Modeling the Future Challenge

Amount:
$60,000
Deadline:
November 18, 2024
Awards Available: Varies

Scholarship Description

The Modeling the Future Challenge, a program of the Actuarial Foundation, is a real-world competition for high school students combining math-modeling, data-analysis, and risk-management into one exciting competition. To compete, students conduct their own research project modeling real-world data to analyze risks and make recommendations to companies, industry groups, governments, or organizations. This challenge tasks students to use critical thinking, mathematical reasoning, and analytical skills to help guide future decisions based on their own risk analysis.

Scholarship Details

  • Team Collaboration: Teams of one to five high school students work together on actuarial research projects, making recommendations based on mathematical models, real-world data analysis, and risk management.
  • Scholarship Awards: The top research teams have the opportunity to win a share of the $60,000 scholarship award presented at the national MTFC Symposium.

Eligibility Criteria

  • Grade Levels: This competition is open to high school students in their junior or senior year, whether they are part of formal, informal, or homeschool groups.
  • Research Project: Participants are tasked with conducting an actuarial research project and providing recommendations to relevant entities based on their mathematical models and data analysis.
  • Actuarial Mentors: Teams that pass Phase One receive guidance from actuarial mentors to refine their project proposals.

Application Process

  1. Team Formation: Assemble a team of one to five high school students who are passionate about math modeling and data analysis.
  2. Research Project: Conduct an actuarial research project and develop recommendations for companies, organizations, or government agencies.
  3. Mentorship: Teams that advance beyond Phase One receive mentorship from experienced actuaries to further enhance their project proposals.
  4. National Symposium: The top research teams are invited to the national MTFC Symposium to present their work and compete for scholarship awards.

Students in their junior or senior year of high school from anywhere in the United States and its territories may apply. Students can be from formal, informal, or homeschool groups. Teams of one to five high school students conduct an actuarial research project in which they make recommendations to companies, organizations, government agencies, or other groups based on their own mathematical models, real-world data analysis, and risk management. Teams passing Phase One are connected with actuarial mentors to help refine their project proposals. The top research teams from Phase Two are then brought to the national MTFC Symposium to present their work for a shot at being one of four teams who share a scholarship award of $60,000.

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