Scholarship awards are presented to the three finalists in the Final Round of the National contest as follows:

Each Department (State) winner who is certified into and participates in the first round of the National Contest will receive a $1,500 scholarship.

Each first round winner who advances to and participates in the second round, but does not advance to the Final Round, will receive an additional $1,500 scholarship to pursue education beyond high school.

The scholarships awarded by the National Organization of The American Legion to the three finalists, to the Department winners, and to the first round winners who are eliminated during the second round of competition may be used to attend any college or university in the United States. Funds for the scholarships awarded by the National Organization are provided by The American Legion Life Insurance Fund.

In addition to the scholarships award by the National Organization, there are several hundred scholarships awarded at the discretion of the intermediate organizations, to participants at Post, District or County, and Department levels of competition.