Alpha Chi provides several annual fellowship and scholarship opportunities for its members.
Each year, ten $2,500 H.Y. Benedict Fellowships for graduate or professional study are awarded to Alpha Chi members. The $1,500 Alfred H. Nolle Scholarship is also awarded to ten qualified members each year for their senior year of undergraduate study. In addition, the Benedict Fellowship is also awarded to a designated number of members each year.
In 1995 an active alumni program was begun for members following graduation, and the Pryor Fellowship is a new program open to this group of members. The first $2,500 Joseph E. Pryor Alumni Fellowship was awarded in 1997.