BS Actuarial Science at Temple U: Fees 2026 Dates & Requirements

Temple University Bachelor of Science in Actuarial Science is a 4-year undergraduate degree offered in Philadelphia, USA. The 124-credit program combines core actuarial coursework with mathematics, statistics, and business fundamentals. International students may enroll full-time on an F-1 visa. Total tuition costs range from USD 132,800 to USD 171,408 (INR 12.72 Crores to INR 16.41 Crores) across four years. Intake: Fall (September) and Spring (January). This degree trains graduates for actuarial exams and positions in insurance, pensions, and risk management.

Temple’s Actuarial Science program stands apart through its VEE (Validation by Educational Experience) approval from the Society of Actuaries and Casualty Actuarial Society. This means coursework directly satisfies exam prerequisites, accelerating the path to FSA or ASA certification. The degree suits applicants seeking a structured route into actuarial careers with strong quantitative foundation, corporate job placement support, and proven pathways into U.S. insurance firms.

• VEE-approved coursework satisfies Exam P and FM prerequisites directly.
• Strong placement record in Philadelphia’s growing actuarial and insurance sector.
• Affordable tuition compared to peer universities on the East Coast.

Also Check: Temple University Actuarial Science Admission

Temple University Bachelor Actuarial Science Fees and Living Costs 2027

International tuition at Temple for the Actuarial Science program ranges from USD 33,200 to USD 42,852 per academic year. The variance reflects differential pricing for off-campus housing periods and summer enrollment. Below is the annual fee breakdown.

All INR conversions in the article use a conversion rate of USD 1 = INR 95.77 as of June 2026. Rates fluctuate daily, verify before applying.

• Tuition varies by enrollment intensity and housing decisions, so confirm the exact rate for your cohort.
• Health insurance is mandatory for all international students and renews annually.
• Books, software licenses, and exam preparation materials add USD 350-500 annually.
• Indian students should plan for currency fluctuation; lock in USD transfers 2-3 months before payment deadlines.

Cost of Living in Philadelphia for Actuarial Science Students

Tip for Indian students: Philadelphia is cheaper than Boston or New York. Student apartments near campus (North Philadelphia) run USD 700-850/month. Many actuarial students share 3-bedroom units to reduce costs to USD 500-600 per person.

Temple University Actuarial Science Admission 2027

Temple’s undergraduate admission for Actuarial Science is open to international students meeting academic and English-language thresholds. Enrollment is competitive but not highly selective compared to top-10 U.S. actuarial programs.

English Language Proficiency for Indian Applicants

Temple requires all international students whose first language is not English to submit either IELTS or TOEFL scores. Indian applicants commonly submit IELTS.

• IELTS: Band 6.5 overall minimum; writing band must be 6.0 or higher.
• TOEFL: 85 (internet-based test) or equivalent paper score; no minimum per section.
• Most Indian applicants score IELTS 6.5-7.5; band 7.0+ is competitive for merit scholarships.
• Test prep in India (IELTS at British Council or IDP) requires 6-8 weeks; take practice exams first.

Honest take: Indian students with 12th-grade marks above 85% and IELTS 7.0+ have good acceptance odds. Temple is not highly selective; many Indian applicants gain admission with moderate test scores if their math transcripts are strong.

Temple University Actuarial Science Application 2027

The application process for international students is straightforward. Temple uses the Common Application and requires separate documentation for international credentials.

• Submit IELTS/TOEFL with the Common App at least 2 weeks before the deadline.
• WES evaluation of 12th-grade documents takes 4-6 weeks; start by August for spring cycle.
• No GRE required for undergraduate admission; SAT/ACT scores are optional but recommended.
• After admission, submit evidence of financial support (bank statement, sponsor letter) for I-20 issuance.

Application tip: Temple’s rolling admissions favor early applicants. Submit by October 15 for best scholarship consideration, even if the hard deadline is November 1.

Temple University Actuarial Science Scholarships 2027

Temple offers merit scholarships ranging from USD 5,000 to USD 20,000 annually for qualifying international students in STEM fields, including Actuarial Science.

• A USD 20,000 annual scholarship reduces your cost to USD 13,200-22,852 per year (INR 12.64-21.88 Lakhs).
• Over four years, the STEM Excellence scholarship saves USD 80,000 (INR 76.60 Lakhs), bringing total cost down to INR 8.21-9.81 Crores.
• Scholarships are renewable if you maintain a 3.0+ cumulative GPA each year.
• No scholarships are solely need-based; all require strong academic credentials.

Scholarship reality: U.S. undergraduate scholarships for Indian students are modest compared to graduate programs. Plan to fund 70-80% of costs from family savings or education loans; scholarships typically cover 15-25%.

Temple University Actuarial Science Salary 2027

Temple’s Actuarial Science graduates earn competitive salaries in the U.S. insurance and pension sectors. Entry-level salaries are among the highest for undergraduate business graduates.

Source: Temple University Fox Business School 2025 Career Outcomes Report.

• Most graduates pass Exam P within the first 18 months of employment; employer-sponsored exam prep is standard.
• Federal income tax (15-22% effective) applies to all U.S. salaries; state tax (3-6% in Pennsylvania) varies by residence.
• Use a tax calculator tool provided by IRS to estimate take-home pay.

ROI reality: A USD 65,000 gross salary minus 22% federal/state tax yields roughly USD 50,700 net annually (INR 48.58 Lakhs). After accounting for rent (USD 10,800/year) and living costs (USD 23,040/year), net savings are modest for the first 2-3 years. Salary jumps significantly after passing Exam FM (year 2-3).

USA Visa for Actuarial Science Students 2027

International students enrolling at Temple are sponsored on an F-1 student visa. Graduates may extend U.S. stay through Optional Practical Training (OPT) and sponsorship for H-1B work visas.

• F-1 visa permits full-time study and up to 20 hours/week of campus employment during the academic term.
• OPT (Optional Practical Training) grants 12 months of full-time work authorization post-graduation; STEM majors (including Actuarial Science) are eligible for an additional 24-month extension, totaling 36 months.
• H-1B sponsorship by your employer is the typical pathway to permanent residency; petitioning begins in your final year of OPT.
• Spouse/dependent visa (F-2) is available but does not permit employment during your study period.

Visa reality: With 36 months of OPT + H-1B sponsorship, most Temple Actuarial Science graduates successfully transition to permanent residency (green card) by year 7-8 of U.S. stay. Budget additional costs for visa attorney fees (USD 3,000-5,000 for H-1B case).