Scholarship Value: $10,000
Awards Available: 5
Award Deadline:
Jan 31, 2026
Spencer awards Undergraduate, Graduate, Ph.D., and Pre-Instructor of Practice scholarships to students enrolled at an accredited college or university in the United States and Canada and physically studying in either location (no remote coursework eligibility from other locations), including part-time Graduate scholarships to Risk Management & Insurance professionals continuing their education.
Since 1980, Spencer has invested over $10.2 million in the Scholarship program, with awards to over 1,600 students. More than 85% of Spencer Scholarship recipients remain in the industry to this day.
Undergraduate Scholarships
Timeline:
- 2026 Application Opens: October 1, 2025
- 2026 Application Deadline: January 31, 2026
- Scholarship awardees are typically notified at the end of April (for the following Fall/Spring semester(s)).
Description:
Undergraduate scholarships are awarded in the amount of $7,500, with limited $5,000 scholarships awarded to the highest-ranked freshman and sophomore applicants, and $10,000 scholarships awarded to the highest-ranked applicants.
Spencer awards scholarships to undergraduate students who meet the following criteria:
- Must seek a career in Risk Management, Insurance, and/or Actuarial Science.
- Must be enrolled at an accredited college/university in the United States or Canada for at least one full academic year (two semesters).
- Must be physically studying in the United States or Canada (no remote coursework eligibility from locations other than USA & Canada).
- Preferred (but not required): Majoring/minoring in Risk Management/Insurance or a related field of study (e.g., actuarial science, business, finance, information technology, etc.)
- Preferred (but not required): Relevant work/internship experience and leadership skills.
How to Apply:
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Scholarship Value: $10,000
Awards Available: 5
Award Deadline: Jan 31, 2026