean, Irish Traveller, or Gypsy
- Australia: Must have at least one birth parent who is Aboriginal or Torres Strait Islander
- Reside in and attend university in South Africa, Australia, the U.S., Canada, Ireland, or the U.K.
- Be in your final year of high school (e.g., Matric or high school senior) OR already enrolled in undergraduate studies
- Have a strong academic record
- Plan to enroll full-time in an undergraduate degree program in one of the eligible fields at an accredited institution
How to Apply Milliman Scholarship 2026/2027
- Visit: Milliman Scholarship Application 2026
- Create an account and log in to access the online application portal.
Submit the following documents:
- Academic transcripts showing your full name, school name, grades, and course details
- U.S. and Canadian students: Submit SAT/ACT scores (if not included in your transcript)
- Any professional test scores (optional), e.g., SOA, CAS, ASSA, or IFoA results
All supporting documents are mandatory. Incomplete applications may be disqualified.
Application Deadline for Milliman Scholarship 2026/2027
30 April at 15:00 Central Time
(Applications submitted after this date will not be considered.)
Contact Details of Milliman Scholarships Provider
If you have questions or need help with your application, contact Scholarship America:
Email: milliman-opportunity@scholarshipamerica.org
Visit: Scholarship America
