Shorecrest student awarded scholarship from The Actuarial Foundation "Math Minds" competition

Amy Glaskova, Shorecrest
Scholarship winner

Amy Glaskova, a senior at Shorecrest High School, has been awarded a $2,000 scholarship in the Project Math Minds Competition sponsored by The Actuarial Foundation through Mu Alpha Theta (MAT). Project Math Minds is an actuarial-related project designed for high school students to work on during the school year. Students compete for college scholarship money provided by The Actuarial Foundation. Winners present their projects to other members of the Honor Society at the Mu Alpha Theta National Convention, held this year in Schaumburg, Illinois on July 16, 2012.

The purpose of the Project Math Minds assignment is to introduce the student to the math used by the actuarial profession to manage risk. This year’s assignment challenged participants to complete an estimate of the total cost of attending college and the financial return after leaving college. Participants were asked to choose three different schools, three different financing assumptions and a desired profession in mapping out their estimate. Actuaries develop and evaluate these projects. 

While there was no single correct or incorrect answer, projects were rated on the participant’s ability to demonstrate thoughtfulness and understanding of concepts related to finance and the time value of money. What makes the students think like an Actuary in this project are the assumptions and the financial implications of these assumptions. 

About The Actuarial Foundation

The Actuarial Foundation is a 501(c)(3) organization established in 1994 to help facilitate and broaden the actuarial profession’s contribution to society. The mission of the Foundation is to develop, fund, and execute education, scholarship, and research programs that serve the public and the profession by harnessing the talents and resources of actuaries. The Foundation’s vision is an educated public in pursuit of a secure financial future.