School of Actuarial Science & Risk Management (SoASRM) Scholarships

The School of Actuarial Science offers scholarship opportunities ranging from $1,000-$4,000 to incoming first-year students who have declared a major in actuarial science, possess evidence of exceptional academic performance and demonstrate financial need. The priority deadline to apply is January 22, 2026.

• $4,000 Roger K. Brooks Actuarial Science Scholarship: The scholarship is renewable for the sophomore year provided the student has at least a 3.0 GPA and continues to major in actuarial science or in one of the joint programs that include actuarial science. Roger Brooks is a distinguished alumnus from Drake’s actuarial program. In honor of his 60^th birthday in 1997, friends of Roger Brooks, F.S.A., M.A.A.A., retired Chairman of AmerUs Life in Des Moines, donated funds to endow this scholarship.
• $1,000 Dr. Newt Bowers Endowed Scholarship: The scholarship is renewable for up to four years as long as the student meets the criteria set forth by the Office of Student Financial Planning for receiving financial aid, is in good academic standing with the University, maintains a declared major in actuarial science, and as long as funds are available. This scholarship was created in honor of Newt Bowers, Emeritus Professor of Actuarial Science at Drake University. Newt taught at Drake from 1969-1996 and was an author, mentor, and beloved teacher.

Application Instructions 

The priority deadline to apply for the School of Actuarial Science & Risk Management Scholarships is January 22, 2026 To apply for these and other Zimpleman College of Business scholarships, you must:

• Complete an application for admission to Drake; scholarship candidates must be admitted to Drake University as an actuarial science major to be considered for this award.
• Complete the unified Zimpleman College of Business Scholarship Application, which includes a personal essay. (Indicate your interest in Actuarial Science on this application to be considered for actuarial science scholarship opportunities.)
• Submit the FAFSA or International Student Financial Information Form (ISFIF).

NOTE: The button below links to the Unified Zimpleman College of Business Scholarship Application. You only have to fill this out once to be entered into consideration for Actuarial Science & Risk Management Scholarships as well as the other 33 donor-funded business scholarships. Please log in using your Office of Admission application credentials.

Zimpleman College of Business Scholarship Application

Notification of scholarship awards will occur by March 20, 2026 for those who submit their application by the priority deadline. The scholarship application will stay open until May 1, 2026 or until all funds have been awarded.

Other Opportunities

While the application above will enter you into consideration for all 35 donor-funded business scholarships, you can also apply for the Business Dean Team. This opportunity has a separate application and criteria.

Undergraduate scholarships are available only to students enrolled at the undergraduate level, for up to 4 years total or until a Bachelor's degree is earned (whichever comes first). Students entering one of Drake's joint undergraduate/graduate degree paths should refer to Program-Specific Policies to understand which years are designated as undergraduate-level for billing and financial aid purposes. Scholarships will renew automatically if all renewal requirements are satisfied.