Morgan State gets funding for new scholarship for

Morgan State University reported the Morgan State University Foundation (MSUF) awarded a record $5.8 million in scholarships to 2,560 students during fiscal year 2024. This historic year of philanthropic achievement represents the foundation’s largest number of scholarship recipients and funding awarded in an academic year. (Morgan State University photo)

Morgan's Office of Human Resources will recruit candidates for more than 100 open staff and faculty positions, encompassing full-time, part-time, faculty, adjunct faculty and law enforcement positions at its university-wide job fair Friday. (Morgan State University photo)

Daily Record Staff//February 29, 2024//

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In a move to cultivate future talent in the actuarial field, the Aegon Transamerica Foundation Thursday announced it will fund a new scholarship program at Morgan State University, the only historically Black college or university that offers a bachelor’s degree in actuarial science.

The new scholarships will be awarded based on students’ performance on professional actuarial exams, providing a unique incentive for aspiring actuaries and bolstering diversity within the profession.

The foundation’s $25,000 grant to Morgan State aims to provide significant motivation for actuarial students, awarding a $3,000 scholarship to eight individuals upon successful completion of an actuarial exam. By design, the scholarship is intended to encourage students to excel in their actuarial exams and encourage social inclusion in the insurance industry.

Tyler Shaia, a sophomore at Morgan State who had the opportunity to intern at Transamerica last summer, will be the first to benefit from this scholarship. Shaia’s successful completion of the financial mathematics exam during the February 2024 exam window exemplifies the determination and hard work the scholarship aims to reward.

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