MSc/Diploma in Actuarial Science

Department of Actuarial Mathematics and Statistics

Frequently Asked Questions

What sources of funding are available?

• Some insurance companies were willing in the past to sponsor students on the course. UK companies normally only sponsored UK students and expected them to work for them for at least two years after completing the diploma.
• The School (MACS) runs a scheme of scholarships for overseas students - 15% off fees - criteria are academic ability and need - strictly limited number available.
• Students from Northern Ireland can sometimes apply for partial grants from the Education and Library boards.
• Some students take out Career Development loans from a bank.
• Some foreign students have an employer or a university sponsoring them.
• The British Council can often give advice to foreign students about alternative sources of funding.
• UK students from Scotland, England or Wales do not qualify for grants or studentships from their local education authorities or from the government research councils.