The Society of Actuaries will pay $20,000 per academic year to some actuaries or would-be actuaries who are pursuing doctoral degrees and want to teach in North America.

The SOA, Schaumburg, Ill., says the program is designed to increase the number of academic actuaries who hold doctorates.

Applicants should hold fellowship-level actuarial designations or be in the process of pursuing associate-level or fellowship-level membership in an accrediting actuarial organization.

Recipients can use the stipends to participate in doctoral programs in fields related to actuarial science, such as demography, economics, insurance or mathematics, as well in actuarial doctoral programs.

Applications are due March 15.

More information about the stipend program is available here.