AMVETS annually awards scholarships to veterans/active military, their sons, daughters or grand-children. A son, daughter or grandchild of a deceased veteran is also eligible. Awarded on the basis of academic excellence and financial need, the scholarships go to deserving high school seniors, high school JROTC students and veterans pursuing a higher education.

The following scholarships, funded by the AMVETS National Service Foundation, are awarded annually:

• Six $4,000 scholarships for high school seniors ($1,000 a year of a four-year undergraduate program or at an accredited technical/trade leading to certification or a degree; one selected from each district).
• Three $4,000 scholarships for veterans ($1,000 a year of a four-year undergraduate program or certification/degree from an accredited technical/trade school; no regard for district boundaries).
• One $1,000 scholarship for a JROTC high school senior entering any undergraduate program (no regard for district boundaries).