Office of Student Financing

 

 

Number of Awards: 
Three (3) scholarships awarded annually
Value: 
US$3,000 to a final year student, US $2,000 to a second-year student, and US $1,000 additional to a student from either year.
Maximum Tenure: 
One (1) Year (Second year students are eligible to reapply for final year)
Eligibility: 

The Award is available to register students:

  1. Any undergraduate enrolled in the actuarial science programme at The UWI Mona or The UWI St. Augustine.
  2. From any nationality
  3. UWI Actuarial Science programme
  4. Undergraduate 
Criteria: 

The Award is based on:

  1. Academic Performance - minimum of GPA 3.0 for continuing students
  2. Merit-based not needs-based
  3. Involvement in co-curricular/community/employment/leadership roles and activities considered
  4. Commitment to the profession is also considered
Method of Selection: 

Instead of interviews, completed applications are evaluated by a committee of experienced fully qualified actuaries.

  1. Applicants are short-listed on the basis of performance in   Advanced Level GCE/CAPE Examination or University Examination results as at May 31st of the academic year;
  2. Instead of interviews we evaluate completed applications by a committee of experienced fully qualified actuaries.
Special Requirements: 

Applicants are required to:

  1. Completion of standard UWI application form
  2. A Personal Essay stating why the candidate should be considered
  3. Two letters of recommendation one academic and the other a personal reference.
  4. A transcript issued from The UWI
  5. A list of professional exams enrolled or taken, if any, and grades
Please Note: 

The scholarship covers tuition with any remaining funds paid towards housing, food, transportation, and other expenses relating to education. Awards are merit-based not needs-based.

The duration of each award is one year.

A second year student who has received an award may apply again for their final year.

There is also a US$500.00 bonus award available for each Casualty Actuarial Society (CAS), Institute and Faculty of Actuaries (IFoA) or Society of Actuaries (SOA) exam passed while enrolled in the Actuarial Science Programme at the University of the West Indies or within 9 months of graduating from that programme.

Please notify smichaelmclaughlin@gmail.com about examination passes with evidence to organize payment.

This scholarship was formerly called the Caribbean Actuarial Scholarship in honor of Basil L. and Monica G. Virtue, established by their son-in-law S. Michael McLaughlin. It has been ineffect for more than 15 years with over 40 scholarships awarded to students from countires around the Caribbean region. In 2025 the name has changed and administration is moving to UWI OSF.

Office of Student Financing

The University of the West Indies Mona, Jamaica

Tel: 702-4646 | Fax: 702-4647

Email: stufinc@uwimona.edu.jm

Opening Hours:

8:30 am to 4:30pm Mondays to Fridays

Additional contact numbers 876-441-4120 and 876-441-3584