Exam and e-Learning Module Fees

Updated January 21, 2025

This page outlines the cost structure associated with SOA exams and modules. Fees listed below are subject to change. All amounts are in U.S. dollars.

Learn more about: 

  • ASA Fees
    View exam and module fees for preliminary (ASA) exams.
  • FSA Fees
    View exam and module fees for fellowship (FSA) exams.
  • Additional Fee Information
    View information about currency, payment methods, and financial assistance.

ASA Exams and Modules

The fees for the preliminary (ASA) exams include electronic access to the required study notes.

Exam or e-Learning Module

Fee (USD)

VEE (per topic)

$ 90.00

Probability (P) Exam

$ 270.00

Financial Mathematics (FM) Exam

$ 270.00

Pre-Actuarial Foundations (PAF) Module

$ 220.00

Fundamentals of Actuarial Mathematics (FAM) Exam

$ 400.00

Advanced Long-Term Actuarial Mathematics (ALTAM) Exam

$ 490.00

Advanced Short-Term Actuarial Mathematics (ASTAM) Exam

$ 490.00

Statistics for Risk Modeling (SRM) Exam

$ 350.00

Actuarial Science Foundations (ASF) Module

$ 220.00

Predictive Analytics (PA) Exam

$ 1,210.00

Advanced Topics in Predictive Analytics (ATPA) Assessment

$ 1,230.00

Fundamentals of Actuarial Practice (FAP) Modules and End-of-Module Assessments (EMAs)

$ 540.00

Fundamentals of Actuarial Practice (FAP) Final Assessment (FA)

$ 1,290.00

Associateship Professionalism Course (APC) – Virtual

$ 645.00

Associateship Professionalism Course (APC) – In Person

$ 830.00

FSA Exams and Modules

Fall 2025

Study notes for the FSA examinations are not included in exam fees and must be purchased separately.

Exam or e-Learning Module

Fee (USD)

Corporate Finance and ERM (CFE) Practice Area

Enterprise Risk Management (ERM) Module

$ 330.00

Advanced Topics in CFE Module

$ 330.00

Introduction to CFE Module

$ 330.00

CFE 101 Enterprise Risk Management

$ 1,150.00

CFE 201 Corporate Finance

$ 1,150.00

Investment (INV) Practice Area

Enterprise Risk Management (ERM) Module

$ 330.00

Financial Modeling Module

$ 330.00

Scenario Modeling Module

$ 330.00

INV 101 Portfolio Management

$ 1,150.00

INV 201 Quantitative Finance

$ 1,150.00

Individual Life and Annuities (ILA) Practice Area

Introduction to ILA Module

$ 330.00

Regulation & Taxation Module

$ 330.00

Enterprise Risk Management (ERM) Module

$ 330.00

ILA 101 Pricing and Introduction to Valuation and Risk Management

$ 1,150.00

ILA 201-U Valuation and Advanced Product and Risk Management, U.S.

$ 1,150.00

ILA 201-I Valuation and Advanced Product and Risk Management, International

$ 1,150.00

Retirement Benefits (RET) Practice Area

Social Insurance Module

$ 330.00

Enterprise Risk Management (ERM) Module

$ 330.00

Pension Projections Module

$ 330.00

RET 101 Retirement Plan Design

$ 1,150.00

RET 201 Retirement Plan Valuation

$ 1,150.00

RET 301 Actuarial Topics for Canadian Retirement Plans

$ 1,150.00

Enrolled Actuaries Examination (EA-2 Segment F)

$ 390.00

Group and Health Insurance (GH) Practice Area

Health Economics Module

$ 330.00

Health Foundations Module

$ 330.00

Enterprise Risk Management (ERM) Module

$ 330.00

GH 101 Benefits and Pricing

$ 1,150.00

GH 201-U Valuation and Regulation, U.S.

$ 1,150.00

GH 201-C Valuation and Regulation, Canada

$ 1,150.00

GH 301 Health Analytics and Management

$ 1,150.00

General Insurance (GI) Practice Area

Enterprise Risk Management (ERM) Module

$ 330.00

Financial Economics, Regulation, and Law Module

$ 330.00

General Insurance Applications Module

$ 330.00

GI 101 Ratemaking and Reserving

$ 1,150.00

GI 201 Operational, Financial, Regulatory and Legal

$ 1,150.00

GI 301 Further Topics in General Insurance

$ 1,150.00

GI 302 General Insurance in the U.S.

$ 1,150.00

Cross Practice Exams

CP 311 Strategic Management

$ 1,150.00

CP 312 Model Development and Governance

$ 1,150.00

CP 321 Disability, Long-Term Care, and Long-Duration Health Contracts

$ 1,150.00

CP 341 Advanced Life Reinsurance

$ 1,150.00

CP 351 Asset Liability Management

$ 1,150.00

Additional Fee Information

All fees listed are subject to change.

Reduced exam fees, exam reimbursement, and scholarship opportunities are available to eligible candidates.

Fees should be remitted in U.S. funds (or equivalent) by check, money order, American Express, MasterCard or Visa. Please note that payment in non-U.S. currency may slightly delay the processing of the application. All outstanding exam fees and administrative fees must be paid in full prior to enrollment in future exams.