SoMAS offers full tuition scholarships and  stipends to virtually all entering students. After their first year, most graduate students at the SoMAS receive research assistantships that provide between $19,000 and $25,000 in annual support depending on student status and availability of funds. Specialized fellowship are between $15,000 and $20,000 annually. All students in good standing can expect full tuition and stipend support.

SoMAS has a variety of special awards available to graduate students. In addition to being eligible for a variety of programmatic awards, students may also compete for one of the following:

The Evan R. Liblit Award is granted to a student at the School of Marine and Atmospheric Sciences. This is awarded to students conducting research on contaminants, waste management, or environmental issues.

Graduate Council Fellowships are awarded to exceptional entering graduate students who are U.S. citizens. They provide five years of stipend support.