BigPeePee Looks like you intentionally left out an important part...
As part of the SOA’s ongoing efforts to address the need for greater diversity within the actuarial profession, plans are underway to extend the UEC program to select universities serving underrepresented groups. Details will be forthcoming regarding this important initiative.
The way you quoted it made it seem like concessions were being made in the name of diversity. As long as the standards to be a CAE are the same for every school, this seems like a great way to promote a diverse meritocracy.
I am dubious of this (for any CAE, not just those serving underrepresented groups):
Members, candidates and employers can be confident the UEC program will meet all the quality checks and rigorous requirements they expect of SOA exams.
Seems like a hard standard to uphold when you no longer proctor the exams in a standardized way. Are they letting professors write their own exams? How is that possibly equitable? Surely the difficulty would be different from one professor (or University) to the next.
Maybe I am just an old grump - sure would be happy right now if I was a college student! Though, they sure as hell didn't teach me anything thoroughly enough to pass an actuarial exam in college.
Edit: Another interesting aspect of this - learning to study for and take these exams is a big part of the process - you have to be really efficient at self-study. And, employers want to hire actuarial students they know have the ability to pass exams. If you've never passed an actuarial exam before? Seems like a differentiator.